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Stock Plans (Tables)
12 Months Ended
May 31, 2020
STOCK PLANS [Abstract]  
Estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model [Table Text Block]

 

Fiscal Year

 

2020

 

2019

 

2018

Estimated fair values of stock options granted

$

7.10

 

 

$

5.35

 

 

$

6.18

 

Assumptions:

 

 

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

2.0

%

 

 

2.9

%

 

 

2.2

%

Expected term

 

8.5

years

 

 

8.5

years

 

 

8.2

years

Expected volatility

 

17.4

%

 

 

16.3

%

 

 

15.8

%

Dividend yield

 

3.6

%

 

 

4.3

%

 

 

3.6

%

Information on stock option activity [Table Text Block]

 

Options Outstanding (Thousands)

 

Weighted-Average Exercise Price Per Share

Weighted-Average Remaining Contractual Term (Years)

 

Aggregate Intrinsic Value (Millions)

Balance as of May 26, 2019

23,653.0

$

47.12

4.82

$

180.00

Granted

2,065.0

 

53.70

 

 

 

Exercised

(7,066.0)

 

37.98

 

 

 

Forfeited or expired

(487.4)

 

55.91

 

 

 

Outstanding as of May 31, 2020

18,164.6

$

51.21

5.53

$

222.6

Exercisable as of May 31, 2020

8,706.4

$

47.28

3.25

$

137.3

Net cash proceeds and intrinsic value of options exercised [Table Text Block]

 

 

Fiscal Year

In Millions

 

2020

 

2019

 

2018

Net cash proceeds

$

263.4

$

241.4

$

99.3

Intrinsic value of options exercised

$

132.9

$

126.7

$

83.6

Information on restricted stock unit and performance share units activity [Table Text Block]

 

Equity Classified

 

Liability Classified

 

Share-Settled Units (Thousands)

 

Weighted-Average Grant-Date Fair Value

 

Share-Settled Units (Thousands)

 

Weighted-Average Grant-Date Fair Value

Non-vested as of May 26, 2019

4,272.3

$

53.87

 

108.1

$

55.45

Granted

1,913.4

 

53.27

 

34.2

 

53.64

Vested

(1,039.7)

 

55.81

 

(29.5)

 

56.38

Forfeited or expired

(220.5)

 

53.00

 

(9.5)

 

53.73

Non-vested as of May 31, 2020

4,925.5

$

53.26

 

103.3

$

54.75

 

 

Fiscal Year

 

 

2020

 

 

2019

 

 

2018

Number of units granted (thousands)

 

1,947.6

 

 

1,848.2

 

 

1,551.3

Weighted-average price per unit

$

53.28

 

$

46.14

 

$

55.12