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Goodwill and Other Intangible Assets | 3 Months Ended
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Aug. 31, 2023
Goodwill and Other Intangible Assets | 9. GOODWILL AND INTANGIBLE ASSETS The following table summarizes goodwill by reportable segment:
|  | Food Safety |  |  | Animal Safety |  |  | Total |
May 31, 2023 |  | $ | 2,056,161 |  |  | $ | 81,335 |  |  | $ | 2,137,496 |
Acquisitions(1) |  |  | 250 |  |  |  | — |  |  |  | 250 |
Foreign currency translation and other |  |  | 6 |  |  |  | (150 | ) |  |  | (144 | )
August 31, 2023 |  | $ | 2,056,417 |  |  | $ | 81,185 |  |  | $ | 2,137,602 |
(1) Represents measurement period adjustments relating to our 3M FSD and Corvium acquisition. As of May 31, 2023, non-amortizable intangible assets included li censes of $569, trademarks of $12,522 and other intangibles of $1,224. Amortizable intangible assets consisted of the following and are included in customer-based intangibles and other non-current assets within the condensed consolidated balance sheets:
|  | Gross Carrying Amount |  |  | Less Accumulated Amortization |  |  | Net Carrying Amount |
Licenses |  | $ | 20,480 |  |  | $ | 6,991 |  |  | $ | 13,489 |
Covenants not to compete |  |  | 490 |  |  |  | 401 |  |  |  | 89 |
Patents |  |  | 8,080 |  |  |  | 3,925 |  |  |  | 4,155 |
Customer relationships |  |  | 1,246,688 |  |  |  | 93,793 |  |  |  | 1,152,895 |
Trade names and trademarks |  |  | 122,992 |  |  |  | 5,569 |  |  |  | 117,423 |
Developed technology |  |  | 307,539 |  |  |  | 25,534 |  |  |  | 282,005 |
Other product and service-related intangibles |  |  | 23,874 |  |  |  | 5,864 |  |  |  | 18,010 |
August 31, 2023 |  | $ | 1,730,143 |  |  | $ | 142,077 |  |  | $ | 1,588,066 |
Licenses |  | $ | 16,010 |  |  | $ | 6,763 |  |  | $ | 9,247 |
Covenants not to compete |  |  | 488 |  |  |  | 384 |  |  |  | 104 |
Patents |  |  | 8,499 |  |  |  | 4,865 |  |  |  | 3,634 |
Customer relationships |  |  | 1,244,635 |  |  |  | 81,577 |  |  |  | 1,163,058 |
Trade names and trademarks |  |  | 111,172 |  |  |  | 3,583 |  |  |  | 107,589 |
Developed technology |  |  | 309,609 |  |  |  | 20,175 |  |  |  | 289,434 |
Other product and service-related intangibles |  |  | 23,628 |  |  |  | 5,907 |  |  |  | 17,721 |
May 31, 2023 |  | $ | 1,714,041 |  |  | $ | 123,254 |  |  | $ | 1,590,787 |
Amortization expense relating to definite-lived intangible assets was $23,704 and $2,382 during the three months ended August 31, 2023 and 2022, respectively. Estimated amortization expense for fiscal years 2024 through 2028 is expected to be in the range of approximately $95,000 to $97,000 per year. The amortizable intangible assets useful lives are 2 to 20 years for licenses, 3 to 10 years for covenants not to compete, 5 to 25 years for patents, 9 to 20 years for customer relationships, 5 to 25 years for trade names and trademarks, 10 to 20 years for developed technology and 5 to 15 years for other product and service-related intangibles. All definite-lived intangibles are amortized on a straight-line basis with the exception of definite-lived customer-based intangibles and product and service-related intangibles, which are amortized on either a straight-line or an accelerated basis.

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