Goodwill and Other Intangible Assets

12 Months Ended

Apr. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following table shows the changes in goodwill (which include no accumulated impairment losses) and other intangible assets over the past two years: 

	Goodwill		Other Intangible Assets
Balance as of April 30, 2021	$	779	$	676
Foreign currency translation adjustment	(18)		(38)
Impairment	—		(52)
Balance as of April 30, 2022	761		586
Acquisitions (Note 12)	652		619
Foreign currency translation adjustment	44		55
Impairment	—		(96)
Balance as of April 30, 2023	$	1,457	$	1,164

Our other intangible assets consist of trademarks and brand names, all with indefinite useful lives.

During fiscal 2022, we recognized a non-cash impairment charge of $52 for the Finlandia brand name. The impairment reflected a decline in our long-term outlook for Finlandia due to our suspension of operations in Russia, a key market for the brand. During fiscal 2023, we recognized an additional non-cash impairment charge of $96 for the Finlandia brand name, largely reflecting the effects of higher discount rates and input costs on its valuation. The impairment charges are included in “other expense (income), net” in the accompanying consolidated statements of operations. As of April 30, 2023, the remaining carrying amount of the Finlandia brand name was $91.