ACQUISITIONS (Tables)

12 Months Ended

May 26, 2013

Business Combinations [Abstract]

Summary of the initial estimated fair values of the assets acquired and liabilities assumed at the ascquisition date

The fair values of the assets and liabilities related to Ralcorp are subject to refinement as we complete our analyses relative to the fair values at the date of acquisition. Changes that have occurred since initial allocation have not been retrospectively applied, as the impact on reported results would not have been material.

	January 29, 2013
Assets acquired:
Cash and cash equivalents	$	320.7
Other current assets	917.4
Property, plant and equipment	1,009.0
Goodwill	4,350.5
Brands, trademarks and other intangibles	2,167.3
Other assets	27.8
Total assets acquired	$	8,792.7
Liabilities assumed:
Current liabilities	$	616.4
Noncurrent liabilities	3,103.5
Total liabilities assumed	$	3,719.9
Net assets acquired	$	5,072.8

Pro forma results

These pro forma results may not necessarily reflect the actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

	For the Fiscal Years Ended May
	2013		2012		2011
Pro forma net sales	$	18,406.0	$	18,364.3	$	12,979.1
Pro forma net income from continuing operations	$	841.9	$	610.9	$	873.6
Pro forma net income from continuing operations per share—basic	$	2.05	$	1.48	$	2.03
Pro forma net income from continuing operations per share—diluted	$	2.02	$	1.46	$	2.01