XML 61 R49.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Investments in Joint Ventures (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
May 29, 2011
May 30, 2010
May 31, 2009
Investments In Joint Ventures (Details)      
Cumulative investments $ 519.1 $ 398.1  
JV Goodwill and other intangibles 597.1 512.6  
Aggregate advances 293.3 238.2  
Sales to joint ventures 10.2 10.7 14.2
Net advances (repayments) 1.8 128.1 (8.2)
Dividends received 72.7 88.0 68.5
Net sales 2,444.9 2,360.0 2,280.0
Gross Margin 1,066.3 1,053.2 873.5
Earnings before income taxes 233.4 251.2 234.7
Earnings after income taxes 164.2 202.3 175.3
Current assets 904.7 731.7  
Noncurrent assets 1,138.0 907.3  
Current liabilities 1,690.1 1,322.0  
Noncurrent liabilities $ 103.3 $ 112.1  
Additional Information We have a 50 percent equity interest in Cereal Partners Worldwide (CPW), which manufactures and markets ready-to-eat cereal products in more than 130 countries and republics outside the United States and Canada. CPW also markets cereal bars in several European countries and manufactures private label cereals for customers in the United Kingdom. We have guaranteed a portion of CPW’s debt and its pension obligation in the United Kingdom.    
Equity Method Investment Activity At 100 Percent Summary combined financial information for the joint ventures on a 100 percent basis follows:    
Cereal Partners Worldwide [Member]
     
Investments In Joint Ventures (Details)      
Ownership Percentage 50.00%    
Haagen Dazs Japan [Member]
     
Investments In Joint Ventures (Details)      
Ownership Percentage 50.00%