Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Aug. 30, 2020

Goodwill and Other Intangible Assets [Abstract]

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

In Millions		Aug. 30, 2020		May 31, 2020
Goodwill	$	14,010.1	$	13,923.2
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,606.6		6,561.4
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		809.8		777.8
Less accumulated amortization		(266.0)		(243.4)
Intangible assets subject to amortization, net		543.8		534.4
Other intangible assets		7,150.4		7,095.8
Total	$	21,160.5	$	21,019.0

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 31, 2020	$	6,403.7	$	5,300.5	$	918.8	$	690.7	$	203.8	$	405.7	$	13,923.2
Other activity, primarily foreign currency translation		5.8		-		-		51.3		0.5		29.3		86.9
Balance as of Aug. 30, 2020	$	6,409.5	$	5,300.5	$	918.8	$	742.0	$	204.3	$	435.0	$	14,010.1

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

In Millions		Total
Balance as of May 31, 2020	$	7,095.8
Other activity, primarily foreign currency translation		54.6
Balance as of Aug. 30, 2020	$	7,150.4

Schedule of at-risk brand assets [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%