Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)

v3.21.2
Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)
12 Months Ended
May 31, 2021
Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]  
Change in Goodwill

May 31,

In millions

2021

2020

Balance, beginning of fiscal year

$

1,791.1

$

1,782.6

Changes during the period:

Goodwill acquired

19.6

4.1

Acquisition accounting adjustments

4.5

Currency translation adjustment

10.0

(0.1)

Balance, end of fiscal year

$

1,820.7

$

1,791.1

Components of Intangible Assets, at Cost

May 31,

In millions

2021

2020

Client lists

$

632.3

$

618.4

Other intangible assets

24.1

23.3

Total intangible assets, gross

656.4

641.7

Less: Accumulated amortization

380.6

311.1

Intangible assets, net of accumulated amortization

$

275.8

$

330.6

Estimated Amortization Expense

In millions

Estimated amortization

Year ending May 31,

expense

2022

$

61.7

2023

57.0

2024

54.1

2025

51.5

2026

30.1