Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Feb. 28, 2016

Goodwill and Other Intangible Assets [Abstract]

Schedule of components of goodwill and other intangible assets [Table Text Block]

In Millions		Feb. 28, 2016		May 31, 2015
Goodwill	$	8,692.4	$	8,874.9
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		4,119.5		4,262.1
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		533.7		544.0
Less accumulated amortization		(143.4)		(129.1)
Intangible assets subject to amortization, net		390.3		414.9
Other intangible assets		4,509.8		4,677.0
Total	$	13,202.2	$	13,551.9

Schedule of changes in the carrying amount of goodwill [Table Text Block]

In Millions		U.S. Retail		International		Convenience Stores and Foodservice		Joint Ventures		Total
Balance as of May 31, 2015	$	6,419.0	$	1,133.3	$	921.1	$	401.5	$	8,874.9
Acquisitions		54.1		28.6		-		-		82.7
Divestiture		(180.2)		(4.3)		-		-		(184.5)
Other activity, primarily foreign
currency translation		-		(78.7)		-		(2.0)		(80.7)
Balance as of Feb. 28, 2016	$	6,292.9	$	1,078.9	$	921.1	$	399.5	$	8,692.4

Schedule of changes in the carrying amount of other intangible assets [Table Text Block]

In Millions		U.S. Retail		International		Joint Ventures		Total
Balance as of May 31, 2015	$	3,311.9	$	1,301.5	$	63.6	$	4,677.0
Acquisitions		23.1		7.0		-		30.1
Divestiture		(119.4)		-		-		(119.4)
Other activity, primarily foreign currency translation		(2.8)		(75.7)		0.6		(77.9)
Balance as of Feb. 28, 2016	$	3,212.8	$	1,232.8	$	64.2	$	4,509.8

Schedule of at-risk brand assets [Table Text Block]

During the second quarter of fiscal 2016, we changed the date of our annual goodwill and indefinite-lived intangible asset impairment assessment from the first day of the third quarter to the first day of the second quarter to more closely align with the timing of our annual long-range planning process. As of our fiscal 2016 assessment date, there was no impairment of any of our goodwill or indefinite-lived intangible assets as their related fair values were substantially in excess of the carrying values, except for theMountain High and Uncle Toby’sbrand assets. The excess fair value above the carrying value of these brand assets is as follows:

In Millions		Carrying Value	Excess Fair Value Above Carrying Value
Mountain High	$	35.4	20%
Uncle Toby's	$	52.2	11%