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SHARE-BASED PAYMENTS (Tables)
12 Months Ended
May 26, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Nonvested Share Units and Changes
The following table summarizes the nonvested share units as of May 26, 2019 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 27, 2018
1.78

 
$
34.20

 
0.71

 
$
34.58

Granted
0.89

 
$
35.43

 
1.95

 
$
36.37

Vested/Issued
(0.72
)
 
$
33.29

 
(1.64
)
 
$
35.55

Forfeited
(0.14
)
 
$
35.08

 
(0.05
)
 
$
36.07

Nonvested share units at May 26, 2019
1.81

 
$
34.89

 
0.97

 
$
36.20

Summary of Activity for Performance Share Awards and Changes
A summary of the activity for performance share awards as of May 26, 2019 and changes during the fiscal year then ended is presented below:
Performance Shares
Share Units
(in Millions)
 
Weighted
Average
Grant-Date
Fair Value
Nonvested performance shares at May 27, 2018
1.00

 
$
33.40

Granted
0.45

 
$
35.96

Adjustments for performance results attained and dividend equivalents
0.18

 
$
31.03

Vested/Issued
(0.43
)
 
$
31.03

Forfeited
(0.05
)
 
$
34.54

Nonvested performance shares at May 26, 2019
1.15

 
$
34.89

Schedule of Weighted Average 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:
 
2017
Expected volatility (%)
19.15
Dividend yield (%)
2.33
Risk-free interest rates (%)
1.03
Expected life of stock option (years)
4.94
Summary of Option Activity and Changes
A summary of the option activity as of May 26, 2019 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 27, 2018
5.1

 
$
28.11

 
 
 
 
Exercised
(0.6
)
 
$
20.75

 
 
 
$
7.9

Expired
(0.1
)
 
$
29.84

 
 
 
 
Outstanding at May 26, 2019
4.4

 
$
29.00

 
5.47
 
$
9.9

Exercisable at May 26, 2019
4.1

 
$
28.38

 
5.32
 
$
9.9

Summary of Stock Appreciation Rights Activity
A summary of the stock appreciation rights activity as of May 26, 2019 and changes during the fiscal year then ended is presented below:
Stock Appreciation Rights
Number
of Options
(in Millions)
 
Weighted
Average
Exercise
Price
 
Average
Remaining
Contractual
Term
(Years)
 
Aggregate
Intrinsic
Value (in
Millions)
Granted
2.3

 
$
27.09

 
 
 
 
Exercised
(0.1
)
 
$
24.79

 
 
 
$
0.1

Expired
(1.8
)
 
$
26.92

 
 
 
 
Outstanding at May 26, 2019
0.4

 
$
28.13

 
0.16
 
$
0.6

Exercisable at May 26, 2019
0.4

 
$
28.13

 
0.16
 
$
0.6