Supplemental Information (Tables)

12 Months Ended

May 27, 2018

SUPPLEMENTAL INFORMATION [Abstract]

Components of receivables [Table Text Block]

In Millions		May 27, 2018		May 28, 2017
Receivables:
Customers	$	1,712.6	$	1,454.4
Less allowance for doubtful accounts		(28.4)		(24.3)
Total	$	1,684.2	$	1,430.1

Components of inventories [Table Text Block]

In Millions		May 27, 2018		May 28, 2017
Inventories:
Raw materials and packaging	$	400.0	$	395.4
Finished goods		1,364.2		1,224.3
Grain		91.2		73.0
Excess of FIFO over LIFO cost (a)		(213.2)		(209.1)
Total	$	1,642.2	$	1,483.6

(a) Inventories of $832.2 million as of May 27, 2018, and $893.8 million as of May 28, 2017, were valued at LIFO. The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method.

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

In Millions		May 27, 2018		May 28, 2017
Prepaid expenses and other current assets:
Other receivables	$	174.4	$	163.7
Prepaid expenses		165.6		168.9
Derivative receivables, primarily commodity-related		40.5		35.0
Grain contracts		7.1		2.7
Miscellaneous		10.7		11.3
Total	$	398.3	$	381.6

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

In Millions		May 27, 2018		May 28, 2017
Land, buildings, and equipment:
Land	$	77.7	$	79.8
Buildings		2,396.3		2,249.2
Buildings under capital lease		0.3		0.3
Equipment		6,236.6		6,095.9
Equipment under capital lease		5.8		3.0
Capitalized software		593.6		545.4
Construction in progress		692.9		553.0
Total land, buildings, and equipment		10,003.2		9,526.6
Less accumulated depreciation		(5,956.0)		(5,838.9)
Total	$	4,047.2	$	3,687.7

Components of other assets [Table Text Block]

In Millions		May 27, 2018		May 28, 2017
Other assets:
Investments in and advances to joint ventures	$	499.6	$	505.3
Pension assets		309.9		144.9
Life insurance		26.9		25.6
Miscellaneous		106.6		110.1
Total	$	943.0	$	785.9

Components of other current liabilities [Table Text Block]

In Millions		May 27, 2018		May 28, 2017
Other current liabilities:
Accrued trade and consumer promotions	$	499.6	$	482.6
Accrued payroll		347.0		326.6
Dividends payable		17.5		21.5
Accrued taxes		94.8		58.0
Accrued interest, including interest rate swaps		107.7		83.8
Grain contracts		1.2		5.6
Restructuring and other exit costs reserve		66.8		85.0
Derivative payable		8.3		18.1
Miscellaneous		302.9		291.0
Total	$	1,445.8	$	1,372.2

Components of other noncurrent liabilities [Table Text Block]

In Millions		May 27, 2018		May 28, 2017
Other noncurrent liabilities:
Accrued compensation and benefits, including obligations for underfunded other postretirement benefit and postemployment benefit plans	$	999.4	$	1,249.7
Accrued taxes		265.3		162.3
Miscellaneous		76.3		111.1
Total	$	1,341.0	$	1,523.1

Consolidated statements of earnings amounts [Table Text Block]

		Fiscal Year
In Millions		2018		2017		2016
Depreciation and amortization	$	618.8	$	603.6	$	608.1
Research and development expense		219.1		218.2		222.1
Advertising and media expense (including production and communication costs)		575.9		623.8		754.4

Components of interest, net [Table Text Block]

		Fiscal Year
Expense (Income), in Millions		2018		2017		2016
Interest expense	$	389.5	$	306.7	$	319.6
Capitalized interest		(4.1)		(4.6)		(7.7)
Interest income		(11.7)		(7.0)		(8.1)
Interest, net	$	373.7	$	295.1	$	303.8

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

	Fiscal Year
In Millions		2018		2017		2016
Cash interest payments	$	269.5	$	285.8	$	292.0
Cash paid for income taxes		489.4		551.1		533.8