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Investments in Unconsolidated Joint Ventures (Tables)
12 Months Ended
May 31, 2020
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES [Abstract]  
Joint Venture Related Financial Statement Activity [Table Text Block]

In Millions

 

May 31, 2020

 

May 26, 2019

Cumulative investments

$

481.4

$

452.9

Goodwill and other intangibles

 

460.5

 

472.1

Aggregate advances included in cumulative investments

 

279.5

 

249.0

 

Fiscal Year

In Millions

 

2020

 

2019

 

2018

Sales to joint ventures

$

5.9

$

4.2

$

7.4

Net advances (repayments)

 

48.0

 

(0.1)

 

17.3

Dividends received

 

76.5

 

86.7

 

113.2

Summarized Joint Venture Financial Statement Activity on 100% Basis [Table Text Block]

 

Fiscal Year

In Millions

 

2020

 

2019

 

2018

Net sales:

 

 

 

 

 

 

CPW

$

1,654.3

$

1,647.7

$

1,734.0

HDJ

 

391.3

 

396.2

 

430.4

Total net sales

 

2,045.6

 

2,043.9

 

2,164.4

Gross margin

 

785.3

 

744.4

 

853.6

Earnings before income taxes

 

214.0

 

155.4

 

216.2

Earnings after income taxes

 

176.5

 

111.9

 

176.7

In Millions

 

May 31, 2020

 

May 26, 2019

Current assets

$

870.0

$

895.6

Noncurrent assets

 

781.4

 

839.2

Current liabilities

 

1,365.6

 

1,517.3

Noncurrent liabilities

 

104.2

 

77.1