valuation of long-lived assets we estimate the useful lives of long-lived assets and make estimates concerning undiscounted cash flows to review for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset ( or asset group ) may not be recoverable .
fair value is measured using discounted cash flows or independent appraisals , as appropriate .
intangible assets goodwill and other indefinite-lived intangible assets are not subject to amortization and are tested for impairment annually and whenever events or changes in circumstances indicate that impairment may have occurred .
our estimates of fair value for goodwill impairment testing are determined based on a discounted cash flow model .
we use inputs from our long-range planning process to determine growth rates for sales and profits .
we also make estimates of discount rates , perpetuity growth assumptions , market comparables , and other factors .
we evaluate the useful lives of our other intangible assets , mainly brands , to determine if they are finite or indefinite-lived .
reaching a determination on useful life requires significant judgments and assumptions regarding the future effects of obsolescence , demand , competition , other economic factors ( such as the stability of the industry , known technological advances , legislative action that results in an uncertain or changing regulatory environment , and expected changes in distribution channels ) , the level of required maintenance expenditures , and the expected lives of other related groups of assets .
intangible assets that are deemed to have definite lives are amortized on a straight-line basis , over their useful lives , generally ranging from 4 to 30 years .
our estimate of the fair value of our brand assets is based on a discounted cash flow model using inputs which include projected revenues from our long-range plan , assumed royalty rates that could be payable if we did not own the brands , and a discount rate .
as of may 26 , 2019 , we had $ 20.6 billion of goodwill and indefinite-lived intangible assets .
while we currently believe that the fair value of each intangible exceeds its carrying value and that those intangibles so classified will contribute indefinitely to our cash flows , materially different assumptions regarding future performance of our businesses or a different weighted-average cost of capital could result in material impairment losses and amortization expense .
we performed our fiscal 2019 assessment of our intangible assets as of the first day of the second quarter of fiscal 2019 .
as a result of lower sales projections in our long-range plans for the businesses supporting the progresso , food should taste good , and mountain high brand intangible assets , we recorded the following impairment charges : in millions impairment charge fair value nov .
25 , 2018 progresso $ 132.1 $ 330.0 food should taste good 45.1 - mountain high 15.4 - .

in millions
impairment charge
fair value as of nov . 25 2018
progresso
$ 132.1
$ 330.0
food should taste good
45.1
-
mountain high
15.4
-
total
$ 192.6
$ 330.0

significant assumptions used in that assessment included our long-range cash flow projections for the businesses , royalty rates , weighted-average cost of capital rates , and tax rates. .

Question: by how much is the net income reduced due to the impairment charges?
Answer: 192.6