SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Feb. 23, 2014

Accounting Policies [Abstract]

Income tax expense (benefit) on components of other comprehensive income

The following details the income tax expense (benefit) on components of other comprehensive income (loss):

	Thirteen weeks ended						Thirty-nine weeks ended
	February 23, 2014			February 24, 2013			February 23, 2014		February 24, 2013
Net derivative adjustment	$	15.6		$	19.1		$	38.9	$	17.4
Unrealized gains (losses) on available-for-sale securities	(0.1		)	0.1			0.1		0.1
Pension and postretirement healthcare liabilities	0.2			(1.8		)	0.9		(1.2		)
	$	15.7		$	17.4		$	39.9	$	16.3

Reclassifications from accumulated other comprehensive loss into income

The following table summarizes the reclassifications from accumulated other comprehensive loss into income for the thirteen weeks and thirty-nine weeks ended February 23, 2014:

	Amount reclassified from Accumulated Other Comprehensive Loss 1						Affected Line Item in the Condensed Consolidated Statement of Earnings
	Thirteen weeks ended			Thirty-nine weeks ended
Net derivative adjustment:
Fair value hedges	$	0.1		$	0.3		Interest expense, net
Cash flow hedges	(0.1		)	(0.2		)	Interest expense, net
Cash flow hedges 2	54.9			54.9			Selling, general and administrative expenses
	54.9			55.0			Total before tax
	(20.5		)	(20.5		)	Income tax benefit 2
	$	34.4		$	34.5		Net of tax
Amortization of pension and postretirement healthcare liabilities:
Net prior service cost	$	(0.8	)	$	(2.5	)	Selling, general and administrative expenses
Net actuarial losses	1.7			5.0			Selling, general and administrative expenses
	0.9			2.5			Total before tax
	(0.3		)	(0.9		)	Income tax benefit
	$	0.6		$	1.6		Net of tax

¹ Amounts in parentheses indicate income recognized in the Condensed Consolidated Statement of Earnings.

² Amounts include $41.8 million less deferred tax benefit of $15.6 million previously reported in accumulated other comprehensive loss.