RESTRUCTURING (Tables)

3 Months Ended

Aug. 25, 2013

Restructuring and Related Activities [Abstract]

Summary of expected realization and incurred restructuring pre-tax expenses

During the first quarter of fiscal 2014, we recognized the following pre-tax expenses for the Ralcorp Related Restructuring Plan:

	Consumer Foods		Corporate		Total
Cost of goods sold	$	0.3	$	—	$	0.3
Severance and related costs	$	—	$	7.0	$	7.0
Total selling, general and administrative expenses	$	—	$	7.0	$	7.0
Consolidated total	$	0.3	$	7.0	$	7.3

We recognized the following cumulative (plan inception to August 25, 2013) pre-tax expenses related to the Ralcorp Related Restructuring Plan in our condensed consolidated statement of earnings:

	Consumer Foods		Corporate		Total
Multi-employer pension costs	$	—	$	11.2	$	11.2
Other cost of goods sold	0.3		—		0.3
Total cost of goods sold	$	0.3	$	11.2	$	11.5
Severance and related costs	$	—	$	24.2	$	24.2
Total selling, general and administrative expenses	$	—	$	24.2	$	24.2
Consolidated total	$	0.3	$	35.4	$	35.7

Liabilities recorded for the restructuring and changes therein

Liabilities recorded for the Ralcorp Related Restructuring Plan and changes therein for the first quarter of fiscal 2014 were as follows:

	Balance at May 26, 2013		Costs Incurred and Charged to Expense		Costs Paid or  Otherwise Settled			Balance at August 25, 2013
Severance	$	17.2	$	7.0	$	(3.1	)	$	21.1
Multi-employer pension and related costs	11.2		0.3		(0.3		)	11.2
Total	$	28.4	$	7.3	$	(3.4	)	$	32.3