Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 26, 2019

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

Components of goodwill and other intangible assets [Table Text Block]

In Millions		May 26, 2019		May 27, 2018
Goodwill	$	13,995.8	$	14,065.0
Other intangible assets:
Intangible assets not subject to amortization:
Brands and other indefinite-lived intangibles		6,590.8		6,818.7
Intangible assets subject to amortization:
Franchise agreements, customer relationships, and other finite-lived intangibles		786.1		811.7
Less accumulated amortization		(210.1)		(185.3)
Intangible assets subject to amortization		576.0		626.4
Other intangible assets		7,166.8		7,445.1
Total	$	21,162.6	$	21,510.1

Changes in the carrying amount of goodwill [Table Text Block]

In Millions		North America Retail		Pet		Convenience Stores & Foodservice		Europe & Australia		Asia & Latin America		Joint Ventures		Total
Balance as of May 29, 2016	$	6,410.3	$	-	$	921.1	$	716.5	$	287.1	$	406.2	$	8,741.2
Divestiture		-		-		(2.3)		-		-		-		(2.3)
Other activity, primarily foreign
currency translation		(3.8)		-		-		(15.7)		25.3		2.5		8.3
Balance as of May 28, 2017		6,406.5		-		918.8		700.8		312.4		408.7		8,747.2
Acquisition		-		5,294.9		-		-		-		-		5,294.9
Other activity, primarily foreign
currency translation		4.1		-		-		29.1		(27.4)		17.1		22.9
Balance as of May 27, 2018		6,410.6		5,294.9		918.8		729.9		285.0		425.8		14,065.0
Divestitures		-		-		-		-		(0.5)		-		(0.5)
Purchase accounting
adjustment		-		5.6		-		-		-		-		5.6
Other activity, primarily foreign
currency translation		(4.1)		-		-		(29.5)		(24.3)		(16.4)		(74.3)
Balance as of May 26, 2019	$	6,406.5	$	5,300.5	$	918.8	$	700.4	$	260.2	$	409.4	$	13,995.8

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

In Millions		Total
Balance as of May 29, 2016	$	4,538.6
Other activity, primarily amortization
and foreign currency translation		(8.2)
Balance as of May 28, 2017		4,530.4
Acquisition		3,015.0
Impairment charge		(96.9)
Other activity, primarily amortization
and foreign currency translation		(3.4)
Balance as of May 27, 2018		7,445.1
Impairment charges		(192.6)
Other activity, primarily amortization
and foreign currency translation		(85.7)
Balance as of May 26, 2019	$	7,166.8

Schedule of Impaired Intangible Assets [Table Text Block]

In Millions		Impairment Charge		Fair Value as of Nov. 25, 2018 (a)
Progresso	$	132.1	$	330.0
Food Should Taste Good		45.1		-
Mountain High		15.4		-
Total	$	192.6	$	330.0
(a) Level 3 assets in the fair value hierarchy.

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

In Millions		Carrying Value of Intangible Asset	Excess Fair Value as of Fiscal 2019 Test Date
Latin America	$	209.0	7%
Yoki	$	49.1	10%