MCCORMICK & CO INC | 2013 | FY | 3

GOODWILL AND INTANGIBLE ASSETS
The following table displays intangible assets as of November 30, 2013 and 2012:
  
2013
2012
(millions)
Gross
carrying
amount
Accumulated
amortization
Gross
carrying
amount
Accumulated
amortization
Finite-lived intangible assets
$
93.9

$
30.2

$
80.9

$
25.0

Indefinite-lived intangible assets:
 
 
 
 
Goodwill
1,798.5

 
1,695.3

 
Brand names and trademarks
269.7

 
267.6

 
 
2,068.2

 

1,962.9

 

Total goodwill and intangible assets
$
2,162.1

$
30.2

$
2,043.8

$
25.0


Intangible asset amortization expense was $5.2 million, $4.3 million and $3.3 million for 2013, 2012 and 2011, respectively. At November 30, 2013, finite-lived intangible assets had a weighted-average remaining life of approximately 14 years.
The changes in the carrying amount of goodwill by segment for the years ended November 30, 2013 and 2012 were as follows:
  
2013
2012
(millions)
Consumer

Industrial
Consumer

Industrial
Beginning of year
$
1,551.0

$
144.3

$
1,550.7

$
143.5

Changes in purchase price allocation
—

—

26.2

—

Goodwill acquired
77.9

—

—

—

Foreign currency fluctuations and other
25.8

(0.5
)
(25.9
)
0.8

End of year
$
1,654.7

$
143.8

$
1,551.0

$
144.3

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