Constellation Brands, Inc. Current report filing

Current report filing

Intangible Assets

Intangible Assets

12 Months Ended

Feb. 28, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The major components of intangible assets are as follows:



	February 28, 2017				February 29, 2016
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets
Customer relationships	$	89.1	$	48.6	$	102.5	$	60.2
Favorable interim supply agreement	—		—		68.3		2.2
Other	19.9		1.7		22.3		3.5
Total	$	109.0	50.3		$	193.1	65.9

Nonamortizable intangible assets
Trademarks			3,327.4				3,333.8
Other			—				4.1
Total			3,327.4				3,337.9
Total intangible assets			$	3,377.7			$	3,403.8

We did not incur costs to renew or extend the term of acquired intangible assets for the years ended February 28, 2017, and February 29, 2016. Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $10.4 million, $40.7 million and $40.0 million for the years ended February 28, 2017, February 29, 2016, and February 28, 2015, respectively. Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2018	$	5.7
2019	$	5.7
2020	$	5.5
2021	$	5.2
2022	$	4.9
Thereafter	$	23.3