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Intangible Assets, net and Goodwill (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net and Goodwill
Intangible assets, net and goodwill consist of the following (in millions):
 
 
As of
 
June 30, 2017
 
December 31, 2016
 
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Identifiable assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
   Franchise agreements
$
716.3

 
$
(150.6
)
 
$
565.7

 
$
655.1

 
$
(132.4
)
 
$
522.7

   Favorable leases
452.4

 
(172.0
)
 
280.4

 
436.0

 
(149.7
)
 
286.3

      Subtotal
1,168.7

 
(322.6
)
 
846.1

 
1,091.1

 
(282.1
)
 
809.0

Indefinite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
   Tim Hortons brand
$
6,547.7

 
$

 
$
6,547.7

 
$
6,341.6

 
$

 
$
6,341.6

   Burger King brand
2,128.8

 

 
2,128.8

 
2,077.4

 

 
2,077.4

   Popeyes brand
1,319.0

 

 
1,319.0

 

 

 

      Subtotal
9,995.5

 

 
9,995.5

 
8,419.0

 

 
8,419.0

Intangible assets, net
 
 
 
 
$
10,841.6

 
 
 
 
 
$
9,228.0

 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
 
 
 
 
 
 
 
 
 
 
   Tim Hortons segment
$
4,214.4

 
 
 
 
 
$
4,087.8

 
 
 
 
   Burger King segment
601.5

 
 
 
 
 
587.3

 
 
 
 
   Popeyes segment
867.8

 
 
 
 
 

 
 
 
 
      Total
$
5,683.7

 
 
 
 
 
$
4,675.1