Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]


	Americas(1)		EMEA&APAC(1)(2)		Consolidated
Changes in Goodwill	(In millions)
Balance as of December 31, 2019	$	6,146.6	$	1,484.8	$	7,631.4
Impairments	—		(1,484.3)		(1,484.3)
Foreign currency translation	4.4		(0.5)		3.9
Balance as of December 31, 2020	$	6,151.0	$	—	$	6,151.0



Foreign currency translation	1.6		—		1.6
Balance as of December 31, 2021	$	6,152.6	$	—	$	6,152.6

(1) On January 1, 2020, we changed our management structure from four segments and a corporate center to two reportable segments. Under this new structure we have two reporting units, Americas and EMEA&APAC.

(2) During 2020, we recognized a goodwill impairment charge of $1,484.3 million to the EMEA&APAC reporting unit recorded in special items, net, in the consolidated statements of operations as a result of continued challenges and declines within the European beer industry brought on by the extended impacts of the continued duration of the global coronavirus pandemic and related outlook of recovery. As of the year ended December 31, 2020, the EMEA&APAC reporting unit was fully impaired.

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2021:


	Useful life	Gross		Accumulated amortization		Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	5,081.8	$	(1,267.1)	$	3,814.7
License agreements and distribution rights	15 - 20	206.8		(107.2)		99.6
Other	3 - 40	98.5		(32.0)		66.5
Intangible assets not subject to amortization:
Brands	Indefinite	8,197.9		—		8,197.9
Distribution networks	Indefinite	800.5		—		800.5
Other	Indefinite	307.6		—		307.6
Total		$	14,693.1	$	(1,406.3)	$	13,286.8

The following table presents details of our intangible assets, other than goodwill, as of December 31, 2020:


	Useful life	Gross		Accumulated amortization		Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	10 - 50	$	5,128.4	$	(1,070.6)	$	4,057.8
License agreements and distribution rights	15 - 20	206.8		(99.5)		107.3
Other	3 - 40	109.1		(36.4)		72.7
Intangible assets not subject to amortization:
Brands	Indefinite	8,215.7		—		8,215.7
Distribution networks	Indefinite	795.0		—		795.0
Other	Indefinite	307.6		—		307.6
Total		$	14,762.6	$	(1,206.5)	$	13,556.1

Schedule of estimated amortization expense related to intangible assets

Based on foreign exchange rates as of December 31, 2021, the estimated future amortization expense of intangible assets is as follows:


Year	Amount
	(In millions)
2022	$	211.1
2023	$	210.1
2024	$	208.8
2025	$	208.7
2026	$	190.2