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SHARE-BASED PAYMENTS (Tables)
 12 Months Ended
May 28, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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
 
2016
 
2015
Expected volatility (%)
19.15
 
17.88
 
17.45
Dividend yield (%)
2.33
 
2.74
 
3.10
Risk-free interest rates (%)
1.03
 
1.60
 
1.58
Expected life of stock option (years)
4.94
 
4.96
 
4.92
Summary of Option Activity and Changes
A summary of the option activity as of May 28, 2017 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 29, 2016
7.1

 
$
33.11

 
 
 
 
Granted
1.1

 
$
48.01

 
 
 
 
Exercised
(2.9
)
 
$
28.89

 
 
 
$
128.6

Forfeited
(0.9
)
 
$
35.62

 
 
 
 
Expired
—

 
$
—

 
 
 
 
Conversion for the Spinoff of Lamb Weston
1.9

 
$
26.90

 
 
 
 
Outstanding at May 28, 2017
6.3

 
$
27.12

 
6.92
 
$
171.4

Exercisable at May 28, 2017
3.8

 
$
23.77

 
5.84
 
$
90.8
Summary of Nonvested Share Units and Changes
The following table summarizes the nonvested share units as of May 28, 2017 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 29, 2016
1.54

 
$
38.67

 
1.46

 
$
37.53

Granted
0.56

 
$
46.79

 
0.39

 
$
48.07

Vested/Issued
(0.58
)
 
$
35.78

 
(0.51
)
 
$
36.40

Forfeited
(0.39
)
 
$
40.44

 
(0.46
)
 
$
39.41

Conversion for the Spinoff of Lamb Weston
0.43

 
$
31.27

 
0.33

 
$
30.48

Nonvested share units at May 28, 2017
1.56

 
$
31.59

 
1.21

 
$
30.52
Summary of Activity for Performance Share Awards and Changes
A summary of the activity for performance share awards as of May 28, 2017 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 29, 2016
0.75

 
$
36.09

Granted
0.22

 
$
46.94

Adjustments for performance results attained and dividend equivalents
(0.16
)
 
$
35.05

Vested/Issued
(0.06
)
 
$
35.05

Forfeited
(0.15
)
 
$
28.32

Conversion for the Spinoff of Lamb Weston
0.26

 
$
29.09

Nonvested performance shares at May 28, 2017
0.86

 
$
29.23