GIS » Topics » (4) Goodwill and Brand Intangibles

This excerpt taken from the GIS 10-Q filed Apr 3, 2006.

(4)   Goodwill and Brand Intangibles

At August 28, 2005, we finalized the allocation of Goodwill and Brand Intangibles resulting from the Pillsbury acquisition within the International segment. The impact of this allocation, primarily foreign currency translation, was an increase to Goodwill and Brand Intangibles totaling $88 million and an increase to Deferred Income Tax Liabilities of $22 million. The net adjustment of $66 million was recorded in Accumulated Other Comprehensive Income.

The changes in the carrying amount of our Goodwill and Brand Intangibles for the first thirty-nine weeks of fiscal 2006 were as follows:

In Millions Goodwill Brand
Intangibles

Balance at May 29, 2005     $ 6,684   $ 3,516  
    Allocation – International segment    14    74  
    Activity including translation    (32 )  (6 )

Balance at Feb. 26, 2006     $ 6,666   $ 3,584  


The activity occurring in the first thirty-nine weeks of fiscal 2006 is primarily foreign currency translation.

This excerpt taken from the GIS 10-Q filed Jan 6, 2006.

(3)   Goodwill and Brand Intangibles

At August 28, 2005, we finalized the allocation of Goodwill and Brand Intangibles resulting from the Pillsbury acquisition within the International segment. The impact of this allocation, primarily foreign currency translation, was an increase to Goodwill and Brand Intangibles totaling $88 million and an increase to Deferred Income Tax Liabilities of $22 million. The net adjustment of $66 million was recorded in Accumulated Other Comprehensive Income.

The changes in the carrying amount of our Goodwill and Brand Intangibles for the first twenty-six weeks of fiscal 2006 were as follows:

In Millions Goodwill Brand
Intangibles

Balance at May 29, 2005     $ 6,684   $ 3,516  
    Allocation – International segment    14    74  
    Activity including translation    (31 )  (8 )

Balance at Nov. 27, 2005     $ 6,667   $ 3,582  


The activity occurring in the first twenty-six weeks of fiscal 2006 is primarily foreign currency translation.







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This excerpt taken from the GIS 10-Q filed Oct 3, 2005.

(3)   Goodwill and Brand Intangibles

During the first quarter of fiscal 2006 we finalized the allocation of Goodwill and Brand Intangibles resulting from the Pillsbury acquisition within the International segment. The impact of this allocation, primarily foreign currency translation, was an increase to Goodwill and Brand Intangibles totaling $88 million and an increase to Deferred Income Tax Liabilities of $22 million. The net adjustment of $66 million was recorded in Accumulated Other Comprehensive Income.

The changes in the carrying amount of our Goodwill and Brand Intangibles for the first quarter of fiscal 2006 were as follows:

In Millions Goodwill Brand
Intangibles

Balance at May 29, 2005     $ 6,684   $ 3,516  
    Allocation – International segment    14    74  
    Activity including translation    (23 )  (10 )

Balance at Aug. 28, 2005     $ 6,675   $ 3,580  


The activity occurring in the first quarter of fiscal 2006 is primarily foreign currency translation.

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