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, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS:

The major components of intangible assets are as follows:



	May 31, 2014				February 28, 2014
	Gross Carrying Amount		Net Carrying Amount		Gross Carrying Amount		Net Carrying Amount
(in millions)
Amortizable intangible assets:
Customer relationships	$	104.0	$	69.5	$	103.6	$	70.5
Favorable interim supply agreement	68.3		54.7		68.3		62.3
Other	21.3		10.3		14.7		5.3
Total	$	193.6	134.5		$	186.6	138.1

Nonamortizable intangible assets:
Trademarks			3,089.8				3,088.0
Other			5.1				5.0
Total			3,094.9				3,093.0
Total intangible assets, net			$	3,229.4			$	3,231.1

The Company did not incur costs to renew or extend the term of acquired intangible assets during the three months ended May 31, 2014, and May 31, 2013. 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 $10.5 million and $1.5 million for the three months ended May 31, 2014, and May 31, 2013, respectively. Estimated amortization expense for the remaining nine months of fiscal 2015 and for each of the five succeeding fiscal years and thereafter is as follows:



(in millions)
2015	$	30.7
2016	$	39.4
2017	$	10.1
2018	$	5.5
2019	$	5.5
2020	$	5.5
Thereafter	$	37.8