Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

The following summarizes the change in goodwill for the second quarter of2012 (in millions):

Balance at December 31, 2011	$	1,453.3
Business acquisition(1)	831.5
Impairment related to China reporting unit(2)	(9.5		)
Foreign currency translation	12.3
Purchase price adjustment	0.4
Balance at June 30, 2012	$	2,288.0

(1) On June 15, 2012, we completed the Acquisition. See Note 3, "Acquisition of StarBev" for further discussion.

(2) See further discussion below.

Schedule of goodwill by segment

Goodwill was attributed to our segments as follows:

	As of
	June 30, 2012		December 31, 2011
	(In millions)
Canada	$	692.7	$	689.5
Central Europe(1)	833.4		—
United Kingdom	753.9		746.1
MCI	8.0		17.7
Consolidated	$	2,288.0	$	1,453.3

(1) We have initially attributed the preliminary goodwill arising from the Acquisition to our Central Europe segment. This allocation is subject to change as we finalize purchase accounting, which we expect to occur during 2012.

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of June 30, 2012:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands(1)	3 - 40	$	456.3	$	(189.6	)	$	266.7
Distribution rights	2 - 23	343.7		(242.5		)	101.2
Patents and technology and distribution channels	3 - 10	34.3		(30.4		)	3.9
Favorable contracts, land use rights and other(1)	2 - 42	18.3		(1.2		)	17.1
Intangible assets not subject to amortization:
Brands(1)	Indefinite	5,725.8		—			5,725.8
Distribution networks	Indefinite	995.1		—			995.1
Other	Indefinite	15.5		—			15.5
Total		$	7,589.0	$	(463.7	)	$	7,125.3

(1) Includes the preliminary fair values of $135.6 million for brand intangibles with a 30 year useful life, $2,377.5 million for brand intangibles with an indefinite-life and a preliminary fair value of a favorable supply contract and other intangibles of $12.0 million with a 2 year useful life as a result of the Acquisition. See Note 3, "Acquisition of StarBev" for total allocation of consideration. The following table presents details of our intangible assets, other than goodwill, as of December 31, 2011:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	3 - 40	$	316.9	$	(179.0	)	$	137.9
Distribution rights	2 - 23	342.0		(234.0		)	108.0
Patents and technology and distribution channels	3 - 10	34.9		(28.9		)	6.0
Land use rights and other	2 - 42	6.5		(0.8		)	5.7
Intangible assets not subject to amortization:
Brands	Indefinite	3,322.4		—			3,322.4
Distribution networks	Indefinite	990.5		—			990.5
Other	Indefinite	15.5		—			15.5
Total		$	5,028.7	$	(442.7	)	$	4,586.0

Schedule of estimated amortization expense related to intangible assets

Based on foreign exchange rates as of June 30, 2012, the following is our estimated amortization expense related to intangible assets for the next five years:

	Amount
	(In millions)
2012 - remaining	$	23.2
2013	$	46.4
2014	$	38.5
2015	$	36.0
2016	$	36.0