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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Oct. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of the Changes in the Carrying Amount of Goodwill by Segment

A summary of the changes in the carrying amount of goodwill, by segment, is shown below:

(Dollars in Millions)		Automotive				Industrial				Total
Balance as of May 2, 2020		$	106.2			$	125.4			$	231.6
Foreign Currency Translation			0.3				1.4				1.7
Balance as of October 31, 2020		$	106.5			$	126.8			$	233.3

Schedule of Other Intangible Assets, Net

Details of identifiable intangible assets are shown below:

		As of October 31, 2020
(Dollars in Millions)		Gross				Accumulated Amortization				Net				Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements		$	245.2			$	(47.6	)		$	197.6				16.0
Trade Names, Patents and Technology Licenses			75.7				(38.1	)			37.6				7.4
Total Definite-lived Intangible Assets			320.9				(85.7	)			235.2
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses			1.8				—				1.8
Total Indefinite-lived Intangible Assets			1.8				—				1.8
Total Other Intangible Assets		$	322.7			$	(85.7	)		$	237.0

		As of May 2, 2020
(Dollars in Millions)		Gross				Accumulated Amortization				Net				Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements		$	243.5			$	(40.8	)		$	202.7				16.5
Trade Names, Patents and Technology Licenses			75.3				(35.0	)			40.3				7.8
Total Definite-lived Intangible Assets			318.8				(75.8	)			243.0
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses			1.8				—				1.8
Total Indefinite-lived Intangible Assets			1.8				—				1.8
Total Other Intangible Assets		$	320.6			$	(75.8	)		$	244.8

Schedule of Estimated Aggregate Amortization Expense of Intangible Assets

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 2021		$	9.5
2022			19.1
2023			19.0
2024			18.6
2025			18.1
Thereafter			150.9
Total		$	235.2

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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