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Goodwill and Intangible Assets, Net of Accumulated Amortization | 12 Months Ended
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May 31, 2020
Goodwill and Intangible Assets, Net of Accumulated Amortization [Abstract] |
Goodwill and Intangible Assets, Net of Accumulated Amortization | Note K — Goodwill and Intangible Assets, Net of Accumulated Amortization Goodwill and changes in goodwill as of and for the years ended May 31, 2020 and May 31, 2019 were as follows:
|  | 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
Goodwill acquired in fiscal 2019 related to the December 2018 acquisition of Oasis. Refer to Note D of this Item 8 for further details. The Company had certain intangible assets on its Consolidated Balance Sheets. The components of intangible assets, at cost, consisted of the following:
|  | 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
During fiscal 2020, the Company acquired customer lists with a weighted-average amortization of 7.7 years. Amortization expense relating to intangible assets was $81.9 million, $55.8 million, and $21.1 million for fiscal years 2020, 2019, and 2018, respectively. The Company did no t recognize an impairment loss as it relates to its goodwill or intangible assets during the fiscal years 2020, 2019, or 2018. The estimated amortization expense for the next five fiscal years relating to intangible asset balances is as follows:
In millions |  | Estimated amortization
Year ending May 31, |  | expense
2021 |  | $ | 65.8
2022 |  |  | 60.6
2023 |  |  | 56.0
2024 |  |  | 53.1
2025 |  |  | 50.8

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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