XML 53 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
DISCONTINUED OPERATIONS AND THE FORMATION OF ARDENT MILLS (Narrative) (Details)
$ in Millions
3 Months Ended 9 Months Ended
May. 29, 2014
USD ($)
Feb. 28, 2016
USD ($)
Feb. 22, 2015
USD ($)
Aug. 24, 2014
USD ($)
May. 25, 2014
USD ($)
facility
Feb. 28, 2016
USD ($)
Feb. 22, 2015
USD ($)
Nov. 01, 2015
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Asset impairment charges           $ 8.4 $ 24.7  
Loss on early retirement of debt   $ 23.9   $ 16.3   23.9 24.6  
Income tax benefit   (20.9) $ 97.2     445.6 (136.3)  
Selling, general and administrative expenses   489.6 360.3     1,419.7 1,146.1  
Ardent Mills                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Cash contribution $ 49.0              
Ownership interest (as percent) 44.00%              
Proceeds from divestiture of business $ 391.4              
Income from operations of discontinued operations before income taxes             625.6  
Income from discontinued operations, net of tax             375.9  
Ardent Mills | Equity method investment                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Selling, general and administrative expenses   2.6 3.5     8.4 10.8  
Ardent Mills | Other assets                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Carrying value of equity method investment   717.7       717.7    
Private Brands                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Sale price               $ 2,600.0
Asset impairment charges   22.5       1,920.0    
After-tax asset impairment charges   22.1       1,440.0    
Deferred tax asset   1,620.0       $ 1,620.0    
Income tax benefit   20.7            
Five small brands                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Impairment of goodwill     1,270.0          
Impairment charges     $ 13.7          
Various brands                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Impairment of goodwill             1,480.0  
Impairment charges             $ 43.7  
Three flour milling facilities                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Proceeds from divestiture of business         $ 163.0      
Flour milling facilities sold | facility         3      
Ralcorp                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Early repayment of senior debt   33.9            
Loss on early retirement of debt   5.4            
Senior notes | 2020 Maturity | Ralcorp                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Early repayment of senior debt   $ 17.2            
Stated interest rate (as a percent)   4.95%       4.95%    
Effective interest rate (as a percent)   2.83%       2.83%    
Senior notes | 2039 Maturity | Ralcorp                
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                
Early repayment of senior debt   $ 16.7            
Stated interest rate (as a percent)   6.625%       6.625%    
Effective interest rate (as a percent)   4.82%       4.82%