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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of changes in goodwill
The following summarizes the changes in goodwill:
 
Canada
 
Europe
 
MCI
 
Consolidated
 
(In millions)
Balance at December 29, 2012
$
764.0

 
$
1,680.9

 
$
8.2

 
$
2,453.1

Foreign currency translation
(45.8
)
 
27.7

 
(0.9
)
 
(19.0
)
Purchase price adjustment(1)

 
(15.4
)
 

 
(15.4
)
Balance at December 31, 2013
718.2

 
1,693.2

 
7.3

 
2,418.7

Foreign currency translation
(61.7
)
 
(165.2
)
 
(0.2
)
 
(227.1
)
Balance at December 31, 2014
$
656.5

 
$
1,528.0

 
$
7.1

 
$
2,191.6


(1)
On June 15, 2012, we completed the Acquisition of StarBev. During the second quarter of 2013, we finalized purchase accounting related to the Acquisition with a resulting reduction to Europe goodwill in the first half of 2013 of $15.4 million. We assigned the majority of the goodwill resulting from the Acquisition to our Europe reporting unit with a portion allocated to the Canada reporting unit resulting from synergies. The allocation of goodwill to our Canada reporting unit was not impacted by the changes made in the first half of 2013. 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 December 31, 2014:
 
Useful life
 
Gross
 
Accumulated
amortization
 
Net
 
(Years)
 
(In millions)
Intangible assets subject to amortization:
 
 
 
 
 
 
 
Brands
3 - 40
 
$
483.5

 
$
(229.1
)
 
$
254.4

License agreements and distribution rights
3 - 28
 
122.0

 
(101.1
)
 
20.9

Other
2 - 8
 
31.7

 
(29.4
)
 
2.3

Intangible assets not subject to amortization:
 
 
 
 
 
 
 
Brands
Indefinite
 
4,590.2

 

 
4,590.2

Distribution networks
Indefinite
 
870.5

 

 
870.5

Other
Indefinite
 
17.5

 

 
17.5

Total
 
 
$
6,115.4

 
$
(359.6
)
 
$
5,755.8

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2013:
 
Useful life
 
Gross
 
Accumulated
amortization
 
Net
 
(Years)
 
(In millions)
Intangible assets subject to amortization:
 
 
 
 
 
 
 
Brands
3 - 40
 
$
537.5

 
$
(224.7
)
 
$
312.8

License agreements and distribution rights
2 - 23
 
314.1

 
(255.0
)
 
59.1

Other
2 - 42
 
37.4

 
(34.0
)
 
3.4

Intangible assets not subject to amortization:
 
 
 
 
 
 
 
Brands
Indefinite
 
5,482.3

 

 
5,482.3

Distribution networks
Indefinite
 
952.3

 

 
952.3

Other
Indefinite
 
15.2

 

 
15.2

Total
 
 
$
7,338.8

 
$
(513.7
)
 
$
6,825.1

Schedule of estimated amortization expense related to intangible assets
Based on foreign exchange rates as of December 31, 2014, the estimated future amortization expense of intangible assets is as follows:
Year
 
Amount
 
 
(In millions)
2015
 
$
27.1

2016
 
$
25.0

2017
 
$
12.8

2018
 
$
11.1

2019
 
$
11.1