XML 83 R68.htm IDEA: XBRL DOCUMENT v3.19.2
LONG-TERM DEBT - Narrative (Details)
2 Months Ended 3 Months Ended 12 Months Ended
Nov. 09, 2016
USD ($)
Nov. 01, 2016
USD ($)
Jul. 19, 2019
USD ($)
Nov. 25, 2018
USD ($)
tranche
May 27, 2018
USD ($)
Feb. 25, 2018
USD ($)
Nov. 26, 2017
USD ($)
Feb. 26, 2017
USD ($)
Aug. 28, 2016
USD ($)
May 26, 2019
USD ($)
May 27, 2018
USD ($)
May 28, 2017
USD ($)
Nov. 27, 2022
Aug. 26, 2018
USD ($)
Debt Instrument [Line Items]                            
Aggregate principal amount issued         $ 3,526,400,000         $ 10,722,000,000 $ 3,526,400,000      
Repayments of long-term debt                   3,972,700,000 242,300,000 $ 1,064,500,000    
Proceeds from the termination of interest rate swaps                   (47,500,000) 0 0    
Repayment of remaining capital lease liability balance           $ 28,500,000                
Net loss on early retirement of debt                   $ 5,500,000 0 93,300,000    
Required ratio of EBITDA to interest expense (not less than)                   3.0        
Required ratio of funded debt to EBITDA (not greater than)                   5.875        
Interest paid from continuing operations                   $ 375,600,000 164,500,000 $ 223,700,000    
Senior notes                            
Debt Instrument [Line Items]                            
Net loss on early retirement of debt $ 60,600,000                          
2023                            
Debt Instrument [Line Items]                            
Required ratio of funded debt to EBITDA (not greater than)                         3.75  
Spinoff | Lamb Weston                            
Debt Instrument [Line Items]                            
Lamb Weston notes   $ 1,540,000,000                        
Interest expense                            
Debt Instrument [Line Items]                            
Impact on net interest expense of interest rate swaps entered into                   2,000,000        
Interest rate swap                            
Debt Instrument [Line Items]                            
Proceeds from the termination of interest rate swaps                   47,500,000        
Unsecured debt | Federal funds rate                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       0.50%                    
Unsecured debt | One-month LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       1.00%                    
Senior notes                            
Debt Instrument [Line Items]                            
Net loss on early retirement of debt               $ 32,700,000            
Floating rate notes                            
Debt Instrument [Line Items]                            
Principal balance repaid on floating rate notes                 $ 550,000,000          
Term Loan Credit Agreement | Unsecured debt                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued                           $ 1,300,000,000.0
Issuance of term loans       $ 1,300,000,000.00                    
Repayments of long-term debt                   900,000,000        
New Senior Unsecured Notes | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       7,025,000,000.000                    
LIBOR plus 0.75% senior debt due October 2020 | Senior notes | LIBOR                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 525,000,000.0 0         $ 525,000,000 0      
Number of tranches issued | tranche       7                    
Basis spread on variable rate (percent)       0.75%           0.75%        
3.8% senior debt due October 2021 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 1,200,000,000.00 0         $ 1,200,000,000 0      
Stated interest rate (percent)       3.80%           3.80%        
4.3% senior debt due May 2024 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 1,000,000,000.0 0         $ 1,000,000,000 0      
Stated interest rate (percent)       4.30%           4.30%        
4.6% senior debt due November 2025 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 1,000,000,000.0 0         $ 1,000,000,000 0      
Stated interest rate (percent)       4.60%           4.60%        
4.85% senior debt due November 2028 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 1,300,000,000.00 0         $ 1,300,000,000 0      
Stated interest rate (percent)       4.85%           4.85%        
5.3% senior debt due November 2038 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 1,000,000,000.0 0         $ 1,000,000,000 0      
Stated interest rate (percent)       5.30%           5.30%        
5.4% senior debt due November 2048 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued       $ 1,000,000,000.0 0         $ 1,000,000,000 $ 0      
Stated interest rate (percent)       5.40%           5.40%        
Three-year tranche loans maturing October 26, 2021 | Unsecured debt                            
Debt Instrument [Line Items]                            
Issuance of term loans       $ 650,000,000.0                    
Debt instrument term       3 years           3 years        
Repayments of long-term debt                   $ 450,000,000        
Three-year tranche loans maturing October 26, 2021 | Unsecured debt | Minimum | LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       1.00%                    
Three-year tranche loans maturing October 26, 2021 | Unsecured debt | Minimum | One-month LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       0.00%                    
