Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

	U.S.		Canada		Europe		International		Consolidated
Changes in Goodwill:			(In millions)
Balance at December 31, 2016	$	6,415.6	$	567.6	$	1,260.5	$	6.4	$	8,250.1
Adjustments to preliminary purchase price allocation(1)	18.5		—		—		—		18.5
Foreign currency translation	—		20.9		101.3		0.4		122.6
Balance at June 30, 2017	$	6,434.1	$	588.5	$	1,361.8	$	6.8	$	8,391.2

(1) During the second quarter of 2017, we recorded an adjustment to our preliminary purchase price allocation primarily related to certain accrued liabilities associated with the Acquisition. Refer to Note 4, "Acquisition and Investments" for further details.

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of June 30, 2017:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	5,075.3	$	(402.9	)	$	4,672.4
License agreements and distribution rights	15 - 28	231.8		(96.9		)	134.9
Other	2 - 40	144.2		(34.6		)	109.6
Intangible assets not subject to amortization:
Brands	Indefinite	8,164.9		—			8,164.9
Distribution networks	Indefinite	780.3		—			780.3
Other	Indefinite	337.5		—			337.5
Total		$	14,734.0	$	(534.4	)	$	14,199.6

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2016:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	4,876.3	$	(288.2	)	$	4,588.1
License agreements and distribution rights	15 - 28	225.9		(89.4		)	136.5
Other	2 - 40	129.3		(26.4		)	102.9
Intangible assets not subject to amortization:
Brands	Indefinite	8,114.2		—			8,114.2
Distribution networks	Indefinite	752.6		—			752.6
Other	Indefinite	337.6		—			337.6
Total		$	14,435.9	$	(404.0	)	$	14,031.9

Schedule of future amortization expense

Based on foreign exchange rates as of June 30, 2017, and the preliminary allocation of fair value to definite-lived intangible assets, the estimated future amortization expense of intangible assets is as follows:

Fiscal year	Amount
	(In millions)
2017 - remaining	$	110.1
2018	$	219.4
2019	$	218.5
2020	$	217.4
2021	$	212.0