Intangible Assets, Net

9 Months Ended

Sep. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

The following table summarizes intangible assets, net as of September 28, 2019 and December 29, 2018:

	September 28, 2019						December 29, 2018
(in millions of U.S. dollars)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Intangible Assets
Not subject to amortization
Trademarks	$	285.0	$	—	$	285.0	$	282.3	$	—	$	282.3
Rights	—		—		—		24.5		—		24.5
Total intangible assets not subject to amortization	285.0		—		285.0		306.8		—		306.8
Subject to amortization
Customer relationships	616.4		250.1		366.3		603.1		211.1		392.0
Patents	15.2		3.7		11.5		15.2		2.5		12.7
Software	49.0		24.7		24.3		38.0		20.5		17.5
Other	16.9		7.6		9.3		16.6		6.4		10.2
Total intangible assets subject to amortization	697.5		286.1		411.4		672.9		240.5		432.4
Total intangible assets	$	982.5	$	286.1	$	696.4	$	979.7	$	240.5	$	739.2

Amortization expense of intangible assets was $16.3 million and $48.4 million for the three and nine months ended September 28, 2019, respectively, and $18.4 million and $52.9 million for the three and nine months ended September 29, 2018, respectively.

The estimated amortization expense for intangible assets over the next five years and thereafter is:

(in millions of U.S. dollars)
Remainder of 2019	$	19.3
2020	63.4
2021	54.8
2022	46.1
2023	36.1
Thereafter	191.7
Total	$	411.4