Three-year tranche loans maturing October 26, 2021 | Unsecured debt | Maximum | LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       1.625%                    
Three-year tranche loans maturing October 26, 2021 | Unsecured debt | Maximum | One-month LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       0.625%                    
Three-year tranche loans maturing October 26, 2021 | Unsecured debt | Subsequent event                            
Debt Instrument [Line Items]                            
Debt instrument term     3 years                      
Repayments of long-term debt     $ 100,000,000                      
Five-year tranche loans maturing October 26, 2023 | Unsecured debt                            
Debt Instrument [Line Items]                            
Issuance of term loans       $ 650,000,000.0                    
Debt instrument term       5 years           5 years        
Repayments of long-term debt                   $ 450,000,000        
Five-year tranche loans maturing October 26, 2023 | Unsecured debt | Minimum | LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       1.125%                    
Five-year tranche loans maturing October 26, 2023 | Unsecured debt | Minimum | One-month LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       0.125%                    
Five-year tranche loans maturing October 26, 2023 | Unsecured debt | Maximum | LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       1.75%                    
Five-year tranche loans maturing October 26, 2023 | Unsecured debt | Maximum | One-month LIBOR                            
Debt Instrument [Line Items]                            
Basis spread on variable rate (percent)       0.75%                    
Five-year tranche loans maturing October 26, 2023 | Unsecured debt | Subsequent event                            
Debt Instrument [Line Items]                            
Debt instrument term     5 years                      
Repayments of long-term debt     $ 100,000,000                      
Pinnacle's credit agreement and Other debt agreements                            
Debt Instrument [Line Items]                            
Repayments of long-term debt       $ 2,400,000,000                    
Debt issuance costs capitalized       $ 49,600,000                    
5.875% Senior notes due January 15, 2024 | Senior notes                            
Debt Instrument [Line Items]                            
Stated interest rate (percent)       5.875%                    
Repayments of long-term debt       $ 350,000,000                    
Charge recognized upon early retirement of debt       $ 3,900,000                    
Prior Term Loan Agreement                            
Debt Instrument [Line Items]                            
Aggregate principal amount           $ 300,000,000                
Borrowings under term loan agreement         $ 300,000,000                  
2.1% senior notes due 2018 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued $ 154,900,000                          
Stated interest rate (percent) 2.10%       2.10%           2.10%      
Repayments of long-term debt         $ 70,000,000                  
1.9% senior notes due 2018 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued $ 880,400,000                          
Stated interest rate (percent) 1.90%         1.90%                
Repayments of long-term debt           $ 119,600,000                
LIBOR plus 0.50% senior debt due October 2020 | Senior notes | LIBOR                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued         $ 500,000,000         $ 500,000,000 $ 500,000,000      
Basis spread on variable rate (percent)                   0.50%        
LIBOR plus 0.50% senior debt due October 2020 | Floating rate notes | LIBOR                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued             $ 500,000,000.0              
Basis spread on variable rate (percent)             0.50%              
5.819% senior notes due 2017 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued $ 250,200,000                          
Stated interest rate (percent) 5.819%             5.819%            
Repayments of long-term debt               $ 224,800,000            
7.0% senior notes due 2019 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued $ 86,900,000                          
Stated interest rate (percent) 7.00%             7.00%            
Repayments of long-term debt               $ 248,200,000            
4.95% senior notes due 2020 | Senior notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount issued $ 71,100,000                          
Stated interest rate (percent) 4.95%                          
Bridge Financing                            
Debt Instrument [Line Items]                            
Aggregate principal amount                           9,000,000,000.0
Financing costs capitalized                           $ 45,700,000
Amortization of debt costs included in net interest expense                   $ 11,900,000        
Bridge Financing | Selling, general and administrative expense                            
Debt Instrument [Line Items]                            
Amortization of debt costs included in net interest expense                   $ 33,800,000