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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
May 31, 2020
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, 2020 and 2019, are as follows:

 

 

 

CPG

 

 

PCG

 

 

Consumer

 

 

SPG

 

 

 

 

 

(In thousands)

 

Segment

 

 

Segment

 

 

Segment

 

 

Segment

 

 

Total

 

Balance as of June 1, 2018

 

$

372,033

 

 

$

186,775

 

 

$

477,718

 

 

$

155,648

 

 

$

1,192,174

 

Acquisitions

 

 

47,151

 

 

 

4,314

 

 

 

25,994

 

 

 

 

 

 

 

77,459

 

Translation adjustments & other

 

 

(11,755

)

 

 

(5,830

)

 

 

(4,325

)

 

 

(1,961

)

 

 

(23,871

)

Balance as of May 31, 2019

 

 

407,429

 

 

 

185,259

 

 

 

499,387

 

 

 

153,687

 

 

 

1,245,762

 

Acquisitions

 

 

14,689

 

 

 

3,023

 

 

 

 

 

 

 

10,352

 

 

 

28,064

 

Translation adjustments & other (1)

 

 

(16,764

)

 

 

(2,878

)

 

 

(3,169

)

 

 

(949

)

 

 

(23,760

)

Balance as of May 31, 2020

 

$

405,354

 

 

$

185,404

 

 

$

496,218

 

 

$

163,090

 

 

$

1,250,066

 

 

(1)

Activity includes a $2.3 million decrease to goodwill within our Consumer segment related to adjustments to preliminary purchase price allocations, primarily due to deferred tax adjustments.  

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, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

9 to 33

 

$

230,621

 

 

$

(160,771

)

 

$

69,850

 

Customer-related intangibles

 

5 to 33

 

 

439,153

 

 

 

(197,752

)

 

 

241,401

 

Trademarks/names

 

5 to 40

 

 

30,700

 

 

 

(17,224

)

 

 

13,476

 

Other

 

1 to 33

 

 

32,224

 

 

 

(23,281

)

 

 

8,943

 

Total Amortized Intangibles

 

 

 

 

732,698

 

 

 

(399,028

)

 

 

333,670

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

250,710

 

 

 

 

 

 

 

250,710

 

Total Other Intangible Assets

 

 

 

$

983,408

 

 

$

(399,028

)

 

$

584,380

 

As of May 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Formulae

 

9 to 33

 

$

227,208

 

 

$

(150,091

)

 

$

77,117

 

Customer-related intangibles

 

5 to 33

 

 

413,475

 

 

 

(172,238

)

 

 

241,237

 

Trademarks/names

 

5 to 40

 

 

32,998

 

 

 

(16,867

)

 

 

16,131

 

Other

 

1 to 33

 

 

36,709

 

 

 

(26,599

)

 

 

10,110

 

Total Amortized Intangibles

 

 

 

 

710,390

 

 

 

(365,795

)

 

 

344,595

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks/names

 

 

 

 

256,487

 

 

 

 

 

 

 

256,487

 

Total Other Intangible Assets

 

 

 

$

966,877

 

 

$

(365,795

)

 

$

601,082