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Goodwill and Other Intangible Assets
 12 Months Ended
Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Note 6: Goodwill and Other Intangible Assets
The following table summarizes the changes in our goodwill.
U.S. Retail
Pet Foods		U.S. Retail
Coffee		U.S. Retail
Consumer Foods		International
and Away
From Home		Total
Balance at May 1, 2021$2,368.2 $2,090.9 $1,147.5 $417.0 $6,023.6 
Other (A)
— — — (7.8)(7.8)
Balance at April 30, 2022$2,368.2 $2,090.9 $1,147.5 $409.2 $6,015.8 
Divestiture(788.0)— — (2.3)(790.3)
Other (A)
— — — (8.6)(8.6)
Balance at April 30, 2023 (B)
$1,580.2 $2,090.9 $1,147.5 $398.3 $5,216.9 
(A)The amounts classified as other represent foreign currency translation adjustments.
(B)Included in goodwill as of April 30, 2023, are accumulated goodwill impairment charges of $242.9.
The following table summarizes our other intangible assets and related accumulated amortization and impairment charges, including foreign currency translation adjustments.
  April 30, 2023April 30, 2022
  Acquisition
Cost		Accumulated
Amortization/
Impairment
Charges/
Foreign
Currency Translation		NetAcquisition
Cost		Accumulated
Amortization/
Impairment
Charges/
Foreign
Currency
Translation		Net 
Finite-lived intangible assets subject to
  amortization:
Customer and contractual relationships$3,499.0 $1,719.8 $1,779.2 $4,450.0 $1,724.8 $2,725.2 
Patents and technology167.6 161.6 6.0 167.6 155.0 12.6 
Trademarks151.4 111.6 39.8 661.7 354.1 307.6 
Total intangible assets subject to amortization$3,818.0 $1,993.0 $1,825.0 $5,279.3 $2,233.9 $3,045.4 
Indefinite-lived intangible assets not subject to amortization:
Trademarks$2,830.7 $226.4 $2,604.3 $2,833.1 $226.3 $2,606.8 
Total other intangible assets$6,648.7 $2,219.4 $4,429.3 $8,112.4 $2,460.2 $5,652.2 
The decrease in finite-lived intangible assets from April 30, 2022, includes the disposal of the Rachael Ray Nutrish, 9Lives, Kibbles 'n Bits, Nature's Recipe, and Gravy Train trademarks, as well as select customer and contractual relationships and licensing agreements during the fourth quarter of 2023. For additional information, see Note 3: Divestitures.

Amortization expense for finite-lived intangible assets was $205.9, $222.5, and $232.0 in 2023, 2022, and 2021, respectively. The weighted-average useful lives of the customer and contractual relationships, patents and technology, and trademarks are 24 years, 17 years, and 14 years, respectively. The weighted-average useful life of total finite-lived intangible assets is
24 years. Based on the carrying value of intangible assets subject to amortization at April 30, 2023, the estimated amortization expense is $156.2 for 2024, $153.2 for 2025, $151.5 for 2026, $150.9 for 2027, and $150.9 for 2028.

We review goodwill and other indefinite-lived intangible assets for impairment at least annually on February 1 and more often if indicators of impairment exist.

As of February 1, 2023, we completed the annual impairment review, in which goodwill impairment was tested at the reporting unit level for all of our reporting units with goodwill. As part of our annual evaluation, we did not recognize any impairment charges related to each of our reporting units and indefinite-lived intangible assets. The estimated fair value exceeded the carrying value by greater than 10 percent for all our reporting units and indefinite-lived intangible assets, with the exception of the Pet Foods reporting unit, for which its fair value exceeded its carrying value by approximately 7 percent.

Subsequent to the annual impairment review, on April 28, 2023, we divested certain pet food brands, and as a result, we disposed $790.3 of goodwill, primarily within the Pet Foods reporting unit. The amount of goodwill allocated to the disposal group was determined based on a relative fair value analysis. In addition, the impacted reporting units were re-assessed for impairment as of April 30, 2023, and we concluded there were no indicators of impairment, as the estimated fair values were in excess of the carrying values for all reporting units. Further, the estimated fair value exceeded the carrying value of the Pet Foods reporting unit by greater than 10 percent as of April 30, 2023. However, any significant adverse change in our near or long-term projections or macroeconomic conditions could result in future impairment charges. For additional information, see Goodwill and Other Intangible Assets in Note 1: Accounting Policies and Note 3: Divestitures.

In 2022, we recognized an impairment charge of $150.4 related to the divested Rachael Ray Nutrish brand within the U.S. Retail Pet Foods segment, primarily driven by the re-positioning of this brand within the Pet Foods brand portfolio, which led to a decline in the current and long-term net sales expectations and the royalty rate used in the valuation analysis. During 2021, we recognized an impairment charge of $3.8 related to an immaterial trademark within the U.S. Retail Consumer Foods segment. These charges were included as noncash charges in our Statements of Consolidated Income.