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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill
The following summarizes the change in goodwill for the six months ended June 30, 2015:
 
Canada
 
Europe
 
MCI
 
Consolidated
 
(In millions)
Balance at December 31, 2014
$
656.5

 
$
1,528.0

 
$
7.1

 
$
2,191.6

Business acquisition(1)

 

 
11.6

 
11.6

Foreign currency translation
(45.8
)
 
(41.8
)
 
(0.3
)
 
(87.9
)
Balance at June 30, 2015
$
610.7

 
$
1,486.2

 
$
18.4

 
$
2,115.3


(1)
On April 1, 2015, we completed the acquisition of Mount Shivalik Breweries Ltd., a regional brewer in India. As part of the preliminary purchase price accounting, goodwill generated in conjunction with this acquisition has been recorded within our MCI segment beginning in the second quarter of 2015 and included within the India reporting unit of our MCI segment for purposes of our annual goodwill impairment testing.
Schedule of intangible assets excluding goodwill
The following table presents details of our intangible assets, other than goodwill, as of June 30, 2015:
 
Useful life
 
Gross
 
Accumulated
amortization
 
Net
 
(Years)
 
(In millions)
Intangible assets subject to amortization:
 
 
 
 
 
 
 
Brands
 3 - 40
 
$
467.9

 
$
(230.5
)
 
$
237.4

License agreements and distribution rights
 3 - 28
 
105.5

 
(94.0
)
 
11.5

Other
 2 - 8
 
31.9

 
(30.1
)
 
1.8

Intangible assets not subject to amortization:
 
 
 
 
 
 
 
Brands
 Indefinite
 
4,295.4

 

 
4,295.4

Distribution networks
 Indefinite
 
809.7

 

 
809.7

Other
 Indefinite
 
17.5

 

 
17.5

Total
 
 
$
5,727.9

 
$
(354.6
)
 
$
5,373.3


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