Note 8. Goodwill

The changes in the carrying amount of goodwill related to each reportable segment for the six months ended November 2, 2019 were as follows:



	Live Events		Commercial		Transportation		International		Total
Balance as of April 27, 2019	$	2,276	$	3,218	$	49	$	2,346	$	7,889
Foreign currency translation	9		64		9		3		85
Balance as of November 2, 2019	$	2,285	$	3,282	$	58	$	2,349	$	7,974

We perform an analysis of goodwill on an annual basis, and it is tested for impairment more frequently if events or changes in circumstances indicate that an asset might be impaired. We perform our annual analysis during our third quarter of each fiscal year, based on the goodwill amount as of the first business day of our third fiscal quarter.

In conducting our impairment testing, we compare the fair value of each of our business units to the related carrying value of the allocated assets. We utilize the income approach based on discounted projected cash flows to estimate the fair value of each unit. The projected cash flows use many estimates including market conditions and expected market demand; our ability to grow or maintain market share and gross profit; and our expected expenditures for capital and operating expenses. Assets shared or not directly attributed to a reportable segment's activities are allocated to the reportable segment based on sales and other measures.

We performed our annual impairment test for our third quarter in fiscal 2019, which began on October 29, 2018 and concluded no goodwill impairment existed. We are currently in the process of completing our annual analysis as of the first business day of our third quarter of fiscal 2020, which began on November 4, 2019.