Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Aug. 28, 2022

Goodwill and Other Intangible Assets [Abstract]

Schedule of components of goodwill and other intangible assets

In Millions

Aug. 28, 2022

May 29, 2022

Goodwill

$

14,454.6

$

14,378.5

Other intangible assets:

Intangible assets not subject to amortization:

Brands and other indefinite-lived intangibles

6,706.4

6,725.8

Intangible assets subject to amortization:

Customer relationships and other finite-lived intangibles

402.1

400.3

Less accumulated amortization

(129.1)

(126.2)

Intangible assets subject to amortization, net

273.0

274.1

Other intangible assets

6,979.4

6,999.9

Total

$

21,434.0

$

21,378.4

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 29, 2022

$

6,552.9

$

6,062.8

$

648.8

$

721.6

$

392.4

$

14,378.5

Acquisition

-

-

154.3

-

-

154.3

Divestiture

-

-

-

(0.4)

-

(0.4)

Other activity, primarily 

 foreign currency translation

(3.0)

-

-

(46.6)

(28.2)

(77.8)

Balance as of Aug. 28, 2022

$

6,549.9

$

6,062.8

$

803.1

$

674.6

$

364.2

$

14,454.6

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

In Millions

Total

Balance as of May 29, 2022

$

6,999.9

Acquisition

3.8

Other activity, primarily foreign currency translation

(24.3)

Balance as of Aug. 28, 2022

$

6,979.4

In Millions

Carrying Value of

Intangible Asset

Excess Fair Value as of

Fiscal 2022 Test Date

Uncle Toby's

$

55.0

7

%