GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS (Tables)

12 Months Ended

May 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for fiscal 2021 and 2020, excluding amounts classified as held for sale (see Note 6), was as follows:

	Grocery & Snacks		Refrigerated & Frozen		International			Foodservice		Total
Balance as of May 26, 2019	$	4,694.7	$	5,619.2	$	299.0		$	747.7	$	11,360.6
Purchase accounting adjustments		3.5		5.9		0.7			—		10.1
Currency translation		—		—		(9.2	)		—		(9.2	)
Balance as of May 31, 2020	$	4,698.2	$	5,625.1	$	290.5		$	747.7	$	11,361.5
Currency translation		—		—		12.0			—		12.0
Balance as of May 30, 2021	$	4,698.2	$	5,625.1	$	302.5		$	747.7	$	11,373.5

Schedule of Other Identifiable Intangible Assets, Excluding Amounts Classified as Held for Sale

Other identifiable intangible assets, excluding amounts classified as held for sale, were as follows:

	2021				2020
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Non-amortizing intangible assets	$	3,301.2	$	—	$	3,388.7	$	—
Amortizing intangible assets		1,235.3		378.9		1,232.1		318.4
	$	4,536.5	$	378.9	$	4,620.8	$	318.4

Schedule of Estimated Amortization Expense of Intangible Assets

Amortizing intangible assets, carrying a remaining weighted-average life of approximately 19 years, are principally composed of customer relationships and acquired intellectual property. For fiscal 2021, 2020, and 2019, we recognized amortization expense of $59.7 million, $59.8 million, and $49.1 million, respectively. Based on amortizing assets recognized in our Consolidated Balance Sheet as of May 30, 2021, amortization expense for the next five years is estimated to be as follows:

2022	$	59.5
2023		57.2
2024		53.9
2025		53.9
2026		43.8