Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3
Goodwill and Intangible Assets, Net of Accumulated Amortization (Tables)
3 Months Ended
Aug. 31, 2019
Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract]  
Change in Goodwill

August 31,

In millions

2019

Balance, beginning of period

$

1,782.6

Changes during the period:

Goodwill acquired

-

Acquisition accounting adjustments

-

Currency translation adjustment

0.5

Balance, end of period

$

1,783.1

Components of Intangible Assets, at Cost

August 31,

May 31,

In millions

2019

2019

Client lists

$

609.0

$

608.2

Other intangible assets

23.4

23.0

Total intangible assets, gross

632.4

631.2

Less: Accumulated amortization

252.9

232.1

Intangible assets, net of accumulated amortization

$

379.5

$

399.1

Estimated Amortization Expense

In millions

Estimated amortization

Year ending May 31,

expense

2020

$

71.7

2021

64.0

2022

57.6

2023

54.3

2024

51.9