Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Feb. 27, 2022

Goodwill and Other Intangible Assets [Abstract]

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

In Millions	Feb. 27, 2022		May 30, 2021
Goodwill	$	14,546.7	$	14,062.4
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,731.2		6,628.1
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		403.3		823.4
Less accumulated amortization		(123.6)		(300.9)
Intangible assets subject to amortization, net		279.7		522.5
Other intangible assets		7,010.9		7,150.6
Total	$	21,557.6	$	21,213.0

Schedule of changes in the carrying amount of goodwill [Table Text Block]

In Millions	North America Retail		Pet		North America Foodservice		International		Joint Ventures		Total
Balance as of May 30, 2021	$	6,689.3	$	5,300.5	$	648.8	$	978.2	$	445.6	$	14,062.4
Acquisition		-		762.3		-		-		-		762.3
Divestitures		-		-		-		(198.8)		-		(198.8)
Other activity, primarily foreign currency translation		(6.3)		-		-		(39.1)		(33.8)		(79.2)
Balance as of Feb. 27, 2022	$	6,683.0	$	6,062.8	$	648.8	$	740.3	$	411.8	$	14,546.7

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
Divestitures		(621.8)
Intellectual property intangible asset		210.4
Other activity, primarily foreign currency translation		(98.3)
Balance as of Feb. 27, 2022	$	7,010.9

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