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ACQUISITIONS (Tables)
12 Months Ended
May 25, 2014
Business Combinations [Abstract]  
Summary of the initial estimated fair values of the assets acquired and liabilities assumed at the ascquisition date
We have adjusted amounts to reflect the disposition of Medallion Foods.
 
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.
 
For the Fiscal Years Ended May
 
2013
 
2012
Pro forma net sales
$
18,292.4

 
$
18,254.5

Pro forma net income from continuing operations
$
845.9

 
$
607.4

Pro forma net income from continuing operations per share—basic
$
2.06

 
$
1.47

Pro forma net income from continuing operations per share—diluted
$
2.03

 
$
1.45