Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Nov. 28, 2021

Goodwill and Other Intangible Assets [Abstract]

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

In Millions	Nov. 28, 2021		May 30, 2021
Goodwill	$	14,523.2	$	14,062.4
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,529.1		6,628.1
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		402.5		823.4
Less accumulated amortization		(117.7)		(300.9)
Intangible assets subject to amortization, net		284.8		522.5
Other intangible assets		6,813.9		7,150.6
Total	$	21,337.1	$	21,213.0

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 30, 2021	$	6,419.3	$	5,300.5	$	918.8	$	765.5	$	212.7	$	445.6	$	14,062.4
Acquisition		-		759.4		-		-		-		-		759.4
Reclassified to assets held for sale		-		-		-		(184.6)		(10.3)		-		(194.9)
Other activity, primarily foreign currency translation		(7.1)		-		-		(53.2)		(11.4)		(32.0)		(103.7)
Balance as of Nov. 28, 2021	$	6,412.2	$	6,059.9	$	918.8	$	527.7	$	191.0	$	413.6	$	14,523.2

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

In Millions		Total
Balance as of May 30, 2021	$	7,150.6
Acquisition		370.0
Reclassified to assets held for sale		(621.8)
Other activity, primarily foreign currency translation		(84.9)
Balance as of Nov. 28, 2021	$	6,813.9

In Millions		Carrying Value of Intangible Asset	Excess Fair Value as of Fiscal 2022 Test Date
Uncle Toby's	$	55.0	7%