v3.25.2
Goodwill And Other Intangible Assets
 3 Months Ended
Aug. 24, 2025
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
Aug. 24, 2025
May 25, 2025
Goodwill
$
15,660.2
$
15,622.4
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles
6,827.2
6,816.7
Intangible assets subject to amortization:
Customer relationships and other finite-lived intangibles
421.9
420.9
Less accumulated amortization
(161.8)
(156.2)
Intangible assets subject to amortization, net
260.1
264.7
Other intangible assets
7,087.3
7,081.4
Total
$
22,747.5
$
22,703.8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
North
America
Retail
North
America
Pet
North
America
Foodservice
International
(a)
Corporate and
Joint Ventures
Total
Balance as of May 25, 2025
$
6,323.5
$
7,149.5
$
755.5
$
951.7
$
442.2
$
15,622.4
Other activity, primarily
 
 
foreign currency translation
(0.7)
-
(0.1)
25.6
13.0
37.8
Balance as of Aug. 24, 2025
$
6,322.8
$
7,149.5
$
755.4
$
977.3
$
455.2
$
15,660.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
Total
Balance as of May 25, 2025
$
7,081.4
Other activity, primarily
 
foreign currency translation and amortization
5.9
Balance as of Aug. 24, 2025
$
7,087.3
 
(4) Goodwill and Other Intangible Assets
The components of goodwill and other intangible assets are as follows:
Based on
 
the carrying
 
value of
 
finite-lived intangible
 
assets as
 
of August
 
24, 2025,
 
annual amortization
 
expense for
 
each of
 
the next
five fiscal years is estimated to be approximately $
20
 
million.
The changes in the carrying amount of goodwill during the first quarter of fiscal 2026
 
were as follows:
The changes in the carrying amount of other intangible assets during the first quarter
 
of fiscal 2026 were as follows:
Our
 
annual
 
goodwill
 
and
 
indefinite-lived
 
intangible
 
assets
 
impairment
 
test
 
was
 
performed
 
on
 
the
 
first
 
day
 
of
 
the
 
second
 
quarter
 
of
fiscal
 
2025,
 
and
 
we
 
determined
 
there
 
was
no
 
impairment
 
of
 
our
 
intangible
 
assets
 
as
 
their
 
related
 
fair
 
values
 
were
 
substantially
 
in
excess of the
 
carrying values,
 
except for
 
the
Uncle Toby’s
 
brand intangible
 
asset. In addition,
 
while having
 
significant coverage
 
as of
our
 
fiscal
 
2025
 
assessment
 
date,
 
the
Progresso
,
Nudges
,
True
 
Chews
,
 
and
Kitano
 
brand
 
intangible
 
assets
 
had
 
risk
 
of
 
decreasing
coverage. We will continue
 
to monitor these businesses for potential impairment.
 
 
(a)
The carrying amounts of goodwill within the International segment as of
 
May 25, 2025, and August 24, 2025, were net of
accumulated impairment losses of $
117.1
 
million. For additional information, see Note 6 to the Consolidated Financial
Statements included in our Annual Report on Form 10-K for the fiscal year
 
ended May 25, 2025.