Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Feb. 29, 2024

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		(1,309	)		(99	)		(1,408	)
February 29, 2024	$	2,055,102		$	81,236		$	2,136,338

(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	$	8,147	$	12,477
Covenants not to compete		486		429		57
Patents		7,988		4,244		3,744
Customer relationships		1,245,545		125,123		1,120,422
Trade names and trademarks		122,974		9,060		113,914
Developed technology		307,511		35,994		271,517
Other product and service-related intangibles		23,907		6,294		17,613
February 29, 2024	$	1,729,035	$	189,291	$	1,539,744
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