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ACQUISITIONS (Tables)
6 Months Ended
Nov. 24, 2013
Business Combinations [Abstract]  
Summary of the initial estimated fair values of the assets acquired and liabilities assumed at the ascquisition date
The following table summarizes the preliminary estimated fair values of the Ralcorp assets acquired and liabilities assumed at the acquisition date. The fair values of the assets and liabilities related to Ralcorp are subject to refinement as we complete our analyses relative to the fair values at the date of acquisition. Changes that have occurred since initial allocation have not been retrospectively applied, as the impact on reported results would not have been material.
 
January 29,
2013
Assets acquired:
 
Cash and cash equivalents
$
320.7

Other current assets
914.7

Property, plant and equipment
982.0

Goodwill
4,374.8

Brands, trademarks and other intangibles
2,167.3

Other assets
27.7

Total assets acquired
$
8,787.2

Liabilities assumed:
 
Current liabilities
$
619.7

Noncurrent liabilities
3,096.6

Total liabilities assumed
$
3,716.3

Net assets acquired
$
5,070.9

Pro Forma Results
These pro forma results may not necessarily reflect the actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.
 
Thirteen weeks ended
 
Twenty-six weeks ended
 
November 25,
2012
 
November 25,
2012
Pro forma net sales
$
4,834.6

 
$
9,225.7

Pro forma net income from continuing operations
$
186.9

 
$
469.6

Pro forma net income from continuing operations per share—basic
$
0.46

 
$
1.16

Pro forma net income from continuing operations per share—diluted
$
0.45

 
$
1.14