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, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The major components of intangible assets are as follows:



	November 30, 2013				February 28, 2013
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets:
Customer relationships	$	104.5	$	72.6	$	82.9	$	54.7
Favorable interim supply agreement	68.3		64.1		—		—
Other	14.6		6.3		7.9		2.2
Total	$	187.4	143.0		$	90.8	56.9

Nonamortizable intangible assets:
Trademarks			3,089.0				809.1
Other			5.2				5.4
Total			3,094.2				814.5
Total intangible assets, net			$	3,237.2			$	871.4

The Company did not incur costs to renew or extend the term of acquired intangible assets during the nine months and three months ended November 30, 2013, and November 30, 2012. The difference between the gross carrying amount and net carrying amount for each item presented is attributable to accumulated amortization. Amortization expense for intangible assets was $11.2 million and $5.5 million for the nine months ended November 30, 2013, and November 30, 2012, respectively, and $4.1 million and $1.9 million for the three months ended November 30, 2013, and November 30, 2012, respectively. Estimated amortization expense for the remaining three months of fiscal 2014 and for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2014	$	4.3
2015	$	40.6
2016	$	35.5
2017	$	8.0
2018	$	5.6
2019	$	5.5
Thereafter	$	43.5