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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Aug. 25, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a 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 August 25, 2019:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Net Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

1.9

 

 

$

0.7

 

 

$

 

 

$

2.6

 

Marketable securities

 

 

16.3

 

 

 

 

 

 

 

 

 

16.3

 

Deferred compensation assets

 

 

10.5

 

 

 

 

 

 

 

 

 

10.5

 

Total assets

 

$

28.7

 

 

$

0.7

 

 

$

 

 

$

29.4

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

 

 

$

1.2

 

 

$

 

 

$

1.2

 

Deferred compensation liabilities

 

 

73.3

 

 

 

 

 

 

 

 

 

73.3

 

Total liabilities

 

$

73.3

 

 

$

1.2

 

 

$

 

 

$

74.5

 

 

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 26, 2019:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Net Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

3.0

 

 

$

2.9

 

 

$

 

 

$

5.9

 

Marketable securities

 

 

15.7

 

 

 

 

 

 

 

 

 

15.7

 

Deferred compensation assets

 

 

10.7

 

 

 

 

 

 

 

 

 

10.7

 

Total assets

 

$

29.4

 

 

$

2.9

 

 

$

 

 

$

32.3

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

 

 

$

1.4

 

 

$

 

 

$

1.4

 

Deferred compensation liabilities

 

 

70.4

 

 

 

 

 

 

 

 

 

70.4

 

Total liabilities

 

$

70.4

 

 

$

1.4

 

 

$

 

 

$

71.8