v3.26.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
May 31, 2026
Disclosure of Goodwill and Other Intangible Assets [Abstract]  
Summary of Goodwill by Reportable Segment

The following table summarizes goodwill by reportable segment:

 

 

 

Food Safety

 

 

Animal Safety

 

 

Total

 

Balance, May 31, 2024

 

$

2,054.2

 

 

$

81.4

 

 

$

2,135.6

 

Impairment

 

 

(1,045.3

)

 

 

(13.1

)

 

 

(1,058.4

)

Foreign currency translation and other (1)

 

 

(12.0

)

 

 

(0.3

)

 

 

(12.3

)

Balance, May 31, 2025

 

$

996.9

 

 

$

68.0

 

 

$

1,064.9

 

Foreign currency translation and other (1)

 

 

5.2

 

 

 

(22.9

)

 

 

(17.7

)

Balance, May 31, 2026

 

$

1,002.1

 

 

$

45.1

 

 

$

1,047.2

 

(1) Other includes goodwill related to held for sale entities, which was reclassified within Assets held for sale.
Summary of Definite Lived Intangible Assets

Definite-lived intangible assets consisted of the following and are included in amortizable intangible assets within the consolidated balance sheets:

 

 

 

Gross
Carrying
Amount

 

 

Less
Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Licenses

 

$

15.0

 

 

$

7.1

 

 

$

7.9

 

Covenants not to compete

 

 

0.3

 

 

 

0.2

 

 

 

0.1

 

Patents

 

 

9.0

 

 

 

4.6

 

 

 

4.4

 

Customer relationships intangibles

 

 

1,222.1

 

 

 

250.9

 

 

 

971.2

 

Trade names and trademarks

 

 

118.2

 

 

 

22.0

 

 

 

96.2

 

Developed technology

 

 

306.6

 

 

 

82.5

 

 

 

224.1

 

Other product and service-related intangibles

 

 

15.7

 

 

 

1.6

 

 

 

14.1

 

Balance, May 31, 2026

 

$

1,686.9

 

 

$

368.9

 

 

$

1,318.0

 

 

 

 

 

 

 

 

 

 

 

Licenses

 

$

15.6

 

 

$

7.8

 

 

$

7.8

 

Covenants not to compete

 

 

0.4

 

 

 

0.3

 

 

 

0.1

 

Patents

 

 

8.9

 

 

 

4.4

 

 

 

4.5

 

Customer relationships intangibles

 

 

1,231.9

 

 

 

196.7

 

 

 

1,035.2

 

Trade names and trademarks

 

 

119.2

 

 

 

16.4

 

 

 

102.8

 

Developed technology

 

 

307.9

 

 

 

62.3

 

 

 

245.6

 

Other product and service-related intangibles

 

 

16.4

 

 

 

1.9

 

 

 

14.5

 

Balance, May 31, 2025

 

$

1,700.3

 

 

$

289.8

 

 

$

1,410.5

 
Schedule of Amortizable Intangible Assets' Useful Lives

The amortizable intangible assets' useful lives are as follows:

 

Useful Lives Range

Licenses

2 - 20 years

Covenants not to compete

3 - 10 years

Patents

5 - 25 years

Customer relationships intangibles

9 - 20 years

Trade names and trademarks

10 - 25 years

Developed technology

10 - 20 years

Other product and service-related intangibles

5 - 15 years