Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 28, 2017

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

Components of goodwill and other intangible assets [Table Text Block]

In Millions		May 28, 2017		May 29, 2016
Goodwill	$	8,747.2	$	8,741.2
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		4,161.1		4,147.5
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		524.8		536.9
Less accumulated amortization		(155.5)		(145.8)
Intangible assets subject to amortization		369.3		391.1
Other intangible assets		4,530.4		4,538.6
Total	$	13,277.6	$	13,279.8

Changes in the carrying amount of goodwill [Table Text Block]

In Millions		North America Retail		Convenience Stores & Foodservice		Europe & Australia		Asia & Latin America		Joint Ventures		Total
Balance as of May 25, 2014	$	5,975.1	$	921.1	$	866.1	$	390.0	$	498.2	$	8,650.5
Acquisition		589.8		-		-		-		-		589.8
Other activity, primarily foreign
currency translation		(18.7)		-		(147.0)		(103.0)		(96.7)		(365.4)
Balance as of May 31, 2015		6,546.2		921.1		719.1		287.0		401.5		8,874.9
Acquisitions		54.1		-		-		29.4		-		83.5
Divestitures		(184.5)		-		-		(1.9)		-		(186.4)
Other activity, primarily foreign
currency translation		(5.5)		-		(2.6)		(27.4)		4.7		(30.8)
Balance as of May 29, 2016		6,410.3		921.1		716.5		287.1		406.2		8,741.2
Divestiture		-		(2.3)		-		-		-		(2.3)
Other activity, primarily foreign
currency translation		(3.8)		-		(15.7)		25.3		2.5		8.3
Balance as of May 28, 2017	$	6,406.5	$	918.8	$	700.8	$	312.4	$	408.7	$	8,747.2

Changes in the carrying amount of other intangible assets [Table Text Block]

In Millions		Total
Balance as of May 25, 2014	$	5,014.3
Acquisition		268.4
Impairment charge		(260.0)
Other activity, primarily amortization
and foreign currency translation		(345.7)
Balance as of May 31, 2015		4,677.0
Acquisitions		30.1
Divestiture		(119.6)
Other activity, primarily amortization
and foreign currency translation		(48.9)
Balance as of May 29, 2016		4,538.6
Other activity, primarily amortization
and foreign currency translation		(8.2)
Balance as of May 28, 2017	$	4,530.4

Schedule of at-risk brand intangibles [Table Text Block]

In Millions	Carrying Value	Excess Fair Value Above Carrying Value
Latin America	$523.0	15%
Immaculate Baking	$12.0	17%