Goodwill And Other Intangible Assets (Tables)

12 Months Ended

May 28, 2023

Goodwill And Other Intangible Assets [Abstract]

Components Of Goodwill And Other Intangible Assets

In Millions

May 28, 2023

May 29, 2022

Goodwill

$

14,511.2

$

14,378.5

Other intangible assets:

Intangible assets not subject to amortization:

Brands and other indefinite-lived intangibles

6,712.4

6,725.8

Intangible assets subject to amortization:

Customer relationships and other finite-lived intangibles

386.3

400.3

Less accumulated amortization

(131.1)

(126.2)

Intangible assets subject to amortization

255.2

274.1

Other intangible assets

6,967.6

6,999.9

Total

$

21,478.8

$

21,378.4

Changes In Carrying Amount Of Goodwill

In Millions

North

America

Retail

Pet

North

America

Foodservice

International

Joint

Ventures

Total

Balance as of May 31, 2020

$

6,673.7

$

5,300.5

$

648.8

$

894.5

$

405.7

$

13,923.2

Divestiture

-

-

-

(1.2)

-

(1.2)

Other activity, primarily foreign

 currency translation

15.6

-

-

84.9

39.9

140.4

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

-

-

-

(201.8)

-

(201.8)

Reclassified to assets held for sale

(130.0)

-

-

-

-

(130.0)

Other activity, primarily foreign

 currency translation

(6.4)

-

-

(54.8)

(53.2)

(114.4)

Balance as of May 29, 2022

6,552.9

6,062.8

648.8

721.6

392.4

14,378.5

Acquisition

-

-

156.8

-

-

156.8

Divestitures

(2.0)

-

-

(0.4)

-

(2.4)

Other activity, primarily foreign

 currency translation

(8.5)

-

-

(12.8)

(0.4)

(21.7)

Balance as of May 28, 2023

$

6,542.4

$

6,062.8

$

805.6

$

708.4

$

392.0

$

14,511.2

Changes In Carrying Amount Of Other Intangible Assets

In Millions

Total

Balance as of May 31, 2020

$

7,095.8

Divestiture

(5.3)

Other activity, primarily amortization and foreign currency translation

60.1

Balance as of May 30, 2021

7,150.6

Acquisition

370.0

Divestitures

(621.8)

Intellectual property intangible asset

210.4

Other activity, primarily amortization and foreign currency translation

(109.3)

Balance as of May 29, 2022

6,999.9

Acquisition

3.8

Divestiture

(3.6)

Other activity, primarily amortization and foreign currency translation

(32.5)

Balance as of May 28, 2023

$

6,967.6