INCOME TAXES	9 Months Ended
Feb. 22, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our income tax expense from continuing operations for the third quarter of fiscal 2015 and 2014 was $2.5 million and $78.2 million, respectively. Income tax expense from continuing operations for the first three quarters of fiscal 2015 and 2014 was $129.0 million and $213.1 million, respectively. Our income tax expense in the third quarter and first three quarters of fiscal 2015 reflects the impact of impairments of goodwill that are largely non-deductible for tax purposes. The amount of gross unrecognized tax benefits for uncertain tax positions, including positions impacting only the timing of tax benefits, was $77.5 million as of February 22, 2015 and $84.9 million as of May 25, 2014. Included in the balance was $8.2 million as of both February 22, 2015 and May 25, 2014, for tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. Any associated interest and penalties imposed would affect the tax rate. The gross unrecognized tax benefits excluded related liabilities for gross interest and penalties of $27.1 million and $29.6 million as of February 22, 2015 and May 25, 2014, respectively. The net amount of unrecognized tax benefits at February 22, 2015 and May 25, 2014 that, if recognized, would impact the Company's effective tax rate was $45.4 million and $50.8 million, respectively. Recognition of these tax benefits would have a favorable impact on the Company's effective tax rate. We estimate that it is reasonably possible that the amount of gross unrecognized tax benefits will decrease by up to $19.2 million over the next twelve months due to various federal, state, and foreign audit settlements and the expiration of statutes of limitations.

INCOME TAXES

9 Months Ended

Feb. 22, 2015

Our income tax expense from continuing operations for the third quarter of fiscal 2015 and 2014 was $2.5 million and $78.2 million, respectively. Income tax expense from continuing operations for the first three quarters of fiscal 2015 and 2014 was $129.0 million and $213.1 million, respectively. Our income tax expense in the third quarter and first three quarters of fiscal 2015 reflects the impact of impairments of goodwill that are largely non-deductible for tax purposes.

The amount of gross unrecognized tax benefits for uncertain tax positions, including positions impacting only the timing of tax benefits, was $77.5 million as of February 22, 2015 and $84.9 million as of May 25, 2014. Included in the balance was $8.2 million as of both February 22, 2015 and May 25, 2014, for tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. Any associated interest and penalties imposed would affect the tax rate. The gross unrecognized tax benefits excluded related liabilities for gross interest and penalties of $27.1 million and $29.6 million as of February 22, 2015 and May 25, 2014, respectively.

The net amount of unrecognized tax benefits at February 22, 2015 and May 25, 2014 that, if recognized, would impact the Company's effective tax rate was $45.4 million and $50.8 million, respectively. Recognition of these tax benefits would have a favorable impact on the Company's effective tax rate.

We estimate that it is reasonably possible that the amount of gross unrecognized tax benefits will decrease by up to $19.2 million over the next twelve months due to various federal, state, and foreign audit settlements and the expiration of statutes of limitations.