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GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS (Tables)
9 Months Ended
Feb. 27, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the first three quarters of fiscal 2022, excluding amounts classified as held for sale (see Note 2), was as follows:

 

 

Grocery &

Snacks

 

 

Refrigerated

& Frozen

 

 

International

 

 

Foodservice

 

 

Total

 

Balance as of May 30, 2021

 

$

4,692.4

 

 

$

5,611.2

 

 

$

302.5

 

 

$

732.8

 

 

$

11,338.9

 

Currency translation

 

 

 

 

 

 

 

 

(6.5

)

 

 

 

 

 

(6.5

)

Balance as of February 27, 2022

 

$

4,692.4

 

 

$

5,611.2

 

 

$

296.0

 

 

$

732.8

 

 

$

11,332.4

 

 

Schedule of Other Identifiable Intangible Assets

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

 

 

February 27, 2022

 

 

May 30, 2021

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brands and trademarks

 

$

3,271.3

 

 

$

 

 

$

3,273.1

 

 

$

 

Amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships and intellectual property

 

 

1,227.5

 

 

 

421.2

 

 

 

1,228.8

 

 

 

377.3

 

 

 

$

4,498.8

 

 

$

421.2

 

 

$

4,501.9

 

 

$

377.3