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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
May 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill, by Reportable Segment

The changes in the carrying amount of goodwill, by reportable segment, for the years ended May 31, 2024 and 2023, are as follows:

 

 

CPG

 

 

PCG

 

 

Consumer

 

 

SPG

 

 

 

 

(In thousands)

 

Segment

 

 

Segment

 

 

Segment

 

 

Segment

 

 

Total

 

Balance as of June 1, 2022

 

$

453,651

 

 

$

201,815

 

 

$

515,597

 

 

$

166,805

 

 

$

1,337,868

 

Acquisitions

 

 

7,306

 

 

 

868

 

 

 

16,952

 

 

 

281

 

 

 

25,407

 

Divestitures

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(15,723

)

 

 

(15,723

)

Impairments

 

 

-

 

 

 

(36,745

)

 

 

-

 

 

 

-

 

 

 

(36,745

)

Translation adjustments & other

 

 

(10,402

)

 

 

(4,206

)

 

 

(1,322

)

 

 

(1,289

)

 

 

(17,219

)

Balance as of May 31, 2023

 

 

450,555

 

 

 

161,732

 

 

 

531,227

 

 

 

150,074

 

 

 

1,293,588

 

Acquisitions

 

 

11,993

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

11,993

 

Transfers

 

 

(11,414

)

 

 

11,414

 

 

 

-

 

 

 

-

 

 

 

-

 

Translation adjustments & other

 

 

333

 

 

 

670

 

 

 

1,751

 

 

 

576

 

 

 

3,330

 

Balance as of May 31, 2024

 

$

451,467

 

 

$

173,816

 

 

$

532,978

 

 

$

150,650

 

 

$

1,308,911

 

Other Intangible Assets Major Classes

Other intangible assets consist of the following major classes:

 

 

 

 

Gross

 

 

 

 

 

Net Other

 

 

 

Amortization

 

Carrying

 

 

Accumulated

 

 

Intangible

 

(In thousands)

 

Period (In Years)

 

Amount

 

 

Amortization

 

 

Assets

 

As of May 31, 2024

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

9 to 33

 

$

238,671

 

 

$

(200,846

)

 

$

37,825

 

Customer-related intangibles

 

5 to 33

 

 

508,398

 

 

 

(302,783

)

 

 

205,615

 

Trademarks/names

 

5 to 40

 

 

35,476

 

 

 

(24,848

)

 

 

10,628

 

Other

 

3 to 30

 

 

25,060

 

 

 

(23,200

)

 

 

1,860

 

Total Amortized Intangibles

 

 

 

 

807,605

 

 

 

(551,677

)

 

 

255,928

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

257,044

 

 

 

-

 

 

 

257,044

 

Total Other Intangible Assets

 

 

 

$

1,064,649

 

 

$

(551,677

)

 

$

512,972

 

As of May 31, 2023

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

9 to 33

 

$

236,486

 

 

$

(190,981

)

 

$

45,505

 

Customer-related intangibles

 

5 to 33

 

 

506,618

 

 

 

(275,369

)

 

 

231,249

 

Trademarks/names

 

5 to 40

 

 

35,374

 

 

 

(23,792

)

 

 

11,582

 

Other

 

3 to 30

 

 

32,583

 

 

 

(27,329

)

 

 

5,254

 

Total Amortized Intangibles

 

 

 

 

811,061

 

 

 

(517,471

)

 

 

293,590

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

261,401

 

 

 

-

 

 

 

261,401

 

Total Other Intangible Assets

 

 

 

$

1,072,462

 

 

$

(517,471

)

 

$

554,991