v3.24.3
GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS
3 Months Ended
Aug. 25, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS
The following table presents changes in goodwill balances, by segment, for the thirteen weeks ended August 25, 2024:
(in millions)North AmericaInternationalTotal
Balance at May 26, 2024$728.8 $331.1 $1,059.9 
Foreign currency translation adjustment19.0 8.6 27.6 
Balance at August 25, 2024$747.8 $339.7 $1,087.5 
Other identifiable intangible assets were as follows:
August 25, 2024May 26, 2024
(in millions, except useful lives)Weighted
Average
Useful Life
(in years)
Gross
Carrying
Amount
Accumulated
Amortization
Intangible
Assets, Net
Weighted
Average
Useful Life
(in years)
Gross
Carrying
Amount
Accumulated
Amortization
Intangible
Assets, Net
Non-amortizing intangible assets (a)n/a$18.0 $— $18.0 n/a$18.0 $— $18.0 
Amortizing intangible assets (b)14129.3 (39.0)90.3 13123.6 (36.7)86.9 
$147.3 $(39.0)$108.3 $141.6 $(36.7)$104.9 
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(a)Non-amortizing intangible assets represent brands and trademarks.
(b)Amortizing intangible assets are principally composed of licensing agreements, brands, and customer relationships. Foreign intangible assets are affected by foreign currency translation.