Goodwill and Intangible Assets

6 Months Ended

Oct. 26, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table shows goodwill by segment:



(Dollars in Millions)	October 26, 2019		April 27, 2019
Automotive	$	106.3	$	106.3
Industrial	127.3		127.0
Total	$	233.6	$	233.3

Intangible Assets

The following tables present details of the Company's identifiable intangible assets:



	October 26, 2019
(Dollars in Millions)	Gross		Accumulated Amortization		Net		Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements	$	244.8	$	34.3	$	210.5	17.0
Trade Names, Patents and Technology Licenses	75.6		32.1		43.5		7.9
Total Definite-lived Intangible Assets	320.4		66.4		254.0
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses	1.8		—		1.8
Total Indefinite-lived Intangible Assets	1.8		—		1.8
Total Intangible Assets	$	322.2	$	66.4	$	255.8



	April 27, 2019
(Dollars in Millions)	Gross		Accumulated Amortization		Net		Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements	$	244.5	$	27.7	$	216.8	17.4
Trade Names, Patents and Technology Licenses	75.5		29.2		46.3		8.4
Total Definite-lived Intangible Assets	320.0		56.9		263.1
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses	1.8		—		1.8
Total Indefinite-lived Intangible Assets	1.8		—		1.8
Total Intangible Assets	$	321.8	$	56.9	$	264.9

Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:



(Dollars in Millions)
Fiscal Year:
Remainder of 2020	$	9.6
2021	19.0
2022	19.0
2023	19.0
2024	18.6
Thereafter	168.8
Total	$	254.0