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68 Starbucks Corporation 2014 Form 10-K
Goodwill
Changes in the carrying amount of goodwill by reportable operating segment (in millions):
Americas EMEA China /
Asia Pacific Channel
Development All Other
Segments Total
Balance at September 30, 2012
Goodwill prior to impairment $ 235.9 $ 60.0 $ 75.3 $ 23.8 $ 12.7 $ 407.7
Accumulated impairment charges (8.6) — — — — (8.6)
Goodwill $ 227.3 $ 60.0 $ 75.3 $ 23.8 $ 12.7 $ 399.1
Acquisitions/(divestitures) (3.7) — — — 467.5 463.8
Other(1) (2.0) 2.2 (0.2) — — —
Balance at September 29, 2013
Goodwill prior to impairment $ 230.2 $ 62.2 $ 75.1 $ 23.8 $ 480.2 $ 871.5
Accumulated impairment charges (8.6) — — — — (8.6)
Goodwill $ 221.6 $ 62.2 $ 75.1 $ 23.8 $ 480.2 $ 862.9
Impairment — — — — (0.8)(0.8)
Other(1) (2.6) (3.1)(0.2) — — (5.9)
Balance at September 28, 2014
Goodwill prior to impairment $ 227.6 $ 59.1 $ 74.9 $ 23.8 $ 480.2 $ 865.6
Accumulated impairment charges (8.6) — — — (0.8)(9.4)
Goodwill $ 219.0 $ 59.1 $ 74.9 $ 23.8 $ 479.4 $ 856.2
(1) Other is primarily comprised of changes in the goodwill balance as a result of foreign exchange fluctuations.
Definite-Lived Intangible Assets
Sep 28, 2014 Sep 29, 2013
(in millions)
Gross
Carrying
Amount Accumulated
Amortization Net Carrying
Amount
Gross
Carrying
Amount Accumulated
Amortization Net Carrying
Amount
Acquired rights $ 36.8 $ (10.1) $ 26.7 $ 38.8 $ (7.1) $ 31.7
Acquired trade secrets and processes 27.6 (5.4) 22.2 27.6 (2.7) 24.9
Trade names, trademarks and patents 21.6 (11.6) 10.0 19.5 (9.8) 9.7
Other definite-lived intangible assets 3.8 (1.8) 2.0 3.8 (0.9) 2.9
Total definite-lived intangible assets $ 89.8 $ (28.9) $ 60.9 $ 89.7 $ (20.5) $ 69.2
Amortization expense for definite-lived intangible assets was $8.7 million, $7.7 million, and $4.5 million during fiscal 2014,
2013, and 2012, respectively.
Estimated future amortization expense as of September 28, 2014 (in millions):
Fiscal Year Ending
2015 $ 9.3
2016 8.7
2017 8.4
2018 6.8
2019 6.5
Thereafter 21.2
Total estimated future amortization expense $ 60.9