|
Investments in Joint Ventures (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
May 29, 2011
|
May 30, 2010
|
May 31, 2009
|
|
| Investments In Joint Ventures (Details) | Â | Â | Â |
| Cumulative investments | $ 519.1 | $ 398.1 | Â |
| JV Goodwill and other intangibles | 597.1 | 512.6 | Â |
| Aggregate advances | 293.3 | 238.2 | Â |
| Sales to joint ventures | 10.2 | 10.7 | 14.2 |
| Net advances (repayments) | 1.8 | 128.1 | (8.2) |
| Dividends received | 72.7 | 88.0 | 68.5 |
| Net sales | 2,444.9 | 2,360.0 | 2,280.0 |
| Gross Margin | 1,066.3 | 1,053.2 | 873.5 |
| Earnings before income taxes | 233.4 | 251.2 | 234.7 |
| Earnings after income taxes | 164.2 | 202.3 | 175.3 |
| Current assets | 904.7 | 731.7 | Â |
| Noncurrent assets | 1,138.0 | 907.3 | Â |
| Current liabilities | 1,690.1 | 1,322.0 | Â |
| Noncurrent liabilities | $ 103.3 | $ 112.1 | Â |
| Additional Information | We have a 50 percent equity interest in Cereal Partners Worldwide (CPW), which manufactures and markets ready-to-eat cereal products in more than 130 countries and republics outside the United States and Canada. CPW also markets cereal bars in several European countries and manufactures private label cereals for customers in the United Kingdom. We have guaranteed a portion of CPW’s debt and its pension obligation in the United Kingdom. | Â | Â |
| Equity Method Investment Activity At 100 Percent | Summary combined financial information for the joint ventures on a 100 percent basis follows: | Â | Â |
|
Cereal Partners Worldwide [Member]
|
 |  |  |
| Investments In Joint Ventures (Details) | Â | Â | Â |
| Ownership Percentage | 50.00% | Â | Â |
|
Haagen Dazs Japan [Member]
|
 |  |  |
| Investments In Joint Ventures (Details) | Â | Â | Â |
| Ownership Percentage | 50.00% | Â | Â |