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PRE-TAX INCOME AND INCOME TAXES - Schedule of the Tax Effect of Temporary Differences and Carryforwards (Details) - USD ($)
$ in Millions
May 26, 2019
May 27, 2018
Assets    
Inventory $ 15.2 $ 2.6
Accrued expenses 11.8 15.5
Compensation related liabilities 35.9 34.1
Pension and other postretirement benefits 54.6 45.8
Other liabilities that will give rise to future tax deductions 123.5 109.7
Net capital and operating loss carryforwards 766.5 762.5
Federal credits 18.0 3.5
Other 37.6 23.6
Gross deferred tax assets 1,063.1 997.3
Less: Valuation allowance (738.1) (739.6)
Net deferred taxes 325.0 257.7
Liabilities    
Property, plant and equipment 240.7 141.0
Goodwill, trademarks and other intangible assets 1,187.0 406.2
Investment in unconsolidated subsidiaries 185.4 165.8
Other 24.0 9.5
Gross deferred tax liabilities 1,637.1 722.5
Net deferred taxes $ 1,637.1 $ 722.5