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Goodwill and Other Intangible Assets | 3 Months Ended
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Jul. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The following table shows the changes in goodwill (which includes no accumulated impairment losses) during the three months ended July 31, 2025:
(Dollars in millions) | Goodwill
Balance at April 30, 2025 | $ | 1,505 |
Foreign currency translation adjustment | 2 |
Balance at July 31, 2025 | $ | 1,507 |
The following table presents details of our other intangible assets as of April 30, 2025 and July 31, 2025, respectively:
| April 30, 2025 |  | July 31, 2025
(Dollars in millions) | Gross Carrying Amount |  | Net Carrying Amount |  | Gross Carrying Amount |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |
Supply contract | $ | — |  |  | $ | — |  |  | $ | 88 |  |  | $ | 88 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trademarks and brand names | 981 |  |  | 981 |  |  | 983 |  |  | 983 |
Total other intangible assets | $ | 981 |  |  | $ | 981 |  |  | $ | 1,071 |  |  | $ | 1,071 |
Net carrying amount represents the gross carrying amount net of accumulated amortization. During the first quarter of fiscal 2026, we recognized a definite-lived supply contract intangible asset of $88 million. This amount relates to a barrel supply agreement and was obtained as partial consideration for the sale of the Brown-Forman Cooperage facility and related assets on May 1, 2025 (refer to Note 6). We determined the estimated fair value of the supply contract using a discounted cash flow model. This method requires the use of assumptions, such as projected future market prices and discount rates (refer to Note 14). Amortization related to the supply contract used in the production of barrels will be capitalized into inventories. The supply contract will be amortized based on the actual realization of the benefit over the term of the contract. We expect to realize the benefit over six years. There were no amounts of amortization recorded for the three months ended July 31, 2025. The increase in the indefinite-lived intangible assets from April 30, 2025 to July 31, 2025, was primarily driven by the impact of foreign exchange rates.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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