v3.25.2
Supplemental Information
 12 Months Ended
May 25, 2025
Supplemental Information [Abstract]  
Supplemental Information
NOTE 18. SUPPLEMENTAL
 
INFORMATION
The components of certain Consolidated Balance Sheets accounts are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Receivables:
Customers
$
1,829.1
$
1,721.2
Less allowance for doubtful accounts
(33.2)
(25.0)
Total
$
1,795.9
$
1,696.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Inventories:
Finished goods
$
1,883.9
$
1,827.7
Raw materials and packaging
460.0
500.5
Grain
112.5
111.1
Excess of FIFO over LIFO cost (a)
(545.6)
(541.1)
Total
$
1,910.8
$
1,898.2
Inventories
 
of
 
$
1,305.6
 
million
 
as
 
of
 
May
 
25,
 
2025,
 
and
 
$
1,135.3
 
million
 
as
 
of
 
May
 
26,
 
2024,
 
were
 
valued
 
at
 
LIFO.
 
The
difference between
 
replacement cost
 
and the
 
stated LIFO
 
inventory value
 
is not
 
materially different
 
from the
 
reserve for
 
the
LIFO valuation method.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Prepaid expenses and other current assets:
Prepaid expenses
$
269.0
$
266.1
Other receivables
141.2
221.6
Derivative receivables
11.6
20.8
Miscellaneous
42.9
60.0
Total
$
464.7
$
568.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Land, buildings, and equipment:
Equipment
$
6,722.2
$
6,985.6
Buildings
2,535.8
2,640.2
Construction in progress
598.1
899.9
Capitalized software
531.6
506.8
Land
50.4
57.3
Equipment under finance lease
7.3
10.3
Buildings under finance lease
0.3
0.3
Total land,
 
buildings, and equipment
10,445.7
11,100.4
Less accumulated depreciation
(6,813.1)
(7,236.5)
Total
$
3,632.6
$
3,863.9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Other assets:
Investments in and advances to joint ventures
$
431.9
$
397.9
Right of use operating lease assets
399.1
366.1
Deferred income taxes
186.1
167.5
Pension assets
144.7
89.1
Miscellaneous
297.2
273.9
Total
$
1,459.0
$
1,294.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Other current liabilities:
Accrued trade and consumer promotions
$
527.2
$
502.3
Accrued payroll
311.7
304.7
Accrued interest, including interest rate swaps
148.9
88.1
Current portion of operating lease liabilities
115.3
102.2
Accrued taxes
102.1
82.1
Restructuring, transformation, and other exit costs reserve
77.1
14.8
Derivative payables
31.5
20.6
Dividends payable
22.9
20.9
Miscellaneous
287.3
283.7
Total
$
1,624.0
$
1,419.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
May 25, 2025
May 26, 2024
Other non-current liabilities:
Accrued compensation and benefits, including obligations for underfunded
 
other
 
postretirement benefit and postemployment benefit plans
$
642.5
$
708.6
Non-current portion of operating lease liabilities
302.8
282.8
Accrued taxes
215.9
186.8
Miscellaneous
67.4
105.3
Total
$
1,228.6
$
1,283.5
Please see Note 3 for additional information on certain assets and liabilities classified as held
 
for sale as of May 25, 2025.
Certain Consolidated Statements of Earnings amounts are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
In Millions
2025
2024
2023
Depreciation and amortization
$
539.0
$
552.7
$
546.6
Research and development expense
256.6
257.8
257.6
Advertising and media expense (including production and
 
communication costs)
847.5
824.6
810.0
The components of interest, net are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
In Millions
2025
2024
2023
Interest expense
$
559.6
$
509.4
$
400.5
Capitalized interest
(10.8)
(11.4)
(4.4)
Interest income
(24.6)
(18.8)
(14.0)
Interest, net
$
524.2
$
479.2
$
382.1
Certain Consolidated Statements of Cash Flows amounts are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
In Millions
2025
2024
2023
Cash interest payments
$
474.4
$
464.4
$
337.1
Cash paid for income taxes
599.2
660.5
682.6