Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 31, 2020

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

Components of goodwill and other intangible assets [Table Text Block]

In Millions		May 31, 2020		May 26, 2019
Goodwill	$	13,923.2	$	13,995.8
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,561.4		6,590.8
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		777.8		786.1
Less accumulated amortization		(243.4)		(210.1)
Intangible assets subject to amortization		534.4		576.0
Other intangible assets		7,095.8		7,166.8
Total	$	21,019.0	$	21,162.6

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 28, 2017	$	6,406.5	$	-	$	918.8	$	700.8	$	312.4	$	408.7	$	8,747.2
Acquisition		-		5,294.9		-		-		-		-		5,294.9
Other activity, primarily foreign currency translation		4.1		-		-		29.1		(27.4)		17.1		22.9
Balance as of May 27, 2018		6,410.6		5,294.9		918.8		729.9		285.0		425.8		14,065.0
Divestitures		-		-		-		-		(0.5)		-		(0.5)
Purchase accounting adjustment		-		5.6		-		-		-		-		5.6
Other activity, primarily foreign currency translation		(4.1)		-		-		(29.5)		(24.3)		(16.4)		(74.3)
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		(2.8)		-		-		(9.7)		(56.4)		(3.7)		(72.6)
Balance as of May 31, 2020	$	6,403.7	$	5,300.5	$	918.8	$	690.7	$	203.8	$	405.7	$	13,923.2

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

In Millions		Total
Balance as of May 28, 2017	$	4,530.4
Acquisition		3,015.0
Impairment charge		(96.9)
Other activity, primarily amortization and foreign currency translation		(3.4)
Balance as of May 27, 2018	$	7,445.1
Impairment charge		(192.6)
Other activity, primarily amortization and foreign currency translation		(85.7)
Balance as of May 26, 2019	$	7,166.8
Other activity, primarily amortization and foreign currency translation		(71.0)
Balance as of May 31, 2020	$	7,095.8

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

In Millions		Carrying Value of Intangible Asset	Excess Fair Value as of Fiscal 2020 Test Date
Europe & Australia	$	672.6	14	%
Progresso	$	330.0	5	%