Constellation Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Nov. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The major components of intangible assets are as follows:



	November 30, 2017				February 28, 2017
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets
Customer relationships	$	89.8	$	45.5	$	89.1	$	48.6
Other	20.3		1.7		19.9		1.7
Total	$	110.1	47.2		$	109.0	50.3

Nonamortizable intangible assets
Trademarks			3,256.6				3,327.4
Total intangible assets			$	3,303.8			$	3,377.7

We did not incur costs to renew or extend the term of acquired intangible assets for the nine months and three months ended November 30, 2017, and November 30, 2016. Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $4.4 million and $8.4 million for the nine months ended November 30, 2017, and November 30, 2016, respectively, and $1.5 million and $2.1 million for the three months ended November 30, 2017, and November 30, 2016, respectively. Estimated amortization expense for the remaining three months of fiscal 2018 and for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2018	$	1.5
2019	$	6.0
2020	$	5.7
2021	$	5.4
2022	$	5.1
2023	$	3.3
Thereafter	$	20.2