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

3 Months Ended

May 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The major components of intangible assets are as follows:



	May 31, 2016				February 29, 2016
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets
Customer relationships	$	104.7	$	60.8	$	102.5	$	60.2
Favorable interim supply agreement	68.3		—		68.3		2.2
Other	22.5		3.4		22.3		3.5
Total	$	195.5	64.2		$	193.1	65.9

Nonamortizable intangible assets
Trademarks			3,372.0				3,333.8
Other			4.2				4.1
Total			3,376.2				3,337.9
Total intangible assets			$	3,440.4			$	3,403.8

We did not incur costs to renew or extend the term of acquired intangible assets for the three months ended May 31, 2016, and May 31, 2015. Net carrying amount represents the gross carrying value net of accumulated amortization. Amortization expense for intangible assets was $4.2 million and $11.7 million for the three months ended May 31, 2016, and May 31, 2015, respectively. Estimated amortization expense for the remaining nine months of fiscal 2017 and for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2017	$	6.3
2018	$	6.2
2019	$	6.2
2020	$	5.9
2021	$	5.6
2022	$	5.3
Thereafter	$	28.7