GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

May 31, 2012

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, 2012 and 2011, are as follows:

(In thousands)	Industrial Segment			Consumer Segment			Total
Balance as of June 1, 2010	$	392,850		$	375,394		$	768,244
Acquisitions		16,265						16,265
Purchase accounting adjustments(1)		1,586						1,586
Translation adjustments		35,055			10,339			45,394
Balance as of May 31, 2011		445,756			385,733			831,489
Acquisitions		50,233			4,944			55,177
Translation adjustments		(30,098	)		(7,222	)		(37,320	)
Balance as of May 31, 2012	$	465,891		$	383,455		$	849,346

(1) Relates primarily to other accruals and finalization of certain property, plant and equipment and intangibles valuations; and current year adjustments to purchase price contingencies.

Other Intangible Assets Major Classes

Other intangible assets consist of the following major classes:

(In thousands)	Amortization Period (In Years)		Gross Carrying Amount		Accumulated Amortization		Net Other Intangible Assets
As of May 31, 2012
Amortized intangible assets
Formulae		3 to 33	$	174,190	$	103,414	$	70,776
Customer-related intangibles		3 to 33		139,824		52,616		87,208
Trademarks/names		4 to 40		26,050		11,192		14,858
Other		1 to 40		49,373		25,526		23,847
Total Amortized Intangibles				389,437		192,748		196,689
Indefinite-lived intangible assets
Trademarks/names				148,931				148,931
Total Other Intangible Assets			$	538,368	$	192,748	$	345,620
As of May 31, 2011
Amortized intangible assets
Formulae		3 to 33	$	172,536	$	97,185	$	75,351
Customer-related intangibles		3 to 33		115,810		45,696		70,114
Trademarks/names		4 to 40		27,961		10,591		17,370
Other		1 to 40		44,910		23,784		21,126
Total Amortized Intangibles				361,217		177,256		183,961
Indefinite-lived intangible assets
Trademarks/names				128,906				128,906
Total Other Intangible Assets			$	490,123	$	177,256	$	312,867