FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Nov. 23, 2014

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

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 23, 2014:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	10.5	$	20.7	$	—	$	31.2
Available-for-sale securities	2.5		—		—		2.5
Deferred compensation assets	5.6		—		—		5.6
Total assets	$	18.6	$	20.7	$	—	$	39.3
Liabilities:
Derivative liabilities	$	—	$	22.6	$	—	$	22.6
Deferred compensation liabilities	48.9		—		—		48.9
Total liabilities	$	48.9	$	22.6	$	—	$	71.5

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 25, 2014:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	8.5	$	30.3	$	—	$	38.8
Available-for-sale securities	2.1		—		—		2.1
Deferred compensation assets	5.6		—		—		5.6
Total assets	$	16.2	$	30.3	$	—	$	46.5
Liabilities:
Derivative liabilities	$	—	$	10.4	$	—	$	10.4
Deferred compensation liabilities	43.7		—		—		43.7
Total liabilities	$	43.7	$	10.4	$	—	$	54.1