Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May. 31, 2015

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, 2015 and 2014, are as follows:

(In thousands)	Industrial Segment			Consumer Segment			Total
Balance as of June 1, 2013	$	564,818		$	549,013		$	1,113,831
Acquisitions		3,147			18,149			21,296
Translation adjustments		4,193			8,054			12,247
Balance as of May 31, 2014		572,158			575,216			1,147,374
Acquisitions		17,043			10,790			27,833
SPHC reconsolidation		118,713						118,713
Translation adjustments		(65,279	)		(12,953	)		(78,232	)
Balance as of May 31, 2015	$	642,635		$	573,053		$	1,215,688

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, 2015
Amortized intangible assets
Formulae		3 to 33	$	229,721	$	131,031	$	98,690
Customer-related intangibles		3 to 33		324,867		91,104		233,763
Trademarks/names		3 to 40		33,985		14,550		19,435
Other		2 to 40		46,789		25,817		20,972
Total Amortized Intangibles				635,362		262,502		372,860
Indefinite-lived intangible assets
Trademarks/names				231,270				231,270
Total Other Intangible Assets			$	866,632	$	262,502	$	604,130
As of May 31, 2014
Amortized intangible assets
Formulae		3 to 33	$	226,200	$	124,413	$	101,787
Customer-related intangibles		3 to 33		201,968		80,667		121,301
Trademarks/names		3 to 40		33,219		15,435		17,784
Other		2 to 40		57,476		30,329		27,147
Total Amortized Intangibles				518,863		250,844		268,019
Indefinite-lived intangible assets
Trademarks/names				191,517				191,517
Total Other Intangible Assets			$	710,380	$	250,844	$	459,536