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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Nov. 29, 2020
Goodwill and Other Intangible Assets [Abstract]  
Schedule of components of goodwill and other intangible assets [Table Text Block]

In Millions

 

Nov. 29, 2020

 

May 31, 2020

Goodwill

$

14,020.4

$

13,923.2

Other intangible assets:

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

Brands and other indefinite-lived intangibles

 

6,611.7

 

6,561.4

Intangible assets subject to amortization:

 

 

 

 

Franchise agreements, customer relationships, and other finite-lived intangibles

 

812.2

 

777.8

Less accumulated amortization

 

(276.4)

 

(243.4)

Intangible assets subject to amortization, net

 

535.8

 

534.4

Other intangible assets

 

7,147.5

 

7,095.8

Total

$

21,167.9

$

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

 

 

6.8

 

 

-

 

 

-

 

 

53.9

 

 

5.0

 

 

31.5

 

 

97.2

Balance as of Nov. 29, 2020

 

$

6,410.5

 

$

5,300.5

 

$

918.8

 

$

744.6

 

$

208.8

 

$

437.2

 

$

14,020.4

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

 

 

51.7

Balance as of Nov. 29, 2020

 

$

7,147.5