GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS (Tables)

12 Months Ended

May 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for fiscal 2020 and 2019 was as follows:

	Grocery & Snacks		Refrigerated & Frozen		International			Foodservice		Total
Balance as of May 27, 2018	$	2,582.5	$	1,080.6	$	242.9		$	571.1	$	4,477.1
Acquisitions		2,157.3		4,561.8		61.3			181.6		6,962.0
Purchase accounting adjustments		1.5		—		—			—		1.5
Currency translation		—		—		(5.2	)		—		(5.2	)
Balance as of May 26, 2019	$	4,741.3	$	5,642.4	$	299.0		$	752.7	$	11,435.4
Purchase accounting adjustments		3.5		5.9		0.7			—		10.1
Currency translation		—		—		(9.2	)		—		(9.2	)
Balance as of May 31, 2020	$	4,744.8	$	5,648.3	$	290.5		$	752.7	$	11,436.3

Schedule of Other Identifiable Intangible Assets

Other identifiable intangible assets were as follows:

	2020				2019
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Non-amortizing intangible assets	$	3,396.1	$	—	$	3,559.6	$	—
Amortizing intangible assets		1,239.4		319.8		1,239.9		260.2
	$	4,635.5	$	319.8	$	4,799.5	$	260.2

Schedule of Estimated Fair Value in Excess of Carrying Value

Several of our reporting units have an estimated fair value substantially in excess of the carrying value. Three of our reporting units with aggregate goodwill of $3.49 billion have an estimated fair value that exceeds the respective carrying value as of our most recent quantitative testing date in the first quarter of fiscal 2020 as follows:  

	Carrying Value of Goodwill		Excess Fair Value as of Fiscal 2020 Test Date
Sides, Components, Enhancers (part of Refrigerated & Frozen segment)	$	2,636.6		18.1	%
Foodservice		752.7		36.7	%
Canada (part of International segment)		96.2		32.0	%

Schedule of Estimated Amortization Expense of Intangible Assets

Amortizing intangible assets, carrying a remaining weighted-average life of approximately 20 years, are principally composed of customer relationships and acquired intellectual property. For fiscal 2020, 2019, and 2018, we recognized amortization expense of $59.8 million, $49.1 million, and $34.9 million, respectively. Based on amortizing assets recognized in our Consolidated Balance Sheet as of May 31, 2020, amortization expense for the next five years is estimated to be as follows:

2021	$	59.7
2022		59.7
2023		57.4
2024		54.1
2025		53.9