Intangibles and Other Assets

12 Months Ended

Dec. 29, 2012

Note 13—Intangibles and Other Assets

The following table summarizes intangibles and other assets as of December 29, 2012 and December 31, 2011:


	December 29, 2012						December 31, 2011
(in millions of U.S. dollars)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Intangibles
Not subject to amortization
Rights	$	45.0	$	—	$	45.0	$	45.0	$	—	$	45.0


Subject to amortization
Customer relationships		367.5		142.5		225.0		366.2		117.8		248.4
Trademarks		28.8		23.3		5.5		27.5		21.6		5.9
Information technology		65.2		50.2		15.0		64.6		53.9		10.7
Other		11.9		8.5		3.4		11.8		5.7		6.1

		473.4		224.5		248.9		470.1		199.0		271.1

		518.4		224.5		293.9		515.1		199.0		316.1

Other Assets
Financing costs		24.4		11.1		13.3		23.1		7.4		15.7
Deposits		7.2		—		7.2		8.1		—		8.1
Other		1.3		0.3		1.0		1.4		0.2		1.2

		32.9		11.4		21.5		32.6		7.6		25.0


Total Intangibles & Other Assets	$	551.3	$	235.9	$	315.4	$	547.7	$	206.6	$	341.1

Amortization expense of intangible and other assets was $35.4 million during 2012 ($35.7 million—December 31, 2011; $26.5 million—January 1, 2011). Amortization of intangibles includes $2.9 million ($2.7 million—December 31, 2011; $2.2 million—January 1, 2011) relating to information technology assets and $3.7 million ($3.9 million—December 31, 2011; $2.7 million—January 1, 2011) relating to deferred financing assets.

The estimated amortization expense for intangible and other assets over the next five years is:


(in millions of U.S. dollars)
2013	$	30.5
2014		29.0
2015		26.8
2016		23.4
2017		20.2
Thereafter		119.0

Total	$	248.9

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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