Equity Method Investments, Basis Difference

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- Definition

Payments to Acquire Interest in Joint Venture, Payable

+ References

No definition available.

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- Definition

The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
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-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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- Definition

The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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INVESTMENTS IN JOINT VENTURES - Equity Method Investments - General Information (Details) - USD ($) $ in Millions	12 Months Ended
	May 31, 2020	Oct. 15, 2019	May 26, 2019
Equity Method Investments
Equity method investments	$ 250.2		$ 224.6
Lamb-Weston Meijer v.o.f.
Equity Method Investments
Ownership interest (as a percent)	50.00%
Equity method investments	$ 207.4		205.8
Lamb-Weston RDO Frozen
Equity Method Investments
Ownership interest (as a percent)	50.00%
Equity method investments	$ 15.4		$ 17.8
Lamb Weston Alimentos Modernos S.A.
Equity Method Investments
Ownership interest (as a percent)		50.00%
Equity method investments		$ 27.3
Investment in equity method joint venture	22.6
Investment in equity method joint venture, payable		$ 4.7
Equity method investments, basis difference	$ 4.8