Goodwill

6 Months Ended

May 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

GOODWILL

The changes in the carrying amount of goodwill by business segment for the six months ended May 31, 2021 are as follows (in millions):

	2021
	Consumer		Flavor Solutions
Beginning of the year	$	3,711.2	$	1,275.1
Increases in goodwill from acquisition	—		389.6
Changes in preliminary purchase price allocation	0.6		0.3
Foreign currency fluctuations	40.2		11.8
Balance as of the end of period	$	3,752.0	$	1,676.8

During the six months ended May 31, 2021, a preliminary valuation of the net assets of FONA acquired in December 2020, resulted in the assignment of $389.6 million of goodwill to the flavor solutions segment. During the six months ended May 31, 2021, we have made changes in the preliminary allocation of the purchase price of Cholula which resulted in an increase in goodwill of $0.6 million to the consumer segment and $0.3 million to the flavor solutions segment.