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PRE-TAX INCOME AND INCOME TAXES (Tables)
 12 Months Ended
May 27, 2018
Income Tax Disclosure [Abstract]  
Schedule of Pre-Tax Income from Continuing Operations
Pre-tax income from continuing operations (including equity method investment earnings) consisted of the following:
 
2018
 
2017
 
2016
United States
$
902.5

 
$
883.5

 
$
136.9

Foreign
69.6

 
(82.8
)
 
38.0

 
$
972.1

 
$
800.7

 
$
174.9
Schedule of the Provision for Income Taxes
The provision for income taxes included the following:
 
2018
 
2017
 
2016
Current
 
 
 
 
 
Federal
$
153.1

 
$
201.5

 
$
206.5

State
17.8

 
6.7

 
31.0

Foreign
32.5

 
6.5

 
8.6

 
203.4

 
214.7

 
246.1

Deferred
 
 
 
 
 
Federal
(43.7
)
 
62.1

 
(161.5
)
State
17.4

 
(5.3
)
 
(38.9
)
Foreign
(2.5
)
 
(16.8
)
 
0.7

 
(28.8
)
 
40.0

 
(199.7
)
 
$
174.6

 
$
254.7

 
$
46.4
Reconciliation of Income Taxes to the Provision for Income Taxes
Income taxes computed by applying the U.S. Federal statutory rates to income from continuing operations before income taxes are reconciled to the provision for income taxes set forth in the Consolidated Statements of Operations as follows:
 
2018
 
2017
 
2016
Computed U.S. Federal income taxes
$
285.3

 
$
280.2

 
$
61.2

State income taxes, net of U.S. Federal tax impact
18.0

 
22.4

 
(6.4
)
Remeasurement of U.S. deferred taxes
(241.6
)
 
—

 
—

Transition tax on foreign earnings
19.8

 
—

 
—

Tax credits and domestic manufacturing deduction
(20.6
)
 
(19.8
)
 
(16.5
)
Federal rate differential on legal reserve
12.6

 
—

 
—

Goodwill and intangible impairments
—

 
104.7

 
—

Stock compensation
(5.7
)
 
(18.8
)
 
—

Change of valuation allowance on capital loss carryforward
78.6

 
(84.1
)
 
—

Change in estimate related to tax methods used for certain international sales, federal credits, and state credits
—

 
(8.0
)
 
6.0

Other
28.2

 
(21.9
)
 
2.1

 
$
174.6

 
$
254.7

 
$
46.4
Schedule of the Tax Effect of Temporary Differences and Carryforwards
The tax effect of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consisted of the following:
 
May 27, 2018
 
May 28, 2017
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Property, plant and equipment
$
—

 
$
141.0

 
$
—

 
$
216.6

Goodwill, trademarks and other intangible assets
—

 
406.2

 
—

 
623.4

Accrued expenses
15.5

 
—

 
20.2

 
—

Compensation related liabilities
34.1

 
—

 
63.9

 
—

Pension and other postretirement benefits
45.8

 
—

 
275.2

 
—

Investment in unconsolidated subsidiaries
—

 
165.8

 
—

 
237.8

Other liabilities that will give rise to future tax deductions
109.7

 
—

 
117.9

 
—

Net capital and operating loss carryforwards
762.5

 
—

 
1,112.5

 
—

Other
26.3

 
6.1

 
60.0

 
6.3

 
993.9

 
719.1

 
1,649.7

 
1,084.1

Less: Valuation allowance
(739.6
)
 
—

 
(1,013.4
)
 
—

Net deferred taxes
$
254.3

 
$
719.1

 
$
636.3

 
$
1,084.1
Schedule of Change in Unrecognized Tax Benefits
The change in the unrecognized tax benefits for the year ended May 27, 2018 was:
Beginning balance on May 28, 2017
$
39.3

Increases from positions established during prior periods
14.5

Decreases from positions established during prior periods
(11.5
)
Increases from positions established during the current period
3.5

Decreases relating to settlements with taxing authorities
(10.3
)
Reductions resulting from lapse of applicable statute of limitation
(2.9
)
Other adjustments to liability
(0.1
)
Ending balance on May 27, 2018
$
32.5