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:
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CPG |
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PCG |
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Consumer |
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SPG |
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(In thousands) |
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Segment |
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Segment |
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Segment |
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Segment |
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Total |
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Balance as of June 1, 2022 |
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$ |
453,651 |
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$ |
201,815 |
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$ |
515,597 |
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$ |
166,805 |
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$ |
1,337,868 |
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Acquisitions |
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7,306 |
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868 |
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16,952 |
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281 |
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25,407 |
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Divestitures |
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- |
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- |
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- |
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(15,723 |
) |
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(15,723 |
) |
Impairments |
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- |
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(36,745 |
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- |
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- |
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(36,745 |
) |
Translation adjustments & other |
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(10,402 |
) |
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(4,206 |
) |
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(1,322 |
) |
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(1,289 |
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(17,219 |
) |
Balance as of May 31, 2023 |
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450,555 |
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161,732 |
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531,227 |
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150,074 |
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1,293,588 |
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Acquisitions |
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11,993 |
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- |
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- |
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- |
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11,993 |
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Transfers |
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(11,414 |
) |
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11,414 |
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- |
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- |
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- |
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Translation adjustments & other |
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333 |
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670 |
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1,751 |
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576 |
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3,330 |
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Balance as of May 31, 2024 |
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$ |
451,467 |
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$ |
173,816 |
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$ |
532,978 |
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$ |
150,650 |
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$ |
1,308,911 |
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Other Intangible Assets Major Classes |
Other intangible assets consist of the following major classes:
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Gross |
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Net Other |
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Amortization |
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Carrying |
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Accumulated |
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Intangible |
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(In thousands) |
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Period (In Years) |
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Amount |
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Amortization |
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Assets |
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As of May 31, 2024 |
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Amortized intangible assets |
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Formulae |
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9 to 33 |
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$ |
238,671 |
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$ |
(200,846 |
) |
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$ |
37,825 |
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Customer-related intangibles |
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5 to 33 |
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508,398 |
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(302,783 |
) |
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205,615 |
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Trademarks/names |
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5 to 40 |
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35,476 |
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(24,848 |
) |
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10,628 |
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Other |
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3 to 30 |
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25,060 |
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(23,200 |
) |
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1,860 |
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Total Amortized Intangibles |
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807,605 |
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(551,677 |
) |
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255,928 |
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Indefinite-lived intangible assets |
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Trademarks/names |
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257,044 |
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- |
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257,044 |
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Total Other Intangible Assets |
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$ |
1,064,649 |
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$ |
(551,677 |
) |
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$ |
512,972 |
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As of May 31, 2023 |
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Amortized intangible assets |
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Formulae |
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9 to 33 |
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$ |
236,486 |
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$ |
(190,981 |
) |
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$ |
45,505 |
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Customer-related intangibles |
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5 to 33 |
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506,618 |
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(275,369 |
) |
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231,249 |
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Trademarks/names |
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5 to 40 |
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35,374 |
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(23,792 |
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11,582 |
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Other |
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3 to 30 |
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32,583 |
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(27,329 |
) |
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5,254 |
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Total Amortized Intangibles |
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811,061 |
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(517,471 |
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293,590 |
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Indefinite-lived intangible assets |
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Trademarks/names |
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261,401 |
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- |
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261,401 |
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Total Other Intangible Assets |
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$ |
1,072,462 |
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$ |
(517,471 |
) |
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$ |
554,991 |
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