Intangible Assets, Net

12 Months Ended

Jan. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

The following table summarizes intangible assets, net as of January 2, 2021 and December 28, 2019:

	January 2, 2021						December 28, 2019
(in millions of U.S. dollars)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Intangible Assets
Not subject to amortization
Trademarks	$	455.5	$	—	$	455.5	$	287.1	$	—	$	287.1
Total intangible assets not subject to amortization	$	455.5	$	—	$	455.5	$	287.1	$	—	$	287.1
Subject to amortization
Customer relationships	809.5		324.3		485.2		534.9		267.5		267.4
Patents	19.2		6.4		12.8		15.2		4.0		11.2
Software	62.5		38.2		24.3		49.4		28.0		21.4
Other	15.9		6.1		9.8		14.9		5.0		9.9
Total intangible assets subject to amortization	$	907.1	$	375.0	$	532.1	$	614.4	$	304.5	$	309.9
Total intangible assets	$	1,362.6	$	375.0	$	987.6	$	901.5	$	304.5	$	597.0

Amortization expense of intangible assets was $63.3 million during 2020 (2019 - $56.5 million; 2018 - $63.0 million).

The estimated amortization expense for intangible assets subject to amortization over the next five years is:

(in millions of U.S. dollars)
2021	$	60.3
2022	56.4
2023	48.0
2024	41.4
2025	35.6
Thereafter	290.4
Total	$	532.1