DISCONTINUED OPERATIONS (Tables)

12 Months Ended

May 25, 2014

Discontinued Operations and Disposal Groups [Abstract]

Comparative financial results of the discontinued operations

The summary comparative financial results of discontinued operations were as follows:

	2014			2013			2012
Net sales	$	70.3		$	57.6		$	37.4
Long-lived asset impairment charge	(25.4		)	—			—
Income (loss) from operations of discontinued operations before income taxes	7.8			(1.2		)	10.6
Net gain on sale of businesses	26.3			—			—
Income (loss) before income taxes	8.7			(1.2		)	10.6
Income tax expense (benefit)	4.6			(0.5		)	4.1
Income (loss) from discontinued operations, net of tax	$	4.1		$	(0.7	)	$	6.5

Assets and liabilities classified as held for sale

The assets and liabilities classified as held for sale reflected in our Consolidated Balance Sheets were as follows:

	May 25, 2014		May 26, 2013
Receivables, less allowance for doubtful accounts	$	—	$	6.8
Inventories	—		53.3
Prepaids and other current assets	—		4.7
Current assets held for sale	$	—	$	64.8
Property, plant and equipment, net	$	10.9	$	101.7
Goodwill	—		24.0
Brands, trademarks and other intangibles, net	—		18.4
Noncurrent assets held for sale	$	10.9	$	144.1
Accounts payable	$	—	$	3.4
Accrued payroll	—		0.1
Other accrued liabilities	—		1.3
Current liabilities held for sale	$	—	$	4.8
Other noncurrent liabilities	$	—	$	0.1
Noncurrent liabilities held for sale	$	—	$	0.1