Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Feb. 25, 2018

Goodwill and Other Intangible Assets [Abstract]

Schedule of components of goodwill and other intangible assets [Table Text Block]

In Millions		Feb. 25, 2018		May 28, 2017
Goodwill	$	8,867.3	$	8,747.2
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		4,222.2		4,161.1
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		570.0		524.8
Less accumulated amortization		(188.1)		(155.5)
Intangible assets subject to amortization, net		381.9		369.3
Other intangible assets		4,604.1		4,530.4
Total	$	13,471.4	$	13,277.6

Schedule of 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 28, 2017	$	6,406.5	$	918.8	$	700.8	$	312.4	$	408.7	$	8,747.2
Other activity, primarily foreign
currency translation		7.3		-		68.4		3.8		40.6		120.1
Balance as of Feb. 25, 2018	$	6,413.8	$	918.8	$	769.2	$	316.2	$	449.3	$	8,867.3

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

In Millions		Total
Balance as of May 28, 2017	$	4,530.4
Other activity, primarily foreign currency translation		73.7
Balance as of Feb. 25, 2018	$	4,604.1

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

The excess fair value as of the fiscal 2018 test date of the Yoki and Progresso brand intangible assets and the Latin America reporting unit is as follows:

In Millions		Carrying Value of Intangible Asset	Excess Fair Value as of Fiscal 2018 Test Date
Yoki	$	138.2	1%
Progresso		462.1	6%
Latin America	$	272.0	21%