Constellation Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Intangible Assets

Intangible Assets

12 Months Ended

Feb. 29, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The major components of intangible assets are as follows:



	February 29, 2020				February 28, 2019
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets
Customer relationships	$	87.4	$	31.8	$	89.9	$	39.1
Other	20.2		0.3		20.5		0.9
Total	$	107.6	32.1		$	110.4	40.0

Nonamortizable intangible assets
Trademarks			2,686.8				3,158.1
Total intangible assets ⁽¹⁾			$	2,718.9			$	3,198.1


⁽¹⁾	The balance at February 29, 2020, excludes intangible assets reclassified to assets held for sale, which consist primarily of trademarks.

We did not incur costs to renew or extend the term of acquired intangible assets for the years ended February 29, 2020, and February 28, 2019. Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $5.7 million, $6.0 million, and $5.9 million for the years ended February 29, 2020, February 28, 2019, and February 28, 2018, respectively. Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2021	$	5.3
2022	$	5.0
2023	$	3.1
2024	$	1.5
2025	$	1.5
Thereafter	$	15.7