Debt (Tables)

12 Months Ended

May 27, 2018

DEBT [Abstract]

Schedule of Components of Notes Payable [Table Text Block]

		May 27, 2018				May 28, 2017
In Millions		NotesPayable	Weighted-AverageInterest Rate			NotesPayable	Weighted-AverageInterest Rate
U.S. commercial paper	$	1,213.5	2.2	%	$	954.7	1.1	%
Financial institutions		336.3	6.2			279.4	7.0
Total	$	1,549.8	3.1	%	$	1,234.1	2.4	%

Schedule of Fee-Paid Committed and Uncommitted Credit Lines [Table Text Block]

In Billions		Facility Amount		Borrowed Amount
Credit facility expiring:
May 2022	$	2.7	$	-
June 2019		0.2		0.1
September 2018		0.1		-
Total committed credit facilities		3.0		0.1
Uncommitted credit facilities		0.5		0.2
Total committed and uncommitted credit facilities	$	3.5	$	0.3

Schedule of Fixed Rate Note Issuance [Table Text Block]

In April 2018, we issued $4,800.0 million principal amount of fixed-rate notes. Interest on the notes is payable semi-annually in arrears. We may redeem the notes in whole, or in part, at any time at the applicable redemption price. The notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds were used to finance a portion of the Blue Buffalo acquisition.The principal amounts of these fixed-rate notes were as follows:

In Millions		Principal
4.2% notes due April 17, 2028	$	1,400.0
3.7% notes due October 17, 2023		850.0
4.0% notes due April 17, 2025		800.0
4.7% notes due April 17, 2048		650.0
3.2% notes due April 16, 2021		600.0
4.55% notes due April 17, 2038		500.0
Total	$	4,800.0

Schedule of Floating Rate Note Issuance [Table Text Block]

In April 2018, we issued $1,250.0 million principal amount of floating-rate notes. Interest on the notes is payable quarterly in arrears. The notes are not generally redeemable prior to maturity. These notes are senior unsecured obligations that include a change of control repurchase provision. The net proceeds were used to finance a portion of the Blue Buffalo acquisition. The principal amounts of these floating-rate notes were as follows:

In Millions		Principal
Floating-rate notes due April 16, 2021	$	850.0
Floating-rate notes due October 17, 2023		400.0
Total	$	1,250.0

Schedule of Long-term Debt Instruments [Table Text Block]

In Millions		May 27, 2018		May 28, 2017
4.2% notes due April 17, 2028	$	1,400.0	$	-
5.65% notes due February 15, 2019		1,150.0		1,150.0
3.15% notes due December 15, 2021		1,000.0		1,000.0
3.7% notes due October 17, 2023		850.0		-
Floating-rate notes due April 16, 2021		850.0		-
4.0% notes due April 17, 2025		800.0		-
3.2% notes due February 10, 2027		750.0		750.0
4.7% notes due April 17, 2048		650.0		-
3.2% notes due April 16, 2021		600.0		-
Euro-denominated 2.1% notes due November 16, 2020		582.6		559.2
Euro-denominated 1.0% notes due April 27, 2023		582.6		559.2
Euro-denominated floating-rate notes due January 15, 2020		582.6		559.2
1.4% notes due October 20, 2017		-		500.0
4.55% notes due April 17, 2038		500.0		-
2.6% notes due October 12, 2022		500.0		-
5.4% notes due June 15, 2040		500.0		500.0
4.15% notes due February 15, 2043		500.0		500.0
3.65% notes due February 15, 2024		500.0		500.0
2.2% notes due October 21, 2019		500.0		500.0
Euro-denominated 1.5% notes due April 27, 2027		466.1		447.3
Floating-rate notes due October 17, 2023		400.0		-
Euro-denominated floating-rate notes due March 20, 2019		349.6		335.5
Euro-denominated 2.2% notes due June 24, 2021		232.8		222.8
Medium-term notes, 2.36% to 6.59%, due fiscal 2022 or later		104.2		204.2
Other, including debt issuance costs and capital leases		(81.7)		(39.8)
		14,268.8		8,247.6
Less amount due within one year		(1,600.1)		(604.7)
Total long-term debt	$	12,668.7	$	7,642.9