RESTRUCTURING (Tables)

6 Months Ended

Nov. 25, 2012

Summary of Expected Realization and Incurred Restructuring Pre-Tax Expenses

We anticipate that we will recognize the following acquisition-related exit costs, all within our Consumer Foods reporting segment, in selling, general and administrative expenses during fiscal 2012 to 2014 (amounts include charges recognized in fiscal 2012 and the first half of fiscal 2013):

	Total
Severance and related costs	$	9.9
Other, net		0.6
Total selling, general and administrative expenses		10.5
Consolidated total	$	10.5

During the second quarter of fiscal 2013, we recognized the following pre-tax expenses, all within our Consumer Foods reporting segment, for acquisition-related exit costs:

	Total
Severance and related costs	$	2.1
Other, net		0.1
Total selling, general and administrative expenses		2.2
Consolidated total	$	2.2

	Total
Other	$	(0.2	)
Total cost of goods sold		(0.2	)
Severance and related costs		3.6
Other, net		0.6
Total selling, general and administrative expenses		4.2
Consolidated total	$	4.0

	Total
Severance and related costs	$	7.9
Other, net		0.6
Total selling, general and administrative expenses		8.5
Consolidated total	$	8.5

	Consumer Foods		Commercial Foods		Corporate		Total
Accelerated depreciation	$	—	$	—	$	1.5	$	1.5
Severance and related costs		7.2		—		2.2		9.4
Other, net		7.0		1.1		0.2		8.3
Total selling, general and administrative expenses		14.2		1.1		3.9		19.2
Consolidated total	$	14.2	$	1.1	$	3.9	$	19.2

	Consumer Foods		Corporate		Total
Accelerated depreciation	$	—	$	0.1	$	0.1
Severance and related costs		0.3		0.1		0.4
Other, net		0.4		—		0.4
Total selling, general and administrative expenses		0.7		0.2		0.9
Consolidated total	$	0.7	$	0.2	$	0.9

	Consumer Foods		Corporate		Total
Accelerated depreciation	$	—	$	0.2	$	0.2
Severance and related costs		0.9		—		0.9
Other, net		0.4		—		0.4
Total selling, general and administrative expenses		1.3		0.2		1.5
Consolidated total	$	1.3	$	0.2	$	1.5

	Consumer Foods		Commercial Foods		Corporate		Total
Accelerated depreciation	$	—	$	—	$	1.3	$	1.3
Severance and related costs		7.1		—		2.2		9.3
Other, net		6.3		1.0		0.3		7.6
Total selling, general and administrative expenses		13.4		1.0		3.8		18.2
Consolidated total	$	13.4	$	1.0	$	3.8	$	18.2

	Consumer Foods			Commercial Foods		Corporate		Total
Accelerated depreciation	$	22.6		$	—	$	—	$	22.6
Inventory write-offs and related costs		9.4			0.4		—		9.8
Total cost of goods sold		32.0			0.4		—		32.4
Asset impairment		13.7			14.0		—		27.7
Gain on sale of property, plant and equipment		(1.0	)		—		—		(1.0	)
Severance and related costs		9.9			0.1		—		10.0
Other, net		10.0			1.5		0.8		12.3
Total selling, general and administrative expenses		32.6			15.6		0.8		49.0
Consolidated total	$	64.6		$	16.0	$	0.8	$	81.4

	Total
Accelerated depreciation	$	0.4
Inventory write-offs and related costs		0.1
Total cost of goods sold		0.5
Gain on sale of property, plant and equipment		(0.4	)
Severance and related costs		0.2
Other, net		0.4
Total selling, general and administrative expenses		0.2
Consolidated total	$	0.7

	Consumer Foods			Corporate		Total
Accelerated depreciation	$	2.0		$	—	$	2.0
Inventory write-offs and related costs		0.1			—		0.1
Total cost of goods sold		2.1			—		2.1
Gain on sale of property, plant and equipment		(1.0	)		—		(1.0	)
Asset impairment		0.3			—		0.3
Severance and related costs		0.2			—		0.2
Other, net		2.1			0.8		2.9
Total selling, general and administrative expenses		1.6			0.8		2.4
Consolidated total	$	3.7		$	0.8	$	4.5

	Consumer Foods			Commercial Foods		Corporate		Total
Accelerated depreciation	$	22.5		$	—	$	—	$	22.5
Inventory write-offs and related costs		7.0			0.4		—		7.4
Total cost of goods sold		29.5			0.4		—		29.9
Asset impairment		13.6			14.0		—		27.6
Gain on sale of property, plant and equipment		(1.0	)		—		—		(1.0	)
Severance and related costs		9.7			0.1		—		9.8
Other, net		8.3			1.5		0.8		10.6
Total selling, general and administrative expenses		30.6			15.6		0.8		47.0
Consolidated total	$	60.1		$	16.0	$	0.8	$	76.9

Liabilities for Initiatives and Changes

Liabilities recorded for acquisition-related exit costs and changes therein for the first half of fiscal 2013 were as follows:

	Balance at May  27, 2012		Costs Incurred and Charged to Expense		Costs Paid or  Otherwise Settled			Changes  in Estimates		Balance at November 25, 2012
Severance and related costs	$	4.3	$	4.0	$	(3.7	)	$	—	$	4.6
Total	$	4.3	$	4.0	$	(3.7	)	$	—	$	4.6

	Balance at May 27, 2012		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at November 25, 2012
Severance and related costs	$	2.1	$	1.0	$	(2.0	)	$	(0.1	)	$	1.0
Plan implementation costs		0.3		0.1		(0.4	)		—			—
Total	$	2.4	$	1.1	$	(2.4	)	$	(0.1	)	$	1.0

	Balance at May 27, 2012		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at November 25, 2012
Severance and related costs	$	7.0	$	0.8	$	(3.8	)	$	(0.9	)	$	3.1
Plan implementation costs		0.8		2.2		(2.9	)		—			0.1
Total	$	7.8	$	3.0	$	(6.7	)	$	(0.9	)	$	3.2