Derivative Financial Instruments (Tables)

12 Months Ended

May 27, 2012

Derivative Financial Instruments [Abstract]

Derivative assets and liabilities and amounts representing a right to reclaim cash collateral were reflected in balance sheets

	May 27, 2012		May 29, 2011
Prepaid expenses and other current assets	$	58.7	$	71.5
Other accrued liabilities		215.4		92.2

Schedule of derivative instruments in statement of financial position, gross, fair value

The following table presents our derivative assets and liabilities, on a gross basis, prior to the offsetting of amounts where legal right of setoff exists at May 27, 2012:

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Prepaid expenses and other current assets	$	—	Other accrued liabilities	$	153.9
Total derivatives designated as hedging instruments		$	—		$	153.9
Commodity contracts	Prepaid expenses and other current assets	$	60.3	Other accrued liabilities	$	75.6
Foreign exchange contracts	Prepaid expenses and other current assets		7.3	Other accrued liabilities		8.1
Other	Prepaid expenses and other current assets		0.6	Other accrued liabilities		0.5
Total derivatives not designated as hedging instruments		$	68.2		$	84.2
Total derivatives		$	68.2		$	238.1

The following table presents our derivative assets and liabilities, on a gross basis, prior to the offsetting of amounts where legal right of setoff exists at May 29, 2011:

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate contracts	Prepaid expenses and other current assets	$	—	Other accrued liabilities	$	11.8
Total derivatives designated as hedging instruments		$	—		$	11.8
Commodity contracts	Prepaid expenses and other current assets	$	85.4	Other accrued liabilities	$	84.4
Foreign exchange contracts	Prepaid expenses and other current assets		1.0	Other accrued liabilities		19.2
Other	Prepaid expenses and other current assets		0.7	Other accrued liabilities		0.2
Total derivatives not designated as hedging instruments		$	87.1		$	103.8
Total derivatives		$	87.1		$	115.6

Location and amount of gains and losses from derivatives reported in condensed consolidated statements of earnings

	For the Fiscal Year Ended May 27, 2012
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement  of Earnings of Gain (Loss) Recognized on Derivatives	Amount of Gain  (Loss) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Net sales	$	(6.4	)
Commodity contracts	Cost of goods sold		58.5
Foreign exchange contracts	Cost of goods sold		5.4
Commodity contracts	Selling, general and administrative expenses		(0.1	)
Foreign exchange contracts	Selling, general and administrative expenses		8.7
Total gain from derivative instruments not designated as hedging instruments		$	66.1

	For the Fiscal Year Ended May 29, 2011
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement  of Earnings of Gain (Loss) Recognized on Derivatives	Amount of Gain  (Loss) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Net sales	$	3.8
Commodity contracts	Cost of goods sold		54.3
Foreign exchange contracts	Cost of goods sold		(20.2	)
Commodity contracts	Selling, general and administrative expenses		2.1
Foreign exchange contracts	Selling, general and administrative expenses		(7.9	)
Total gain from derivative instruments not designated as hedging instruments		$	32.1

	For the Fiscal Year Ended May 30, 2010
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement  of Earnings of Gain Recognized on Derivatives	Amount of Gain Recognized  on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Net sales	$	1.1
Commodity contracts	Cost of goods sold		147.9
Foreign exchange contracts	Cost of goods sold		0.5
Other	Selling, general and administrative expenses		2.6
Total gain from derivative instruments not designated as hedging instruments		$	152.1