NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS
The components of goodwill and other intangible assets are as follows:
| In Millions | May 26, 2013 | May 27, 2012 | ||
| Goodwill | $ | 8,622.2 | $ | 8,182.5 |
| Other intangible assets: | ||||
| Intangible assets not subject to amortization: | ||||
| Brands and other indefinite-lived intangibles | 4,499.5 | 4,217.1 | ||
| Intangible assets subject to amortization: | ||||
| Franchise agreements, customer relationships, and other finite-lived intangibles | 602.6 | 544.7 | ||
| Less accumulated amortization | (87.0) | (56.9) | ||
| Intangible assets subject to amortization | 515.6 | 487.8 | ||
| Other intangible assets | 5,015.1 | 4,704.9 | ||
| Total | $ | 13,637.3 | $ | 12,887.4 |
Based on the carrying value of finite-lived intangible assets as of May 26, 2013, amortization expense for each of the next five fiscal years is estimated to be approximately $30 million.
The changes in the carrying amount of goodwill for fiscal 2011, 2012, and 2013 are as follows:
| In Millions | U.S. Retail | International | Bakeries and Foodservice | Joint Ventures | Total | ||||||||||
| Balance as of May 30, 2010 | $ | 5,098.3 | $ | 122.0 | $ | 923.0 | $ | 449.5 | $ | 6,592.8 | |||||
| Acquisitions | 44.6 | 26.9 | - | - | 71.5 | ||||||||||
| Divestitures | - | (0.5) | (1.9) | - | (2.4) | ||||||||||
| Other activity, primarily foreign | |||||||||||||||
| currency translation | - | 14.2 | - | 74.7 | 88.9 | ||||||||||
| Balance as of May 29, 2011 | 5,142.9 | 162.6 | 921.1 | 524.2 | 6,750.8 | ||||||||||
| Acquisitions | 670.3 | 946.4 | - | - | 1,616.7 | ||||||||||
| Other activity, primarily foreign | |||||||||||||||
| currency translation | - | (119.1) | - | (65.9) | (185.0) | ||||||||||
| Balance as of May 27, 2012 | 5,813.2 | 989.9 | 921.1 | 458.3 | 8,182.5 | ||||||||||
| Acquisitions | 28.2 | 378.8 | - | - | 407.0 | ||||||||||
| Other activity, primarily foreign | |||||||||||||||
| currency translation | - | 18.3 | - | 14.4 | 32.7 | ||||||||||
| Balance as of May 26, 2013 | $ | 5,841.4 | $ | 1,387.0 | $ | 921.1 | $ | 472.7 | $ | 8,622.2 |
The changes in the carrying amount of other intangible assets for fiscal 2011, 2012, and 2013 are as follows:
| In Millions | U.S. Retail | International | Joint Ventures | Total | |||||||
| Balance as of May 30, 2010 | $ | 3,206.6 | $ | 445.3 | $ | 63.1 | $ | 3,715.0 | |||
| Acquisitions | 39.3 | 6.0 | - | 45.3 | |||||||
| Other activity, primarily | |||||||||||
| foreign currency translation | (3.4) | 46.6 | 9.8 | 53.0 | |||||||
| Balance as of May 29, 2011 | 3,242.5 | 497.9 | 72.9 | 3,813.3 | |||||||
| Acquisitions | 58.2 | 1,050.3 | - | 1,108.5 | |||||||
| Other activity, primarily | |||||||||||
| foreign currency translation | (3.7) | (204.1) | (9.1) | (216.9) | |||||||
| Balance as of May 27, 2012 | 3,297.0 | 1,344.1 | 63.8 | 4,704.9 | |||||||
| Acquisitions | 20.0 | 290.7 | - | 310.7 | |||||||
| Other activity, primarily | |||||||||||
| foreign currency translation | (4.6) | 3.4 | 0.7 | (0.5) | |||||||
| Balance as of May 26, 2013 | $ | 3,312.4 | $ | 1,638.2 | $ | 64.5 | $ | 5,015.1 |