Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 24, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in goodwill

The following summarizes the change in goodwill for the first three quarters of 2011 (in millions):

Balance at December 25, 2010	$	1,489.1
Business acquisitions	19.3
Foreign currency translation	(15.0		)
Historical correction to adjust Properties, net	6.3
Balance at September 24, 2011	$	1,499.7

Schedule of goodwill by segment

Goodwill was attributed to our segments as follows:

	As of
	September 24, 2011		December 25, 2010
	(In millions)
Canada	$	740.3	$	748.6
United Kingdom	741.6		731.4
MCI	17.8		9.1
Consolidated	$	1,499.7	$	1,489.1

Schedule of intangible assets excluding goodwill

The following table presents details of our intangible assets, other than goodwill, as of September 24, 2011:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	3 - 40	$	315.0	$	(172.6	)	$	142.4
Distribution rights	2 - 23	339.7		(228.6		)	111.1
Patents and technology and distribution channels	3 - 10	34.7		(28.0		)	6.7
Land use rights and other	2 - 42	6.4		(0.7		)	5.7
Intangible assets not subject to amortization:
Brands	Indefinite	3,300.6		—			3,300.6
Distribution networks	Indefinite	984.0		—			984.0
Other	Indefinite	15.5		—			15.5
Total		$	4,995.9	$	(429.9	)	$	4,566.0

The following table presents details of our intangible assets, other than goodwill, as of December 25, 2010:

	Useful life	Gross		Accumulated amortization			Net
	(Years)	(In millions)
Intangible assets subject to amortization:
Brands	3 - 40	$	297.3	$	(159.6	)	$	137.7
Distribution rights	2 - 23	345.8		(221.6		)	124.2
Patents and technology and distribution channels	3 - 10	34.6		(25.5		)	9.1
Land use rights and other	2 - 42	6.2		(0.1		)	6.1
Intangible assets not subject to amortization:
Brands	Indefinite	3,359.2		—			3,359.2
Distribution networks	Indefinite	1,003.3		—			1,003.3
Other	Indefinite	15.5		—			15.5
Total		$	5,061.9	$	(406.8	)	$	4,655.1

Schedule of estimated amortization expense related to intangible assets

Based on foreign exchange rates as of September 24, 2011, the following is our estimated amortization expense related to intangible assets for the next five years:

		Amount
		(In millions)
2011	- remaining	$	9.9
2012		$	34.6
2013		$	33.7
2014		$	33.6
2015		$	31.1