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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Feb. 24, 2019
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, net of tax:
 
February 24, 2019
 
May 27, 2018
Currency translation losses, net of reclassification adjustments
$
(102.3
)
 
$
(94.7
)
Derivative adjustments, net of reclassification adjustments
34.8

 
1.0

Unrealized gains on available-for-sale securities
—

 
0.6

Pension and post-employment benefit obligations, net of reclassification adjustments
(18.2
)
 
(17.4
)
Accumulated other comprehensive loss 1
$
(85.7
)
 
$
(110.5
)
1 Net of unrealized gains on available-for-sale securities of $0.6 million reclassified to retained earnings as a result of the adoption of ASU 2016-01.
Summary of Reclassifications
The following table summarizes the reclassifications from accumulated other comprehensive loss into income:

 
 
Thirteen weeks ended
 
Affected Line Item in the Condensed Consolidated Statement of Earnings1
 
 
February 24, 2019
 
February 25, 2018
 
 
Net derivative adjustment, net of tax:
 
 
 
 
 
 
     Cash flow hedges
 
$
(0.9
)
 
$
—

 
Interest expense, net
 
 
(0.9
)
 
—

 
Total before tax
 
 
0.3

 
—

 
Income tax expense
 
 
$
(0.6
)
 
$
—

 
Net of tax
Pension and postretirement liabilities:
 

 

 

     Net prior service cost (benefit)
 
$
0.2

 
$
(0.1
)
 
Pension and postretirement non-service income
     Net actuarial gain
 
(0.3
)
 
—

 
Pension and postretirement non-service income
 
 
(0.1
)
 
(0.1
)
 
Total before tax
 
 
—

 
—

 
Income tax expense
 
 
$
(0.1
)
 
$
(0.1
)
 
Net of tax


 
 
Thirty-nine weeks ended
 
Affected Line Item in the Condensed Consolidated Statement of Earnings1
 
 
February 24, 2019
 
February 25, 2018
 
 
Net derivative adjustment, net of tax:
 
 
 
 
 
 
     Cash flow hedges
 
$
(1.1
)
 
$
0.1

 
Interest expense, net
 
 
(1.1
)
 
0.1

 
Total before tax
 
 
0.3

 
—

 
Income tax expense
 
 
$
(0.8
)
 
$
0.1

 
Net of tax
Pension and postretirement liabilities:
 
 
 
 
 
 
     Net prior service cost (benefit)
 
$
0.6

 
$
(0.4
)
 
Pension and postretirement non-service income
     Net actuarial gain
 
(1.1
)
 
—

 
Pension and postretirement non-service income
 
 
(0.5
)
 
(0.4
)
 
Total before tax
 
 
0.1

 
0.1

 
Income tax expense
 
 
$
(0.4
)
 
$
(0.3
)
 
Net of tax
1 Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.
Schedule of Effects of Changes Resulting From Adoption of New Accounting Pronouncements
The effect of the changes made to our Condensed Consolidated Balance Sheet as of February 24, 2019 for the adoption of Topic 606 was as follows:
 
As Reported
 
Adjustments
 
Balances without Adoption of Topic 606
Current assets
 
 
 
 
 
  Receivables, less allowance for doubtful accounts
$
870.2

 
$
9.6

 
$
879.8

  Inventories
1,638.6

 
(4.4
)
 
1,634.2

  Prepaid expenses and other current assets
107.6

 
(7.1
)
 
100.5

Current liabilities
 
 
 
 
 
  Other accrued liabilities
851.8

 
(1.1
)
 
850.7

Other noncurrent liabilities
1,918.8

 
(0.2
)
 
1,918.6

The effect of the changes made to our Condensed Consolidated Statement of Earnings for the adoption of Topic 606 was as follows:
 
Thirteen weeks ended February 24, 2019
 
As Reported
 
Adjustments
 
Balances without Adoption of Topic 606
Net sales
$
2,707.1

 
$
11.6

 
$
2,718.7

Cost of goods sold
1,954.8

 
8.4

 
1,963.2

Income from continuing operations before income taxes and equity method investment earnings
297.1

 
3.2

 
300.3

 
Thirty-nine weeks ended February 24, 2019
 
As Reported
 
Adjustments
 
Balances without Adoption of Topic 606
Net sales
$
6,925.2

 
$
18.9

 
$
6,944.1

Cost of goods sold
4,980.2

 
21.2

 
5,001.4

Income from continuing operations before income taxes and equity method investment earnings
635.5

 
(2.3
)
 
633.2

As a result, the following amounts were reclassified in the third quarter and first three quarters of fiscal 2018 to correspond to the current year presentation:
 
Thirteen weeks ended
 
Thirty-nine weeks ended
 
February 25,
2018
 
February 25,
2018
Reclassified from Selling, general and administrative expense
$
21.9

 
$
60.0

Reclassified to Pension and postretirement non-service income
$
21.9

 
$
60.0