Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Aug. 25, 2019

Goodwill and Other Intangible Assets [Abstract]

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

In Millions		Aug. 25, 2019		May 26, 2019
Goodwill	$	13,983.6	$	13,995.8
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,586.5		6,590.8
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		782.4		786.1
Less accumulated amortization		(217.5)		(210.1)
Intangible assets subject to amortization, net		564.9		576.0
Other intangible assets		7,151.4		7,166.8
Total	$	21,135.0	$	21,162.6

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 26, 2019	$	6,406.5	$	5,300.5	$	918.8	$	700.4	$	260.2	$	409.4	$	13,995.8
Other activity, primarily foreign
currency translation		1.3		-		-		(7.7)		(3.7)		(2.1)		(12.2)
Balance as of Aug. 25, 2019	$	6,407.8	$	5,300.5	$	918.8	$	692.7	$	256.5	$	407.3	$	13,983.6

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

In Millions		Total
Balance as of May 26, 2019	$	7,166.8
Other activity, primarily foreign currency translation		(15.4)
Balance as of Aug. 25, 2019	$	7,151.4

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%