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SHARE-BASED PAYMENTS (Tables)
 12 Months Ended
May 25, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted average Black-Scholes assumptions for stock options granted
The fair value of each option is estimated on the date of grant using a Black-Scholes option-pricing model with the following weighted average assumptions for stock options granted:
 
2014
 
2013
 
2012
Expected volatility (%)
21.13
 
22.95
 
22.89
Dividend yield (%)
3.24
 
3.77
 
3.97
Risk-free interest rates (%)
1.37
 
0.57
 
1.38
Expected life of stock option (years)
4.91
 
4.80
 
4.75
Summary of the option activity
A summary of the option activity as of May 25, 2014 and changes during the fiscal year then ended is presented below:
Options
Number
of Options
(in Millions)
 
Weighted
Average
Exercise
Price
 
Average
Remaining
Contractual
Term
(Years)
 
Aggregate
Intrinsic
Value (in
Millions)
Outstanding at May 26, 2013
19.9

 
$
23.73

 
 
 
 
Granted
3.6

 
$
36.87

 
 
 
 
Exercised
(4.4
)
 
$
23.97

 
 
 
$
46.9

Forfeited
(0.5
)
 
$
26.88

 
 
 
 
Expired
—

 
$
—

 
 
 
 
Outstanding at May 25, 2014
18.6

 
$
26.15

 
4.79
 
$
120.4

Exercisable at May 25, 2014
12.1

 
$
23.23

 
2.99
 
$
101.0
Changes in nonvested share units
The following table summarizes the nonvested share units as of May 25, 2014 and changes during the fiscal year then ended:
 
Stock-settled
 
Cash-settled
Share Units
Share Units
(in millions)
 
Weighted
Average
Grant-Date
Fair Value
 
Share Units
(in millions)
 
Weighted
Average
Grant-Date
Fair Value
Nonvested share units at May 26, 2013
3.65

 
$
25.30

 
0.89

 
$
24.74

Granted
0.87

 
$
36.22

 
0.81

 
$
36.89

Vested/Issued
(1.28
)
 
$
24.23

 
(0.01
)
 
$
24.74

Forfeited
(0.21
)
 
$
28.27

 
(0.11
)
 
$
29.84

Nonvested share units at May 25, 2014
3.03

 
$
28.71

 
1.58

 
$
30.60
Summary of the activity for performance share awards
A summary of the activity for performance share awards as of May 25, 2014 and changes during the fiscal year then ended is presented below:
Performance Shares
Shares
(in  Millions)
 
Weighted
Average
Grant-Date
Fair Value
Nonvested performance shares at May 26, 2013
1.25

 
$
24.24

Granted
0.40

 
$
34.07

Adjustments for performance results attained
(0.13
)
 
$
21.46

Vested/Issued
(0.28
)
 
$
21.46

Forfeited
(0.07
)
 
$
29.39

Nonvested performance shares at May 25, 2014
1.17

 
$
28.27