PRE-TAX INCOME AND INCOME TAXES (Income Taxes Computed using U.S. Federal Statutory Rates) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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May 25, 2014
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May 26, 2013
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May 27, 2012
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Income Tax Disclosure [Abstract] | |||
Computed U.S. Federal income taxes | $ 213.2 | $ 415.6 | $ 230.9 |
State income taxes, net of U.S. Federal tax impact | 25.6 | 20.1 | 11.5 |
Tax credits and domestic manufacturing deduction | (28.9) | (23.9) | (21.1) |
Audit adjustments and settlements | (19.1) | 0.5 | 0.8 |
Effect of taxes booked on foreign operations | (23.0) | (17.1) | (15.7) |
Non-taxable gain from investment in ATFL | 0 | 0 | (20.5) |
Goodwill and intangible impairments | 185.2 | 0 | 0 |
Change in legal structure and other state elections | (23.5) | 0 | 0 |
Change in estimate related to tax methods used for certain international sales | (20.9) | 0 | 0 |
Other | (10.4) | 5.5 | 5.8 |
Income tax expense (benefit) continuing operations, total | $ 298.2 | $ 400.7 | $ 191.7 |
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- Definition
Income Tax Reconciliation Change in Estimate Related to Tax Methods Used for Certain International Sales No definition available.
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- Definition
Income Tax Reconciliation Change in Legal Structure and Other State Elections No definition available.
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- Definition
Income tax reconciliation tax credits and domestic manufacturing deduction. No definition available.
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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income (loss) exempt from income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax settlements. Including, but not limited to, domestic tax settlement, foreign tax settlement, state and local tax settlement, and other tax settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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