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. 28, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The major components of intangible assets are as follows:



	February 28, 2015				February 28, 2014
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets
Customer relationships	$	100.9	$	63.3	$	103.6	$	70.5
Favorable interim supply agreement	68.3		33.9		68.3		62.3
Other	21.0		5.5		14.7		5.3
Total	$	190.2	102.7		$	186.6	138.1

Nonamortizable intangible assets
Trademarks ⁽¹⁾			3,073.9				3,088.0
Other			4.4				5.0
Total			3,078.3				3,093.0
Total intangible assets			$	3,181.0			$	3,231.1


⁽¹⁾	We recorded an impairment loss for the year ended February 28, 2014, for certain trademarks associated with the Wine and Spirits’ Canadian business (see Note 7).

We did not incur costs to renew or extend the term of acquired intangible assets for the years ended February 28, 2015, and February 28, 2014. Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $40.0 million, $15.5 million and $7.2 million for the years ended February 28, 2015, February 28, 2014, and February 28, 2013, respectively. Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2016	$	39.9
2017	$	10.3
2018	$	5.4
2019	$	5.4
2020	$	5.4
Thereafter	$	36.3