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Fair Value Measurements (Tables)
9 Months Ended
Feb. 26, 2012
Fair Value Measurements [Abstract]  
Fair value of assets and liabilities measured on recurring basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of February 26, 2012:

 

                                 
    Level 1     Level 2     Level 3     Total  

Assets:

                               

Derivative assets

  $ 14.1     $ 62.7     $ —       $ 76.8  

Available-for-sale securities

    1.8       —         —         1.8  

Deferred compensation assets

    6.5       —         —         6.5  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 22.4     $ 62.7     $ —       $ 85.1  
   

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

                               

Derivative liabilities

  $ —       $ 146.0     $ —       $ 146.0  

Deferred compensation liabilities

    27.9       —         —         27.9  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities

  $ 27.9     $ 146.0     $ —       $ 173.9  
   

 

 

   

 

 

   

 

 

   

 

 

 

The following table presents our financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 29, 2011:

 

                                 
    Level 1     Level 2     Level 3     Total  

Assets:

                               

Derivative assets

  $ 16.3     $ 55.2     $ —       $ 71.5  

Available-for-sale securities

    1.7       —         —         1.7  

Deferred compensation assets

    7.4       —         —         7.4  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 25.4     $ 55.2     $ —       $ 80.6  
   

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities:

                               

Derivative liabilities

  $ —       $ 92.2     $ —       $ 92.2  

Deferred compensation liabilities

    29.1       —         —         29.1  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total liabilities

  $ 29.1     $ 92.2     $ —       $ 121.3