Intangible Assets, Net

6 Months Ended

Jun. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

The following table summarizes intangible assets, net as of June 27, 2020 and December 28, 2019:

	June 27, 2020						December 28, 2019
(in millions of U.S. dollars)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Intangible Assets
Not subject to amortization
Trademarks	$	449.8			$	449.8	$	287.1	$	—	$	287.1
Total intangible assets not subject to amortization	449.8		—		449.8		287.1		—		287.1
Subject to amortization
Customer relationships	773.5		289.9		483.6		534.9		267.4		267.5
Patents	19.2		5.2		14.0		15.2		4.0		11.2
Software	56.8		32.4		24.4		49.3		28.0		21.3
Other	14.3		5.4		8.9		14.9		5.0		9.9
Total intangible assets subject to amortization	863.8		332.9		530.9		614.3		304.4		309.9
Total intangible assets	$	1,313.6	$	332.9	$	980.7	$	901.4	$	304.4	$	597.0

Amortization expense of intangible assets was $16.0 million and $30.4 million for the three and six months ended June 27, 2020, respectively, and $14.6 million and $27.9 million for the three and six months ended June 29, 2019, respectively.

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

(in millions of U.S. dollars)
Remainder of 2020	$	31.1
2021	57.7
2022	52.8
2023	44.8
2024	37.2
Thereafter	307.3
Total	$	530.9