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INVESTMENTS IN JOINT VENTURES (Tables) | 12 Months Ended
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May 31, 2020
Equity Method Investments And Joint Ventures [Abstract] |
Summary of Combined Financial Information | Summarized combined financial information for our equity method investments on a 100% basis is as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |
Ardent Mills |  | $ | 3,393.9 |  |  | $ | 3,476.0 |  |  | $ | 3,344.1 |
Others |  |  | 225.0 |  |  |  | 195.4 |  |  |  | 198.8 |
Total net sales |  | $ | 3,618.9 |  |  | $ | 3,671.4 |  |  | $ | 3,542.9 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |  |
Ardent Mills |  | $ | 313.1 |  |  | $ | 281.9 |  |  | $ | 386.5 |
Others |  |  | 49.4 |  |  |  | 45.5 |  |  |  | 34.8 |
Total gross margin |  | $ | 362.5 |  |  | $ | 327.4 |  |  | $ | 421.3 |
Earnings after income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Ardent Mills |  | $ | 144.5 |  |  | $ | 151.9 |  |  | $ | 197.0 |
Others |  |  | 19.3 |  |  |  | 18.1 |  |  |  | 10.1 |
Total earnings after income taxes |  | $ | 163.8 |  |  | $ | 170.0 |  |  | $ | 207.1 |
|  | May 31, 2020 |  |  | May 26, 2019 |
Ardent Mills: |  |  |  |  |  |  |  |
Current assets |  | $ | 1,010.6 |  |  | $ | 952.6 |
Noncurrent assets |  |  | 1,720.2 |  |  |  | 1,669.8 |
Current liabilities |  |  | 454.8 |  |  |  | 361.2 |
Noncurrent liabilities |  |  | 503.4 |  |  |  | 496.9 |
Others: |  |  |  |  |  |  |  |
Current assets |  | $ | 87.1 |  |  | $ | 89.2 |
Noncurrent assets |  |  | 24.5 |  |  |  | 19.0 |
Current liabilities |  |  | 44.1 |  |  |  | 43.4 |
Noncurrent liabilities |  |  | 8.3 |  |  |  | 0.7 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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