Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Nov. 23, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Components of Goodwill and Other Intangible Assets

The components of goodwill and other intangible assets are as follows:

In Millions	Nov. 23, 2025	May 25, 2025
Goodwill	$15,601.5	$15,622.4
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles	6,767.9	6,816.7
Intangible assets subject to amortization:
Customer relationships and other finite-lived intangibles	421.2	420.9
Less accumulated amortization	(166.5)	(156.2)
Intangible assets subject to amortization, net	254.7	264.7
Other intangible assets	7,022.6	7,081.4
Total	$22,624.1	$22,703.8

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during the six-month period ended November 23, 2025, were as follows:

In Millions	North America Retail	North America Pet	North America Foodservice	International (a)	Corporate and Joint Ventures	Total
Balance as of May 25, 2025	$6,323.5	$7,149.5	$755.5	$951.7	$442.2	$15,622.4
Purchase accounting adjustment	—	(32.5)	—	—	—	(32.5)
Other activity, primarily   foreign currency translation	(2.8)	—	(0.1)	9.0	5.5	11.6
Balance as of Nov. 23, 2025	$6,320.7	$7,117.0	$755.4	$960.7	$447.7	$15,601.5

(a)The carrying amounts of goodwill within the International segment as of May 25, 2025, and November 23, 2025, were net of

accumulated impairment losses of $117.1 million. For additional information, see Note 6 to the Consolidated Financial Statements

included in our Annual Report on Form 10-K for the fiscal year ended May 25, 2025.

Schedule of Changes in Carrying Amount of Other Intangible Assets

The changes in the carrying amount of other intangible assets during the six-month period ended November 23, 2025, were as follows:

In Millions	Total
Balance as of May 25, 2025	$7,081.4
Impairment charge	(52.9)
Other activity, primarily amortization and foreign currency translation	(5.9)
Balance as of Nov. 23, 2025	$7,022.6