GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

12 Months Ended

Dec. 02, 2017

Feb. 25, 2017

The following table summarizes the changes in the Company’s goodwill balances (in millions):


	December 2, 2017			February 25, 2017
Balance at beginning of period	$	1,167.8		$	1,131.1
Acquisitions		157.8			36.7
Impairment		(142.3	)		—

Balance at end of period	$	1,183.3		$	1,167.8

The following table summarizes the changes in the Company’s goodwill balances (in millions):


	February 25, 2017		February 27, 2016
Balance at beginning of year	$	1,131.1	$	1,013.8
Acquisitions and related adjustments(1)		36.7		117.3

Balance at end of year	$	1,167.8	$	1,131.1

(1)	Fiscal 2015 includes a $13.5 million adjustment to deferred income tax liabilities assumed in the Safeway acquisition.

The Company’s Intangible assets consisted of the following (in millions):


		February 25, 2017							February 27, 2016
	Estimated useful lives (Years)	Gross carrying amount		Accumulated amortization			Net		Gross carrying amount		Accumulated amortization			Net
Trade names	40	$	1,910.9	$	(123.4	)	$	1,787.5	$	1,900.8	$	(72.7	)	$	1,828.1
Beneficial lease rights	12		936.1		(280.6	)		655.5		911.4		(201.7	)		709.7
Customer prescription files	5		1,468.4		(784.4	)		684.0		1,437.9		(495.2	)		942.7
Covenants not to compete	5		3.5		(1.9	)		1.6		3.4		(1.4	)		2.0
Internally developed software	5		468.6		(170.1	)		298.5		422.7		(85.8	)		336.9

Total finite-lived intangible assets			4,787.5		(1,360.4	)		3,427.1		4,676.2		(856.8	)		3,819.4
Liquor licenses and restricted covenants	Indefinite		70.7		—			70.7		63.1		—			63.1

Total intangible assets, net		$	4,858.2	$	(1,360.4	)	$	3,497.8	$	4,739.3	$	(856.8	)	$	3,882.5

Estimated future amortization expense associated with the net carrying amount of intangibles with finite lives is as follows (in millions):