Supplemental Information (Tables)

12 Months Ended

May 29, 2016

SUPPLEMENTAL INFORMATION [Abstract]

Components of receivables [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Receivables:
Customers	$	1,390.4	$	1,412.0
Less allowance for doubtful accounts		(29.6)		(25.3)
Total	$	1,360.8	$	1,386.7

Components of inventories [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Inventories:
Raw materials and packaging	$	397.3	$	390.8
Finished goods		1,163.1		1,268.6
Grain		72.6		95.7
Excess of FIFO over LIFO cost (a)		(219.3)		(214.2)
Total	$	1,413.7	$	1,540.9

(a) Inventories of $841.0 million as of May 29, 2016, and $867.5 million as of May 31, 2015, were valued at LIFO.

Components of prepaid expenses and other current assets [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Prepaid expenses and other current assets:
Other receivables	$	159.3	$	148.8
Prepaid expenses		177.9		169.3
Derivative receivables, primarily commodity-related		44.6		80.9
Grain contracts		1.8		3.3
Miscellaneous		15.4		21.5
Total	$	399.0	$	423.8

Components of land, buildings and equipment [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Land, buildings, and equipment:
Land	$	92.9	$	96.0
Buildings		2,236.0		2,272.7
Buildings under capital lease		0.3		0.3
Equipment		5,945.6		6,091.1
Equipment under capital lease		3.0		9.8
Capitalized software		523.0		499.0
Construction in progress		702.7		622.2
Total land, buildings, and equipment		9,503.5		9,591.1
Less accumulated depreciation		(5,759.9)		(5,807.8)
Total	$	3,743.6	$	3,783.3

Components of other assets [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Other assets:
Investments in and advances to joint ventures	$	518.9	$	530.6
Pension assets		90.9		138.2
Exchangeable note with related party		12.7		30.7
Life insurance		26.3		26.6
Miscellaneous		102.9		85.1
Total	$	751.7	$	811.2

Components of other current liabilities [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Other current liabilities:
Accrued trade and consumer promotions	$	563.7	$	564.7
Accrued payroll		386.4		361.8
Dividends payable		23.8		27.9
Accrued taxes		110.5		20.7
Accrued interest, including interest rate swaps		90.4		91.8
Grain contracts		5.5		7.8
Restructuring and other exit costs reserve		76.6		120.8
Derivative payable		35.6		122.9
Miscellaneous		302.5		271.5
Total	$	1,595.0	$	1,589.9

Components of other noncurrent liabilities [Table Text Block]

In Millions		May 29, 2016		May 31, 2015
Other noncurrent liabilities:
Accrued compensation and benefits, including obligations for underfunded other postretirement benefit and postemployment benefit plans	$	1,755.0	$	1,451.4
Accrued taxes		204.0		202.5
Miscellaneous		128.6		90.9
Total	$	2,087.6	$	1,744.8

Consolidated statements of earnings amounts [Table Text Block]

		Fiscal Year
In Millions		2016		2015		2014
Depreciation and amortization	$	608.1	$	588.3	$	585.4
Research and development expense		222.1		229.4		243.6
Advertising and media expense (including production and communication costs)		754.4		823.1		869.5

Components of interest, net [Table Text Block]

		Fiscal Year
Expense (Income), in Millions		2016		2015		2014
Interest expense	$	319.6	$	335.5	$	323.4
Capitalized interest		(7.7)		(6.9)		(4.9)
Interest income		(8.1)		(13.2)		(16.1)
Interest, net	$	303.8	$	315.4	$	302.4

Consolidated statements of cash flows supplemental disclosures [Table Text Block]

	Fiscal Year
In Millions		2016		2015		2014
Cash interest payments	$	292.0	$	305.3	$	288.3
Cash paid for income taxes		533.8		562.6		757.2