Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Nov. 30, 2023

Summary of Goodwill by Business Segment

The following table summarizes goodwill by reportable segment:

	Food Safety		Animal Safety		Total
May 31, 2023	$	2,056,161	$	81,335	$	2,137,496
Acquisitions(1)		250		—		250
Foreign currency translation and other		181		56		237
November 30, 2023	$	2,056,592	$	81,391	$	2,137,983

(1)Represents measurement period adjustments relating to our 3M FSD and Corvium acquisitions.

Summary of Amortizable of Intangible Assets

Amortizable intangible assets consisted of the following and are included in customer-based intangibles and other non-current assets within the condensed consolidated balance sheets:

	Gross Carrying Amount		Less Accumulated Amortization		Net Carrying Amount
Licenses	$	20,624	$	7,585	$	13,039
Covenants not to compete		490		421		69
Patents		7,988		4,149		3,839
Customer relationships		1,247,000		109,660		1,137,340
Trade names and trademarks		122,992		7,296		115,696
Developed technology		307,577		30,741		276,836
Other product and service-related intangibles		23,894		5,969		17,925
November 30, 2023	$	1,730,565	$	165,821	$	1,564,744
Licenses	$	16,010	$	6,763	$	9,247
Covenants not to compete		488		384		104
Patents		8,499		4,865		3,634
Customer relationships		1,244,635		81,577		1,163,058
Trade names and trademarks		111,172		3,583		107,589
Developed technology		309,609		20,175		289,434
Other product and service-related intangibles		23,628		5,907		17,721
May 31, 2023	$	1,714,041	$	123,254	$	1,590,787