FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Nov. 25, 2012

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 November 25, 2012:

	Level 1		Level 2		Level 3		Total
Assets:
Derivative assets	$	17.6	$	54.6	$	—	$	72.2
Available-for-sale securities		1.6		—		—		1.6
Deferred compensation assets		5.8		—		—		5.8
Total assets	$	25.0	$	54.6	$	—	$	79.6
Liabilities:
Derivative liabilities	$	—	$	192.7	$	—	$	192.7
Deferred compensation liabilities		31.9		—		—		31.9
Total liabilities	$	31.9	$	192.7	$	—	$	224.6

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 27, 2012:

	Level 1		Level 2		Level 3		Total
Assets:
Derivative assets	$	13.8	$	44.9	$	—	$	58.7
Available-for-sale securities		1.6		—		—		1.6
Deferred compensation assets		5.8		—		—		5.8
Total assets	$	21.2	$	44.9	$	—	$	66.1
Liabilities:
Derivative liabilities	$	—	$	215.4	$	—	$	215.4
Deferred compensation liabilities		27.1		—		—		27.1
Total liabilities	$	27.1	$	215.4	$	—	$	242.5