Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The following summarizes the change in goodwill for the nine months ended September 30, 2015:



	Canada			Europe			MCI			Consolidated
	(In millions)
Balance at December 31, 2014	$	656.5		$	1,528.0		$	7.1		$	2,191.6
Business acquisition and disposition ⁽¹⁾	—			(6.7		)	16.4			9.7
Foreign currency translation	(83.4		)	(70.5		)	(0.6		)	(154.5		)
Balance at September 30, 2015	$	573.1		$	1,450.8		$	22.9		$	2,046.8

(1)

In July 2015, we sold our U.K. malting facility resulting in an adjustment to the goodwill in our Europe reporting unit based on the proportionate fair value of the disposed business relative to the reporting unit. In addition, on April 1, 2015, we completed the acquisition of Mount Shivalik Breweries Ltd., a regional brewer in India. As part of the purchase price accounting, goodwill generated in conjunction with this acquisition has been recorded within our MCI segment beginning in the second quarter of 2015 and included within the India reporting unit of our MCI segment for purposes of our annual goodwill impairment testing.

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of September 30, 2015:



	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	3 - 50	$	1,158.6	$	(225.0	)	$	933.6
License agreements and distribution rights	3 - 28	139.5		(89.5		)	50.0
Other	2 - 8	30.7		(29.2		)	1.5
Intangible assets not subject to amortization:
Brands	Indefinite	3,161.1		—			3,161.1
Distribution networks	Indefinite	759.9		—			759.9
Other	Indefinite	17.5		—			17.5
Total		$	5,267.3	$	(343.7	)	$	4,923.6

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2014:



	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	3 - 40	$	483.5	$	(229.1	)	$	254.4
License agreements and distribution rights	3 - 28	122.0		(101.1		)	20.9
Other	2 - 8	31.7		(29.4		)	2.3
Intangible assets not subject to amortization:
Brands	Indefinite	4,590.2		—			4,590.2
Distribution networks	Indefinite	870.5		—			870.5
Other	Indefinite	17.5		—			17.5
Total		$	6,115.4	$	(359.6	)	$	5,755.8

Schedule of future amortization expense

Based on foreign exchange rates as of September 30, 2015, the estimated future amortization expense of intangible assets, inclusive of the impact driven by the change in classification of certain European brands from an indefinite life to definite life subject to amortization, is as follows:



Fiscal year	Amount
	(In millions)
2015 - remaining	$	10.0
2016	$	39.9
2017	$	29.2
2018	$	27.7
2019	$	27.7