SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Feb. 25, 2018

Accounting Policies [Abstract]

Schedule of Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax

The following table details the accumulated balances for each component of other comprehensive income (loss), net of tax:

	February 25, 2018			May 28, 2017
Currency translation losses, net of reclassification adjustments	$	(73.0	)	$	(98.6	)
Derivative adjustments, net of reclassification adjustments	0.5			(1.1		)
Unrealized gains (losses) on available-for-sale securities	0.8			(0.3		)
Pension and post-employment benefit obligations, net of reclassification adjustments	(103.8		)	(112.9		)
Accumulated other comprehensive loss 1	$	(175.5	)	$	(212.9	)

¹ Net of stranded tax effects from change in tax rate as a result of the early adoption of ASU 2018-02 in the amount of $17.4 million which has been reclassified to retained earnings.

Summary of Reclassifications From Accumulated Other Comprehensive Income (Loss)

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) into operations:

	Thirteen weeks ended						Affected Line Item in the Condensed Consolidated Statement of Earnings1
	February 25, 2018			February 26, 2017
Net derivative adjustment, net of tax:
Cash flow hedges	$	—		$	(0.2	)	Interest expense, net
	—			(0.2		)	Total before tax
	—			0.1			Income tax expense
	$	—		$	(0.1	)	Net of tax
Pension and postretirement liabilities:
Net prior service benefit	$	(0.1	)	$	(0.9	)	Selling, general and administrative expenses
Pension settlement	—			13.8			Selling, general and administrative expenses
Net actuarial loss	—			0.1			Selling, general and administrative expenses
	(0.1		)	13.0			Total before tax
	—			(5.0		)	Income tax expense
	$	(0.1	)	$	8.0		Net of tax

	Thirty-nine weeks ended						Affected Line Item in the Condensed Consolidated Statement of Earnings1
	February 25, 2018			February 26, 2017
Net derivative adjustment, net of tax:
Cash flow hedges	$	0.1		$	(0.2	)	Interest expense, net
	0.1			(0.2		)	Total before tax
	—			0.1			Income tax expense
	$	0.1		$	(0.1	)	Net of tax
Pension and postretirement liabilities:
Net prior service benefit	$	(0.4	)	$	(2.9	)	Selling, general and administrative expenses
Pension settlement	—			13.8			Selling, general and administrative expenses
Net actuarial loss	—			0.3			Selling, general and administrative expenses
	(0.4		)	11.2			Total before tax
	0.1			(4.3		)	Income tax expense
	$	(0.3	)	$	6.9		Net of tax

¹ Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.