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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Feb. 27, 2022
Feb. 28, 2021
Cash Flows - Operating Activities    
Net earnings, including earnings attributable to redeemable and noncontrolling interests $ 1,909.2 $ 1,946.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 430.6 454.5
After-tax earnings from joint ventures (92.0) (89.5)
Distributions of earnings from joint ventures 49.0 41.9
Stock-based compensation 80.3 69.5
Deferred income taxes 81.3 110.9
Pension and other postretirement benefit plan contributions (20.7) (25.7)
Pension and other postretirement benefit plan costs (10.6) (25.5)
Divestitures gain (170.1) 0.0
Restructuring, impairment, and other exit costs (62.5) 5.7
Changes in current assets and liabilities, excluding the effects of acquisition and divestitures 91.5 (145.4)
Other, net (57.9) (134.6)
Net cash provided by operating activities 2,228.1 2,207.9
Cash Flows - Investing Activities    
Purchases of land, buildings, and equipment (350.6) (346.4)
Acquisition, net of cash acquired (1,201.3) 0.0
Proceeds from divestitures, net of cash divested 46.1 0.0
Investments In affiliates, net 30.1 18.1
Proceeds from disposal of land, buildings, and equipment 1.6 1.8
Other, net 12.3 (5.5)
Net cash used by investing activities (1,461.8) (332.0)
Cash Flows - Financing Activities    
Change in notes payable 471.5 (96.9)
Issuance of long-term debt 1,935.2 1,576.5
Payment of long-term debt (2,278.2) (1,159.0)
Debt exchange participation incentive cash payment 0.0 (201.4)
Proceeds from common stock issued on exercised options 96.2 39.4
Purchases of common stock for treasury (550.5) (0.6)
Dividends paid (934.1) (932.4)
Distributions to noncontrolling and redeemable interest holders (110.8) (47.9)
Other, net (26.8) (30.4)
Net cash used by financing activities (1,397.5) (852.7)
Effect of exchange rate changes on cash and cash equivalents (29.6) 53.2
(Decrease) increase in cash and cash equivalents (660.8) 1,076.4
Cash and cash equivalents - beginning of year 1,505.2 1,677.8
Cash and cash equivalents - end of period 844.4 2,754.2
Cash Flow from changes in current assets and liabilities, excluding the effects of acquisition and divestitures:    
Receivables (214.5) (119.2)
Inventories 102.5 (302.2)
Prepaid expenses and other current assets 41.5 58.8
Accounts payable (14.0) 154.7
Other current liabilities 176.0 62.5
Changes in current assets and liabilities $ 91.5 $ (145.4)