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Goodwill and Other Intangible Assets | 9 Months Ended
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Jan. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | The following table summarizes our other intangible assets and related accumulated amortization and impairment charges including foreign currency exchange adjustments.
| January 31, 2022 |  | April 30, 2021
| Acquisition Cost |  | Accumulated Amortization/Impairment Charges/Foreign Currency Exchange |  | Net |  | Acquisition Cost |  | Accumulated Amortization/Impairment Charges/Foreign Currency Exchange |  | Net
Finite-lived intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer and contractual relationships | $ | 4,450.0 |  |  | $ | 1,677.2 |  |  | $ | 2,772.8 |  |  | $ | 4,471.1 |  |  | $ | 1,545.0 |  |  | $ | 2,926.1 |
Patents and technology | 167.6 |  |  | 153.0 |  |  | 14.6 |  |  | 168.5 |  |  | 147.3 |  |  | 21.2 |
Trademarks | 661.7 |  |  | 346.2 |  |  | 315.5 |  |  | 364.5 |  |  | 186.7 |  |  | 177.8 |
Total intangible assets subject to amortization | $ | 5,279.3 |  |  | $ | 2,176.4 |  |  | $ | 3,102.9 |  |  | $ | 5,004.1 |  |  | $ | 1,879.0 |  |  | $ | 3,125.1 |
Indefinite-lived intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Trademarks | $ | 2,833.1 |  |  | $ | 226.0 |  |  | $ | 2,607.1 |  |  | $ | 3,141.1 |  |  | $ | 225.0 |  |  | $ | 2,916.1 |
Total other intangible assets | $ | 8,112.4 |  |  | $ | 2,402.4 |  |  | $ | 5,710.0 |  |  | $ | 8,145.2 |  |  | $ | 2,104.0 |  |  | $ | 6,041.2 |
We review goodwill and other indefinite-lived intangible assets for impairment at least annually on February 1, and more often if indicators of impairment exist. During the third quarter of 2022, we began our annual planning cycle, inclusive of a strategy review within our strategic business areas. We made certain strategic decisions related to our U.S. Retail Pet Foods segment in support of our continued focus on prioritizing and accelerating growth in dog snacks, driving momentum in cat food, and improving dog food performance, which will require further allocation of resources to support more strategic, faster growth opportunities. As a result, we completed an interim review to determine the impact these strategic decisions had on the fair value of the goodwill and certain indefinite-lived intangible assets within the U.S. Retail Pet Foods segment. We recognized an impairment charge of $150.4 related to the Rachael Ray Nutrish brand within the U.S. Retail Pet Foods segment, primarily driven by the re-positioning of this brand within the Pet Foods brand portfolio, which led to a decline in the current and long-term net sales expectations and the royalty rate used in the valuation analysis. This charge was included as a noncash charge in our Condensed Statement of Consolidated Income. Additionally, we reassessed the long-term strategic expectations for the Rachael Ray Nutrish brand and reclassified this brand as a finite-lived intangible asset as of January 31, 2022, which will result in annual amortization expense of $10.5. Furthermore, as a result of the divestitures of the private label dry pet food business and natural beverage and grains businesses during the third quarter of 2022, we reviewed all impacted reporting units and concluded that the estimated fair values were in excess of the carrying values as of the date of the divestitures. However, the goodwill within the U.S. Retail Pet Foods segment remains susceptible to future impairment charges due to the narrow difference between fair value and carrying value. Any significant adverse change in our near or long-term projections or macroeconomic conditions could result in future impairment charges. The carrying value of the goodwill within the U.S. Retail Pet Foods segment was $2.4 billion as of January 31, 2022. There were no other indicators of impairment, and as a result, we do not believe that any of our remaining reporting units or material indefinite-lived intangible assets are more likely than not impaired as of January 31, 2022.

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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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