XML 37 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Nov. 29, 2015
Accounting Policies [Abstract]  
Reclassifications from accumulated other comprehensive loss into operations
The following tables summarize the reclassifications from accumulated other comprehensive loss into operations:
 
 
Thirteen weeks ended
 
Affected Line Item in the Condensed Consolidated Statement of Operations1
 
 
November 29, 2015
 
November 23, 2014
 
 
Net derivative adjustment, net of tax:
 
 
 
 
 
 
     Cash flow hedges
 
$

 
$

 
Interest expense, net
 
 

 

 
Total before tax
 
 

 

 
Income tax benefit
 
 
$

 
$

 
Net of tax
Amortization of pension and other postretirement benefits:
 
 
 

 
 
     Net prior service cost
 
$
(1.3
)
 
$
(1.0
)
 
Selling, general and administrative expenses
     Net actuarial losses
 

 
0.8

 
Selling, general and administrative expenses
 
 
(1.3
)
 
(0.2
)
 
Total before tax
 
 
0.5

 

 
Income tax expense
 
 
$
(0.8
)
 
$
(0.2
)
 
Net of tax

 
 
Twenty-six weeks ended
 
Affected Line Item in the Condensed Consolidated Statement of Operations1
 
 
November 29, 2015
 
November 23, 2014
 
 
Net derivative adjustment, net of tax:
 
 
 
 
 
 
     Cash flow hedges
 
$

 
$
(0.5
)
 
Interest expense, net
 
 

 
(0.5
)
 
Total before tax
 
 

 
0.2

 
Income tax expense
 
 
$

 
$
(0.3
)
 
Net of tax
Amortization of pension and postretirement healthcare liabilities:
 

 

 

     Net prior service benefit
 
$
(2.6
)
 
$
(2.1
)
 
Selling, general and administrative expenses
     Net actuarial loss
 

 
1.7

 
Selling, general and administrative expenses
 
 
(2.6
)
 
(0.4
)
 
Total before tax
 
 
1.0

 
0.1

 
Income tax expense
 
 
$
(1.6
)
 
$
(0.3
)
 
Net of tax

1 Amounts in parentheses indicate income recognized in the Condensed Consolidated Statement of Operations.