Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]



	U.S.			Canada		Europe			International			Consolidated
	(In millions)
Balance at December 31, 2015	$	—		$	551.4	$	1,408.7		$	23.2		$	1,983.3
Business acquisition⁽¹⁾	6,415.6			—		—			(0.6		)	6,415.0
Impairment related to India reporting unit⁽²⁾	—			—		—			(15.7		)	(15.7		)
Foreign currency translation	—			16.2		(148.2		)	(0.5		)	(132.5		)
Balance at December 31, 2016	$	6,415.6		$	567.6	$	1,260.5		$	6.4		$	8,250.1
Adjustments to preliminary purchase price allocation and synergy allocation⁽¹⁾	(487.1		)	295.0		100.0			—			(92.1		)
Business acquisition⁽³⁾	—			13.8		—			—			13.8
Foreign currency translation	—			55.7		177.5			0.5			233.7
Balance at December 31, 2017	$	5,928.5		$	932.1	$	1,538.0		$	6.9		$	8,405.5

(1)

On October 11, 2016, we completed the Acquisition and estimated preliminary goodwill of approximately $6.4 billion, which was initially allocated to our U.S. segment. During 2017, we recorded adjustments to our preliminary purchase price allocation resulting in a net decrease in goodwill of $92.1 million. Separately, early in the fourth quarter of 2017, and prior to the completion of the one year measurement period, we completed the allocation of goodwill to our reporting units, resulting in $295.0 million and $100.0 million allocated to the Canada and Europe reporting units, respectively, as of October 11, 2016. Refer to Note 4, "Acquisition and Investments" for further details.

In addition, the goodwill adjustment for 2016 reflects the final purchase price accounting adjustment associated with the April 1, 2015, acquisition of Mount Shivalik Breweries Ltd ("Mount Shivalik"), a regional brewer in India and is included within the India reporting unit of our International segment.


(2)	The International segment's goodwill impairment loss for 2016 resulted from an interim goodwill impairment assessment for the India reporting unit performed during the second quarter of 2016, triggered by the enactment of total alcohol prohibition in the state of Bihar, India on April 5, 2016.


(3)	During the fourth quarter of 2017, we completed the acquisition of Le Trou du Diable, a craft brewer located in Quebec. As part of the preliminary purchase price accounting in the fourth quarter of 2017, goodwill generated in conjunction with this acquisition has been recorded within our Canada segment, subject to normal purchase accounting adjustments.

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2017:



	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	5,215.3	$	(516.0	)	$	4,699.3
License agreements and distribution rights	15 - 28	236.3		(103.9		)	132.4
Other	2 - 40	148.3		(42.4		)	105.9
Intangible assets not subject to amortization:
Brands	Indefinite	8,216.6		—			8,216.6
Distribution networks	Indefinite	804.7		—			804.7
Other	Indefinite	337.6		—			337.6
Total		$	14,958.8	$	(662.3	)	$	14,296.5

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 estimated amortization expense related to intangible assets

Based on foreign exchange rates as of December 31, 2017, the estimated future amortization expense of intangible assets is as follows:



Year	Amount
	(In millions)
2018	$	224.7
2019	223.8
2020	222.8
2021	217.4
2022	213.3