Annual report pursuant to Section 13 and 15(d)

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

v3.20.2
Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)
12 Months Ended
May 31, 2020
Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]  
Change in Goodwill

May 31,

In millions

2020

2019

Balance, beginning of fiscal year

$

1,782.6

$

814.0

Changes during the period:

Goodwill acquired

4.1

972.1

Acquisition accounting adjustments

4.5

1.6

Currency translation adjustment

(0.1)

(5.1)

Balance, end of fiscal year

$

1,791.1

$

1,782.6

Components of Intangible Assets, at Cost

May 31,

In millions

2020

2019

Client lists

$

618.4

$

608.2

Other intangible assets

23.3

23.0

Total intangible assets, gross

641.7

631.2

Less: Accumulated amortization

311.1

232.1

Intangible assets, net of accumulated amortization

$

330.6

$

399.1

Estimated Amortization Expense

In millions

Estimated amortization

Year ending May 31,

expense

2021

$

65.8

2022

60.6

2023

56.0

2024

53.1

2025

50.8