BROWN FORMAN CORP Goodwill & Intangibles Disclosure
| Goodwill | Other Intangible Assets | ||||||||||
Balance as of April 30, 2023 | $ | 1,457 | $ | 1,164 | |||||||
Purchase accounting adjustments | 40 | (53) | |||||||||
Business divestitures | (28) | (89) | |||||||||
| Foreign currency translation adjustment | (14) | (25) | |||||||||
| Impairment | — | (7) | |||||||||
Balance as of April 30, 2024 | 1,455 | 990 | |||||||||
| Foreign currency translation adjustment | 50 | 38 | |||||||||
| Impairment | — | (47) | |||||||||
Balance as of April 30, 2025 | $ | 1,505 | $ | 981 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 13, 2025 | Showing above |
| 2024 | Jun 14, 2024 | |
| 2023 | Jun 16, 2023 | |
| 2022 | Jun 17, 2022 | |
| 2021 | Jun 21, 2021 | |
| 2020 | Jun 19, 2020 | |
| 2019 | Jun 13, 2019 | |
| 2018 | Jun 13, 2018 | |
| 2017 | Jun 15, 2017 | |
| 2016 | Jun 16, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.