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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May 27, 2018
Accounting Policies [Abstract]  
Balances of Allowance for Doubtful Accounts and Changes Therein
The following table details the balances of our allowance for doubtful accounts and changes therein:
 
 
Balance at
Beginning
of Period
 
Additions
Charged
to Costs  and
Expenses
 
Other
 
Deductions
from
Reserves
 
Balance at
Close of
Period
Year ended May 27, 2018
 
$
3.1

 
0.8

 
—

 
1.9

(2) 
$
2.0

Year ended May 28, 2017
 
$
3.2

 
1.0

 
—

 
1.1

(2) 
$
3.1

Year ended May 29, 2016
 
$
3.0

 
1.1

 
(0.1
)
(1) 
0.8

(2) 
$
3.2

(1) 
Primarily translation incurred during fiscal 2016.
(2) 
Bad debts charged off and adjustments to previous reserves, less recoveries.
Schedule of Estimated Useful Lives of Property, Plant and Equipment
Depreciation has been calculated using the straight-line method over the estimated useful lives of the respective classes of assets as follows:
 
 
 
Land improvements
  
1 - 40 years 
Buildings
  
15 - 40 years
Machinery and equipment
  
3 - 20 years 
Furniture, fixtures, office equipment and other
  
5 - 15 years 
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:
 
2018
 
2017
 
2016
Currency translation losses, net of reclassification adjustments
$
(94.7
)
 
$
(98.6
)
 
$
(95.2
)
Derivative adjustments, net of reclassification adjustments
1.0

 
(1.1
)
 
(0.4
)
Unrealized gains (losses) on available-for-sale securities
0.6

 
(0.3
)
 
(0.6
)
Pension and post-employment benefit obligations, net of reclassification adjustments
(17.4
)
 
(112.9
)
 
(248.3
)
Accumulated other comprehensive loss 1
$
(110.5
)
 
$
(212.9
)
 
$
(344.5
)

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 Loss into Income (Loss)
The following table summarizes the reclassifications from accumulated other comprehensive loss into income (loss):
 
 
 
 
 
 
 
Affected Line Item in the Consolidated Statement of Operations1
 
2018
 
2017
 
2016
 
 
Net derivative adjustment, net of tax:
 
 
 
 
 
 
 
     Cash flow hedges
$
0.1

 
$
(0.2
)
 
$
(2.1
)
 
Interest expense, net
 
0.1

 
(0.2
)
 
(2.1
)
 
Total before tax
 
—

 
0.1

 
0.8

 
Income tax expense
 
$
0.1

 
$
(0.1
)
 
$
(1.3
)
 
Net of tax
Amortization of pension and postretirement healthcare liabilities:
 
 
 
 
 
 
 
     Net prior service benefit
$
(0.4
)
 
$
(3.9
)
 
$
(5.1
)
 
Selling, general and administrative expenses
     Divestiture of Private Brands
—

 
—

 
(4.3
)
 
Income (loss) from discontinued operations, net of tax
     Pension settlement of equity method investee
—

 
—

 
(5.2
)
 
Equity method investment earnings
     Pension settlement
1.3

 
13.8

 
—

 
Selling, general and administrative expenses
     Net actuarial loss
—

 
0.5

 
0.1

 
Selling, general and administrative expenses
 
0.9

 
10.4

 
(14.5
)
 
Total before tax
 
(0.2
)
 
(4.0
)
 
4.9

 
Income tax expense
 
$
0.7

 
$
6.4

 
$
(9.6
)
 
Net of tax
Currency translation losses
$
—

 
$
—

 
$
73.4

 
Income (loss) from discontinued operations, net of tax
 
—

 
—

 
73.4

 
Total before tax
 
—

 
—

 
—

 
Income tax expense
 
$
—

 
$
—

 
$
73.4

 
Net of tax

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