Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2023

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, 2023 and 2022, are as follows:

	CPG			PCG			Consumer			SPG
(In thousands)	Segment			Segment			Segment			Segment			Total
Balance as of June 1, 2021	$	443,515		$	207,038		$	525,230		$	169,971		$	1,345,754
Acquisitions		24,539			5,342			-			866			30,747
Translation adjustments & other		(14,403	)		(10,565	)		(9,633	)		(4,032	)		(38,633	)
Balance as of May 31, 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

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, 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
As of May 31, 2022
Amortized intangible assets
Formulae	9 to 33	$	234,366	$	(181,983	)	$	52,383
Customer-related intangibles	5 to 33		508,143		(257,219	)		250,924
Trademarks/names	5 to 40		35,957		(21,588	)		14,369
Other	3 to 30		33,331		(26,831	)		6,500
Total Amortized Intangibles			811,797		(487,621	)		324,176
Indefinite-lived intangible assets
Trademarks/names			268,085		-			268,085
Total Other Intangible Assets		$	1,079,882	$	(487,621	)	$	592,261