Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.1
Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)
9 Months Ended
Feb. 29, 2020
Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]  
Change in Goodwill

February 29,

In millions

2020

Balance, beginning of period

$

1,782.6

Changes during the period:

Goodwill acquired

3.9

Acquisition accounting adjustments

4.5

Currency translation adjustment

(1.2)

Balance, end of period

$

1,789.8

Components of Intangible Assets, at Cost

February 29,

May 31,

In millions

2020

2019

Client lists

$

616.8

$

608.2

Other intangible assets

23.2

23.0

Total intangible assets, gross

640.0

631.2

Less: Accumulated amortization

292.0

232.1

Intangible assets, net of accumulated amortization

$

348.0

$

399.1

Estimated Amortization Expense

In millions

Estimated amortization

Year ending May 31,

expense

2020

$

79.2

2021

64.5

2022

59.6

2023

55.0

2024

52.5