| 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, 2025 and 2024, are as follows:
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CPG |
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PCG |
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Consumer |
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SPG |
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(In thousands) |
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Segment |
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Segment |
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Segment |
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Segment |
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Total |
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Balance as of June 1, 2023 |
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$ |
450,555 |
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$ |
161,732 |
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$ |
531,227 |
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$ |
150,074 |
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$ |
1,293,588 |
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Acquisitions |
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11,993 |
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- |
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- |
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- |
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11,993 |
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Transfers |
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(11,414 |
) |
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11,414 |
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- |
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- |
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- |
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Translation adjustments & other |
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333 |
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670 |
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1,751 |
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576 |
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3,330 |
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Balance as of May 31, 2024 |
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451,467 |
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173,816 |
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532,978 |
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150,650 |
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1,308,911 |
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Acquisitions |
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28,925 |
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46,091 |
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229,787 |
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1,222 |
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306,025 |
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Impairments |
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- |
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- |
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- |
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(11,352 |
) |
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(11,352 |
) |
Translation adjustments & other |
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4,563 |
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3,766 |
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5,314 |
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399 |
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14,042 |
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Balance as of May 31, 2025 |
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$ |
484,955 |
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$ |
223,673 |
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$ |
768,079 |
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$ |
140,919 |
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$ |
1,617,626 |
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| Other Intangible Assets Major Classes |
Other intangible assets consist of the following major classes:
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Gross |
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Net Other |
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Amortization |
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Carrying |
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Accumulated |
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Intangible |
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(In thousands) |
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Period (In Years) |
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Amount |
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Amortization |
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Assets |
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As of May 31, 2025 |
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Amortized intangible assets |
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Formulae |
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9 to 33 |
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$ |
239,208 |
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$ |
(207,934 |
) |
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$ |
31,274 |
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Customer-related intangibles |
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5 to 33 |
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724,297 |
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(339,492 |
) |
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384,805 |
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Trademarks/names |
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5 to 40 |
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33,669 |
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(24,129 |
) |
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9,540 |
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Other |
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3 to 30 |
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25,079 |
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(23,498 |
) |
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1,581 |
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Total Amortized Intangibles |
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1,022,253 |
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(595,053 |
) |
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427,200 |
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Indefinite-lived intangible assets |
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Trademarks/names |
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353,626 |
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- |
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353,626 |
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Total Other Intangible Assets |
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$ |
1,375,879 |
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$ |
(595,053 |
) |
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$ |
780,826 |
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As of May 31, 2024 |
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Amortized intangible assets |
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Formulae |
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9 to 33 |
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$ |
238,671 |
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$ |
(200,846 |
) |
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$ |
37,825 |
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Customer-related intangibles |
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5 to 33 |
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508,398 |
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(302,783 |
) |
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205,615 |
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Trademarks/names |
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5 to 40 |
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35,476 |
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(24,848 |
) |
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10,628 |
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Other |
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3 to 30 |
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25,060 |
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(23,200 |
) |
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1,860 |
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Total Amortized Intangibles |
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807,605 |
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(551,677 |
) |
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255,928 |
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Indefinite-lived intangible assets |
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Trademarks/names |
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257,044 |
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- |
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257,044 |
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Total Other Intangible Assets |
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$ |
1,064,649 |
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$ |
(551,677 |
) |
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$ |
512,972 |
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