INTANGIBLE ASSETS

12 Months Ended

Feb. 26, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The Company's Intangible assets, net consisted of the following (in millions):


		February 26, 2022						February 27, 2021
	Estimated useful lives (Years)	Gross carrying amount		Accumulated amortization		Net		Gross carrying amount		Accumulated amortization		Net
Trade names	40	$	1,935.8	$	(361.9)	$	1,573.9	$	1,941.7	$	(312.5)	$	1,629.2

Customer prescription files	5	1,430.8		(1,375.8)		55.0		1,511.3		(1,458.6)		52.7


Internally developed software	3 to 5	1,126.3		(564.3)		562.0		777.5		(441.1)		336.4
Other intangible assets (1)	3 to 6	58.2		(52.1)		6.1		52.3		(48.8)		3.5
Total finite-lived intangible assets		4,551.1		(2,354.1)		2,197.0		4,282.8		(2,261.0)		2,021.8
Liquor licenses and restricted covenants	Indefinite	88.0		—		88.0		87.0		—		87.0
Total intangible assets, net		$	4,639.1	$	(2,354.1)	$	2,285.0	$	4,369.8	$	(2,261.0)	$	2,108.8

(1) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.

Amortization expense for intangible assets was $187.2 million, $156.6 million and $355.8 million for fiscal 2021, fiscal 2020 and fiscal 2019, respectively. Estimated future amortization expense associated with the net carrying amount of intangibles with finite lives is as follows (in millions):


Fiscal Year	Amortization Expected
2022	$	244.7
2023	216.2
2024	171.5
2025	124.8
2026	60.1
Thereafter	1,379.7
Total	$	2,197.0

In fiscal 2021 and fiscal 2019 there were $12.3 million and $34.1 million of intangible asset impairment losses, respectively, recorded as a component of Gain on property dispositions and impairment losses, net. There were no intangible asset impairment losses in fiscal 2020. The fiscal 2019 impairment loss was driven by the continued under performance of the Plated meal kit subscription and delivery operations and primarily relates to the Plated tradename, and to a lesser extent, certain other Plated intangible assets. The fair value was determined using an income approach which included a relief-from-royalty method and relied on inputs with unobservable market prices including the assumed revenue growth rate, royalty rate, discount rate and estimated tax rate.