ACQUISITIONS (Tables)

9 Months Ended

Feb. 23, 2014

Summary of the initial estimated fair values of the assets acquired and liabilities assumed at the ascquisition date

The following table summarizes the fair values of the Ralcorp assets acquired and liabilities assumed at the acquisition date. With the expected disposition of a small snack business within the private brand segment ("PB Snacks"), we have reclassified certain assets and liabilities as held for sale.



	January 29, 2013
Assets acquired:
Cash and cash equivalents	$	320.7
Other current assets	899.0
Current assets held for sale	14.1
Property, plant and equipment	955.9
Goodwill	4,360.6
Brands, trademarks and other intangibles	2,152.7
Other assets	27.7
Noncurrent assets held for sale	57.2
Total assets acquired	$	8,787.9
Liabilities assumed:
Current liabilities	$	616.2
Current liabilities held for sale	4.6
Noncurrent liabilities	3,097.3
Noncurrent liabilities held for sale	0.1
Total liabilities assumed	$	3,718.2
Net assets acquired	$	5,069.7

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		Thirty-nine weeks ended
	February 24, 2013		February 24, 2013
Pro forma net sales	$	4,511.8	$	13,728.9
Pro forma net income from continuing operations	$	179.5	$	647.8
Pro forma net income from continuing operations per share—basic	$	0.44	$	1.59
Pro forma net income from continuing operations per share—diluted	$	0.43	$	1.56