FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Nov. 24, 2013

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 24, 2013:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	5.2	$	51.9	$	—	$	57.1
Available-for-sale securities	2.5		—		—		2.5
Deferred compensation assets	6.8		—		—		6.8
Total assets	$	14.5	$	51.9	$	—	$	66.4
Liabilities:
Derivative liabilities	$	—	$	84.7	$	—	$	84.7
Deferred compensation liabilities	41.3		—		—		41.3
Total liabilities	$	41.3	$	84.7	$	—	$	126.0

The following table presents our financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 26, 2013:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	13.9	$	64.7	$	—	$	78.6
Available-for-sale securities	6.1		—		—		6.1
Deferred compensation assets	6.9		—		—		6.9
Total assets	$	26.9	$	64.7	$	—	$	91.6
Liabilities:
Derivative liabilities	$	—	$	137.9	$	—	$	137.9
Deferred compensation liabilities	35.9		—		—		35.9
Total liabilities	$	35.9	$	137.9	$	—	$	173.8