Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Aug. 26, 2018

Goodwill and Other Intangible Assets [Abstract]

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

In Millions		Aug. 26, 2018		May 27, 2018
Goodwill	$	14,030.4	$	14,065.0
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,805.9		6,818.7
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		802.8		811.7
Less accumulated amortization		(187.9)		(185.3)
Intangible assets subject to amortization, net		614.9		626.4
Other intangible assets		7,420.8		7,445.1
Total	$	21,451.2	$	21,510.1

Schedule of changes in the carrying amount of goodwill [Table Text Block]

In Millions		North America Retail		Pet		Convenience Stores & Foodservice		Europe & Australia		Asia & Latin America		Joint Ventures		Total
Balance as of May 27, 2018	$	6,410.6	$	5,294.9	$	918.8	$	729.9	$	285.0	$	425.8	$	14,065.0
Other activity, primarily foreign
currency translation		(0.5)		-		-		(6.6)		(26.4)		(1.1)		(34.6)
Balance as of Aug. 26, 2018	$	6,410.1	$	5,294.9	$	918.8	$	723.3	$	258.6	$	424.7	$	14,030.4

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

In Millions		Total
Balance as of May 27, 2018	$	7,445.1
Other activity, primarily foreign currency translation		(24.3)
Balance as of Aug. 26, 2018	$	7,420.8

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 was 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%

Schedule of Impaired Intangible Assets [Table Text Block]

We recorded a $96.9 million impairment charge in the fourth quarter of fiscal 2018 related to these assets as follows:

In Millions	Impairment Charge	Carrying Value as of May 27, 2018
Yoki	$65.0	$63.6
Mountain High	20.0	15.4
Immaculate Baking	11.9	-
Total	$96.9	$79.0