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Stock Plans (Tables)
12 Months Ended
May 30, 2021
Stock Plans [Abstract]  
Estimated fair value of stock options granted and the assumptions used for the Black-Scholes option-pricing model [Table Text Block]

 

Fiscal Year

 

2021

 

2020

 

2019

Estimated fair values of stock options granted

$

8.03

 

 

$

7.10

 

 

$

5.35

 

Assumptions:

 

 

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

0.7

%

 

 

2.0

%

 

 

2.9

%

Expected term

 

8.5

years

 

 

8.5

years

 

 

8.5

years

Expected volatility

 

19.5

%

 

 

17.4

%

 

 

16.3

%

Dividend yield

 

3.3

%

 

 

3.6

%

 

 

4.3

%

Information on stock option activity [Table Text Block]

 

Options Outstanding (Thousands)

 

Weighted-Average Exercise Price Per Share

Weighted-Average Remaining Contractual Term (Years)

 

Aggregate Intrinsic Value (Millions)

Balance as of May 31, 2020

18,164.6

$

51.21

5.53

$

222.6

Granted

1,366.0

 

61.65

 

 

 

Exercised

(1,910.6)

 

39.15

 

 

 

Forfeited or expired

(222.5)

 

55.80

 

 

 

Outstanding as of May 30, 2021

17,397.5

$

53.29

5.26

$

174.4

Exercisable as of May 30, 2021

9,018.7

$

53.60

3.28

$

91.4

Net cash proceeds and intrinsic value of options exercised [Table Text Block]

 

 

Fiscal Year

In Millions

 

2021

 

2020

 

2019

Net cash proceeds

$

74.3

$

263.4

$

241.4

Intrinsic value of options exercised

$

44.8

$

132.9

$

126.7

Information on restricted stock unit and performance share units activity [Table Text Block]

 

Equity Classified

 

Liability Classified

 

Share-Settled Units (Thousands)

 

Weighted-Average Grant-Date Fair Value

 

Share-Settled Units (Thousands)

 

Weighted-Average Grant-Date Fair Value

Non-vested as of May 31, 2020

4,925.5

$

53.26

 

103.3

$

54.75

Granted

1,501.8

 

61.23

 

27.2

 

61.59

Vested

(1,199.3)

 

60.54

 

(28.0)

 

62.88

Forfeited or expired

(155.2)

 

55.47

 

(4.9)

 

55.82

Non-vested as of May 30, 2021

5,072.8

$

53.84

 

97.6

$

54.26

 

 

Fiscal Year

 

 

2021

 

 

2020

 

 

2019

Number of units granted (thousands)

 

1,529.0

 

 

1,947.6

 

 

1,848.2

Weighted-average price per unit

$

61.24

 

$

53.28

 

$

46.14