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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May. 31, 2015
Accounting Policies [Abstract]  
Property plant and equipment estimated useful lives of respective classes of assets
Depreciation has been calculated using the straight-line method over the estimated useful lives of the respective classes of assets as follows:
 
 
 
Land improvements
  
1 - 40 years 
Buildings
  
15 - 40 years
Machinery and equipment
  
3 - 20 years 
Furniture, fixtures, office equipment and other
  
5 - 15 years 
Balances in accumulated other comprehensive income (loss), net of tax
The following table details the accumulated balances for each component of other comprehensive income (loss), net of tax (except for currency translation adjustments):
 
2015
 
2014
 
2013
Unrealized currency translation gains (losses)
$
(113.9
)
 
$
23.7

 
$
45.4

Derivative adjustments, net of reclassification adjustments
0.9

 
1.2

 
(64.5
)
Unrealized losses on available-for-sale securities
(0.7
)
 
(1.1
)
 
(1.2
)
Pension and post-employment benefit obligations, net of reclassification adjustments
(215.8
)
 
(158.1
)
 
(175.8
)
Accumulated other comprehensive loss
$
(329.5
)
 
$
(134.3
)
 
$
(196.1
)
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from accumulated other comprehensive loss into income (loss):
 
Fifty-three weeks ended
 
Fifty-two weeks ended
 
Affected Line Item in the Consolidated Statement of Operations1
 
2015
 
2014
 
 
Net derivative adjustment, net of tax:
 
 
 
 
 
     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

 
(20.6
)
 
Income tax expense (benefit)
 
$
(0.3
)
 
$
34.4

 
Net of tax
Amortization of pension and postretirement healthcare liabilities:
 
 
 
 
 
     Net prior service benefit
$
(4.2
)
 
$
(3.4
)
 
Selling, general and administrative expenses
     Net actuarial loss
3.5

 
6.7

 
Selling, general and administrative expenses
Curtailment
1.5

 
—

 
Cost of goods sold
 
0.8

 
3.3

 
Total before tax
 
(0.3
)
 
(1.2
)
 
Income tax benefit
 
$
0.5

 
$
2.1

 
Net of tax

1 Amounts in parentheses indicate income recognized in the Consolidated Statements of Operations.
2 Prior year amount includes $41.8 million less deferred tax benefit of $15.6 million previously reported in accumulated other comprehensive loss.