SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Feb. 22, 2015

Accounting Policies [Abstract]

Income tax expense (benefit) on components of other comprehensive income

The following details the income tax expense (benefit) on components of other comprehensive income (loss):

	Thirteen weeks ended						Thirty-nine weeks ended
	February 22, 2015			February 23, 2014			February 22, 2015			February 23, 2014
Net derivative adjustment	$	—		$	15.6		$	(0.2	)	$	38.9
Unrealized gains (losses) on available-for-sale securities	0.2			(0.1		)	0.3			0.1
Pension and postretirement healthcare liabilities	(0.1		)	0.2			0.7			0.9
Income tax expense	$	0.1		$	15.7		$	0.8		$	39.9

Reclassifications from accumulated other comprehensive loss into income

The following tables summarize the reclassifications from accumulated other comprehensive loss into income:

	Thirteen weeks ended						Affected Line Item in the Condensed Consolidated Statement of Earnings1
	February 22, 2015			February 23, 2014
Net derivative adjustment:
Cash flow hedges2	$	—		$	54.9		Selling, general and administrative expenses
	—			54.9			Total before tax
	—			(20.5		)	Income tax benefit
	$	—		$	34.4		Net of tax
Amortization of pension and postretirement healthcare liabilities:
Net prior service benefit	$	(1.1	)	$	(0.8	)	Selling, general and administrative expenses
Net actuarial losses	0.9			1.7			Selling, general and administrative expenses
	(0.2		)	0.9			Total before tax
	0.1			(0.3		)	Income tax expense (benefit)
	$	(0.1	)	$	0.6		Net of tax

	Thirty-nine weeks ended						Affected Line Item in the Condensed Consolidated Statement of Earnings1
	February 22, 2015			February 23, 2014
Net derivative adjustment:
Cash flow hedges	$	(0.5	)	$	0.1		Interest expense, net
Cash flow hedges2	—			54.9			Selling, general and administrative expenses
	(0.5		)	55.0			Total before tax
	0.2			(20.5		)	Income tax expense (benefit)
	$	(0.3	)	$	34.5		Net of tax
Amortization of pension and postretirement healthcare liabilities:
Net prior service benefit	$	(3.2	)	$	(2.5	)	Selling, general and administrative expenses
Net actuarial losses	2.6			5.0			Selling, general and administrative expenses
	(0.6		)	2.5			Total before tax
	0.2			(0.9		)	Income tax expense (benefit)
	$	(0.4	)	$	1.6		Net of tax

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