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Intangibles And Other Assets Including Goodwill
9 Months Ended
Oct. 01, 2011
Intangibles And Other Assets Including Goodwill [Abstract] 
Intangibles And Other Assets Including Goodwill

Note 8 – Intangibles and Other Assets including Goodwill

 

     October 1, 2011  

(in millions of U.S. dollars)

   Cost      Accumulated
Amortization
     Net  

Intangibles

        

Not subject to amortization

        

Rights

   $ 45.4       $ —         $ 45.4   
  

 

 

    

 

 

    

 

 

 

Subject to amortization

        

Customer relationships

   $ 369.4       $ 113.3       $ 256.1   

Trademarks

     27.5         21.0         6.5   

Information technology

     62.7         53.6         9.1   

Other

     11.4         5.1         6.3   
  

 

 

    

 

 

    

 

 

 
     471.0         193.0         278.0   
  

 

 

    

 

 

    

 

 

 
     516.4         193.0         323.4   
  

 

 

    

 

 

    

 

 

 

Other Assets

        

Financing costs

   $ 23.2       $ 6.3       $ 16.9   

Deposits

     7.1         —           7.1   

Other

     1.5         0.1         1.4   
  

 

 

    

 

 

    

 

 

 
     31.8         6.4         25.4   
  

 

 

    

 

 

    

 

 

 

Total Intangibles & Other Assets

   $ 548.2       $ 199.4       $ 348.8   
  

 

 

    

 

 

    

 

 

 

Amortization expense of intangible and other assets was $9.4 million and $27.2 million for the three and nine months ended October 1, 2011, respectively, and $7.0 million and $16.9 million for the three and nine months ended October 2, 2010, respectively.

The estimated amortization expense for intangibles over the next five years is:

 

(in millions of U.S. dollars)

      

Remainder of 2011

   $ 8.0   

2012

     31.0   

2013

     29.8   

2014

     27.7   

2015

     25.2   

Thereafter

     156.3   
  

 

 

 
   $ 278.0   
  

 

 

 

The Rights are not subject to amortization and any change in goodwill reflects fluctuations in foreign currency exchange rates.