Capital Stock

12 Months Ended

May 27, 2012

Capital Stock [Abstract]

CAPITAL STOCK

14.  CAPITAL STOCK

We have authorized shares of preferred stock as follows:

Class B—$50 par value; 150,000 shares

Class C—$100 par value; 250,000 shares

Class D—without par value; 1,100,000 shares

Class E—without par value; 16,550,000 shares

There were no preferred shares issued or outstanding as of May 27, 2012.

We have repurchased our shares of common stock from time to time after considering market conditions and in accordance with repurchase limits authorized by our Board of Directors. In February 2010, our Board of Directors approved a $500.0 million share repurchase program with no expiration date. Upon receipt of payment for the final two outstanding tranches of the Notes from the purchaser of the trading and merchandising business, during fiscal 2011, our Board of Directors increased our share repurchase authorization by the amount of the payment, which was $554.2 million. In December 2011, our Board of Directors approved a $750.0 million increase to the share repurchase program. We repurchased approximately 13.8 million shares of our common stock for approximately $352.4 million, 36.2 million shares of our common stock for approximately $825.0 million, and approximately 4.0 million shares of our common stock for approximately $100.0 million in fiscal 2012, 2011, and 2010, respectively, under this program.