Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.3.1.900
Intangible Assets
9 Months Ended
Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS:

The major components of intangible assets are as follows:
 
November 30, 2015
 
February 28, 2015
 
Gross
Carrying
Amount
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Net
Carrying
Amount
(in millions)
 
 
 
 
 
 
 
Amortizable intangible assets
 
 
 
 
 
 
 
Customer relationships
$
100.5

 
$
59.5

 
$
100.9

 
$
63.3

Favorable interim supply agreement
68.3

 
8.6

 
68.3

 
33.9

Other
22.3

 
4.2

 
21.0

 
5.5

Total
$
191.1

 
72.3

 
$
190.2

 
102.7

 
 
 
 
 
 
 
 
Nonamortizable intangible assets
 
 
 
 
 
 
 
Trademarks
 
 
3,111.4

 
 
 
3,073.9

Other
 
 
4.1

 
 
 
4.4

Total
 
 
3,115.5

 
 
 
3,078.3

Total intangible assets
 
 
$
3,187.8

 
 
 
$
3,181.0



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, 2015, and November 30, 2014. Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $32.2 million and $36.2 million for the nine months ended November 30, 2015, and November 30, 2014, respectively, and $9.5 million and $11.5 million for the three months ended November 30, 2015, and November 30, 2014, respectively. Estimated amortization expense for the remaining three months of fiscal 2016 and for each of the five succeeding fiscal years and thereafter is as follows:
(in millions)
 
2016
$
8.0

2017
$
10.7

2018
$
5.8

2019
$
5.8

2020
$
5.6

2021
$
5.4

Thereafter
$
31.0