Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 29, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

The following summarizes the change in goodwill for the first three quarters of 2012 (in millions):

	Canada		Central Europe		U.K.		MCI			Consolidated
	(In millions)
Balance at December 31, 2011	$	689.5	$	—	$	746.1	$	17.7		$	1,453.3
Business acquisition(1)	60.5		751.3		88.3		—			900.1
Impairment related to China reporting unit	—		—		—		(9.5		)	(9.5		)
Foreign currency translation	26.1		15.8		29.6		(0.2		)	71.3
Purchase price adjustment	—		—		—		0.4			0.4
Balance at September 29, 2012	$	776.1	$	767.1	$	864.0	$	8.4		$	2,415.6

(1) On June 15, 2012, we completed the Acquisition. See Note 3, "Acquisition of StarBev" for further discussion.

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of September 29, 2012:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands(1)	3 - 40	$	475.6	$	(202.2	)	$	273.4
Distribution rights	2 - 23	355.1		(254.3		)	100.8
Patents and technology and distribution channels	3 - 10	35.3		(30.9		)	4.4
Favorable contracts, land use rights and other(1)	2 - 42	13.2		(3.3		)	9.9
Intangible assets not subject to amortization:
Brands(1)	Indefinite	5,794.5		—			5,794.5
Distribution networks	Indefinite	1,028.4		—			1,028.4
Other	Indefinite	15.5		—			15.5
Total		$	7,717.6	$	(490.7	)	$	7,226.9

(1) Includes the preliminary fair values of $143.4 million for brand intangibles with a 30 year useful life, $2,275.4 million, as adjusted in the third quarter of 2012, for brand intangibles with an indefinite-life and a preliminary fair value of a favorable supply contract and other intangibles of $12.0 million with a 2 year useful life as a result of the Acquisition. See Note 3, "Acquisition of StarBev" for total allocation of consideration.

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2011:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	3 - 40	$	316.9	$	(179.0	)	$	137.9
Distribution rights	2 - 23	342.0		(234.0		)	108.0
Patents and technology and distribution channels	3 - 10	34.9		(28.9		)	6.0
Land use rights and other	2 - 42	6.5		(0.8		)	5.7
Intangible assets not subject to amortization:
Brands	Indefinite	3,322.4		—			3,322.4
Distribution networks	Indefinite	990.5		—			990.5
Other	Indefinite	15.5		—			15.5
Total		$	5,028.7	$	(442.7	)	$	4,586.0

Schedule of estimated amortization expense related to intangible assets

Based on foreign exchange rates as of September 29, 2012, the following is our estimated amortization expense related to intangible assets for the next five years:

	Amount
	(In millions)
2012 - remaining	$	11.9
2013	$	47.8
2014	$	39.9
2015	$	37.2
2016	$	37.2