Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

The following summarizes the change in goodwill for the three months endedMarch 31, 2017:

	U.S.		Canada		Europe		MCI		Consolidated
			(In millions)
Balance at December 31, 2016	$	6,415.6	$	567.6	$	1,260.5	$	6.4	$	8,250.1
Foreign currency translation	—		5.3		20.5		0.3		26.1
Balance at March 31, 2017	$	6,415.6	$	572.9	$	1,281.0	$	6.7	$	8,276.2

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of March 31, 2017:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	4,939.8	$	(341.5	)	$	4,598.3
License agreements and distribution rights	15 - 28	227.6		(92.5		)	135.1
Other	2 - 40	133.0		(29.7		)	103.3
Intangible assets not subject to amortization:
Brands	Indefinite	8,098.8		—			8,098.8
Distribution networks	Indefinite	759.6		—			759.6
Other	Indefinite	337.5		—			337.5
Total		$	14,496.3	$	(463.7	)	$	14,032.6

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2016:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	4,876.3	$	(288.2	)	$	4,588.1
License agreements and distribution rights	15 - 28	225.9		(89.4		)	136.5
Other	2 - 40	129.3		(26.4		)	102.9
Intangible assets not subject to amortization:
Brands	Indefinite	8,114.2		—			8,114.2
Distribution networks	Indefinite	752.6		—			752.6
Other	Indefinite	337.6		—			337.6
Total		$	14,435.9	$	(404.0	)	$	14,031.9

Schedule of future amortization expense

Based on foreign exchange rates as of March 31, 2017, and the preliminary allocation of fair value to definite-lived intangible assets, the estimated future amortization expense of intangible assets is as follows:

Fiscal year	Amount
	(In millions)
2017 - remaining	$	161.5
2018	$	214.4
2019	$	213.4
2020	$	212.4
2021	$	207.0