RESTRUCTURING (Tables)

12 Months Ended

May 26, 2013

Restructuring and Related Activities [Abstract]

Summary of expected realization and incurred restructuring pre-tax expenses

During fiscal 2013, we recognized the following pre-tax expenses for acquisition-related exit costs:

	Consumer Foods			Corporate		Total
Accelerated depreciation of fixed assets	$	(0.2	)	$	—	$	(0.2	)
Total cost of goods sold	(0.2		)	—		(0.2		)
Severance and related costs	4.7			—		4.7
Asset impairment	1.6			2.5		4.1
Other, net	0.9			—		0.9
Total selling, general and administrative expenses	7.2			2.5		9.7
Consolidated total	$	7.0		$	2.5	$	9.5

We recognized the following cumulative (plan inception to May 26, 2013) pre-tax acquisition-related exit costs in our consolidated statement of earnings:

	Consumer Foods		Corporate		Total
Severance and related costs	$	9.0	$	—	$	9.0
Asset impairment	1.6		2.5		4.1
Other, net	0.9		—		0.9
Total selling, general and administrative expenses	11.5		2.5		14.0
Consolidated total	$	11.5	$	2.5	$	14.0

During fiscal 2013, we recognized the following pre-tax expenses associated with the Administrative Efficiency Plan:

	Consumer Foods		Corporate		Total
Accelerated depreciation	$	—	$	0.4	$	0.4
Severance and related costs	0.9		—		0.9
Other, net	0.7		—		0.7
Total selling, general and administrative expenses	1.6		0.4		2.0
Consolidated total	$	1.6	$	0.4	$	2.0

During fiscal 2013, we recognized the following pre-tax expenses for the Ralcorp Related Restructuring Plan:

	Corporate		Total
Multi-employer pension costs	$	11.2	$	11.2
Total cost of goods sold	11.2		11.2
Severance and related costs	17.2		17.2
Total selling, general and administrative expenses	17.2		17.2
Consolidated total	$	28.4	$	28.4

We recognized the following pre-tax expenses associated with the Network Optimization Plan in the fiscal 2011 to fiscal 2013 timeframe:

	Consumer Foods			Commercial Foods		Corporate		Total
Accelerated depreciation	$	22.5		$	—	$	—	$	22.5
Inventory write-offs and related costs	7.5			0.4		—		7.9
Total cost of goods sold	30.0			0.4		—		30.4
Asset impairment	15.3			14.0		—		29.3
Net gains on sale of property, plant and equipment	(1.6		)	—		—		(1.6		)
Severance and related costs	7.7			0.1		—		7.8
Other, net	8.5			1.5		0.8		10.8
Total selling, general and administrative expenses	29.9			15.6		0.8		46.3
Consolidated total	$	59.9		$	16.0	$	0.8	$	76.7

We recognized the following pre-tax expenses associated with the Administrative Efficiency Plan in the fiscal 2012 to 2013 timeframe:

	Consumer Foods		Commercial Foods		Corporate		Total
Accelerated depreciation	$	—	$	—	$	1.5	$	1.5
Severance and related costs	7.1		—		2.2		9.3
Other, net	6.7		1.0		0.2		7.9
Total selling, general and administrative expenses	13.8		1.0		3.9		18.7
Consolidated total	$	13.8	$	1.0	$	3.9	$	18.7

During fiscal 2013, we recognized the following pre-tax expenses associated with the Network Optimization Plan:

	Consumer Foods			Corporate		Total
Accelerated depreciation	$	2.0		$	—	$	2.0
Inventory write-offs and related costs	0.6			—		0.6
Total cost of goods sold	2.6			—		2.6
Asset impairment	1.4			—		1.4
Net gains on sale of property, plant and equipment	(1.0		)	—		(1.0		)
Severance and related costs	(1.8		)	—		(1.8		)
Other, net	2.3			0.8		3.1
Total selling, general and administrative expenses	0.9			0.8		1.7
Consolidated total	$	3.5		$	0.8	$	4.3

Liabilities for initiatives and changes

Liabilities recorded for the various initiatives and changes therein for fiscal 2013 under the Administrative Efficiency Plan were as follows:

	Balance at May 27, 2012		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at May  26, 2013
Severance and related costs	$	2.1	$	1.3	$	(2.8	)	$	(0.2	)	$	0.4
Plan implementation costs	0.3		0.2		(0.5		)	—			—
Total	$	2.4	$	1.5	$	(3.3	)	$	(0.2	)	$	0.4

Liabilities recorded for the Ralcorp Related Restructuring Plan and changes therein for 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 May 26, 2013
Multi-employer pension costs	$	—	$	11.2	$	—	$	—	$	11.2
Severance and related costs	—		17.2		—		—		17.2
Total	$	—	$	28.4	$	—	$	—	$	28.4

Liabilities recorded for the various initiatives and changes therein for fiscal 2013 under the Network Optimization Plan were as follows:

	Balance at May 27, 2012		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at May 26, 2013
Severance and related costs	$	7.0	$	1.0	$	(4.5	)	$	(3.3	)	$	0.2
Plan implementation costs	0.8		2.7		(3.5		)	—			—
Total	$	7.8	$	3.7	$	(8.0	)	$	(3.3	)	$	0.2

Liabilities recorded for acquisition-related restructuring and changes therein for 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 May  26, 2013
Severance and related costs	$	4.3	$	6.1	$	(7.8	)	$	(1.4	)	$	1.2
Plan implementation costs	—		0.9		(0.6		)	—			0.3
Total	$	4.3	$	7.0	$	(8.4	)	$	(1.4	)	$	1.5