Intangible Assets, Net

12 Months Ended

Jan. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

The following table summarizes intangible assets, net as of January 1, 2022 and January 2, 2021:

	January 1, 2022						January 2, 2021
(in millions of U.S. dollars)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Intangible Assets
Not subject to amortization
Trademarks	$	459.2	$	—	$	459.2	$	455.5	$	—	$	455.5
Intellectual Property	0.7		—		0.7		—		—		—
Total intangible assets not subject to amortization	$	459.9	$	—	$	459.9	$	455.5	$	—	$	455.5
Subject to amortization
Customer relationships	831.4		368.7		462.7		809.5		324.3		485.2
Patents	19.2		8.7		10.5		19.2		6.4		12.8
Software	72.2		48.5		23.7		62.5		38.2		24.3
Other	20.4		7.4		13.0		15.9		6.1		9.8
Total intangible assets subject to amortization	$	943.2	$	433.3	$	509.9	$	907.1	$	375.0	$	532.1
Total intangible assets	$	1,403.1	$	433.3	$	969.8	$	1,362.6	$	375.0	$	987.6

Amortization expense of intangible assets was $63.6 million during 2021 (2020 - $63.3 million; 2019 - $56.5 million).

The estimated amortization expense for intangible assets subject to amortization over the next five years is:

(in millions of U.S. dollars)
2022	$	64.0
2023	53.4
2024	47.2
2025	38.2
2026	37.5
Thereafter	269.6
Total	$	509.9