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Goodwill

3 Months Ended

Feb. 28, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

GOODWILL

The changes in the carrying amount of goodwill by business segment for the three months ended February 28, 2021 are as follows (in millions):

			2021
			Consumer						Flavor Solutions
Beginning of the year			$	3,711.2					$	1,275.1
Increases in goodwill from acquisition			—						389.6
Changes in preliminary purchase price allocation			0.8						0.4
Foreign currency fluctuations			15.6						4.3
Balance as of the end of period			$	3,727.6					$	1,669.4

During the three months ended February 28, 2021, a preliminary valuation of the net assets of FONA acquired in December 2020, resulted in the assignment of $389.6 million of goodwill to the flavor solutions segment. During the three months ended February 28, 2021, we have made changes in the preliminary allocation of the purchase price of Cholula which resulted in an increase in goodwill of $0.8 million to the consumer segment and $0.4 million to the flavor solutions segment.

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- References

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- Definition

The entire disclosure for goodwill.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=2144439

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