CAPITAL STOCK

12 Months Ended

May 25, 2014

Equity [Abstract]

CAPITAL STOCK

CAPITAL STOCK

We have authorized shares of preferred stock as follows:

Class B—$50 par value; 150,000 shares

Class C—$100 par value; 250,000 shares

Class D—without par value; 1,100,000 shares

Class E—without par value; 16,550,000 shares

There were no preferred shares issued or outstanding as of May 25, 2014.

We have repurchased our shares of common stock from time to time after considering market conditions and in accordance with repurchase limits authorized by our Board of Directors. In December 2011, our Board of Directors approved a $750.0 million increase to the share repurchase program. We repurchased approximately 2.9 million shares of our common stock for approximately $100.0 million, 9.1 million shares of our common stock for approximately $245.0 million, and approximately 13.8 million shares of our common stock for approximately $352.4 million in fiscal 2014, 2013, and 2012, respectively, under this program.