Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Feb. 24, 2019

Goodwill and Other Intangible Assets [Abstract]

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

In Millions		Feb. 24, 2019		May 27, 2018
Goodwill	$	14,025.8	$	14,065.0
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,606.5		6,818.7
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		792.8		811.7
Less accumulated amortization		(203.6)		(185.3)
Intangible assets subject to amortization, net		589.2		626.4
Other intangible assets		7,195.7		7,445.1
Total	$	21,221.5	$	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		(1.4)		-		-		(19.1)		(7.1)		(11.6)		(39.2)
Balance as of Feb. 24, 2019	$	6,409.2	$	5,294.9	$	918.8	$	710.8	$	277.9	$	414.2	$	14,025.8

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
Impairment charges		(192.6)
Other activity, primarily foreign currency translation		(56.8)
Balance as of Feb. 24, 2019	$	7,195.7

Schedule of Impaired Intangible Assets [Table Text Block]

In Millions		Impairment Charge		Fair Value as of Nov. 25, 2018 (a)
Progresso	$	132.1	$	330.0
Food Should Taste Good		45.1		-
Mountain High		15.4		-
Total	$	192.6	$	330.0
(a) Level 3 assets in the fair value hierarchy.

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

In Millions		Carrying Value of Intangible Asset	Excess Fair Value as of Fiscal 2019 Test Date
Latin America	$	209.0	7%
Yoki	$	49.1	10%