XML 60 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
LONG-TERM DEBT AND REVOLVING CREDIT FACILITY (Narrative) (Details) - USD ($)
3 Months Ended 9 Months Ended
Feb. 28, 2016
Feb. 22, 2015
Aug. 24, 2014
Feb. 28, 2016
Feb. 22, 2015
Sep. 21, 2015
Debt Instrument [Line Items]            
Principal balance repaid       $ 2,521,400,000 $ 1,491,200,000  
Loss on early retirement of debt $ 23,900,000   $ 16,300,000 23,900,000 24,600,000  
Proceeds from issuance of debt 600,000,000          
2014 Interest rate swap            
Debt Instrument [Line Items]            
Reduction of net interest expense due to impact of interest rate swap contracts   $ 1,900,000     $ 7,100,000  
Interest rate contracts            
Debt Instrument [Line Items]            
Reduction of net interest expense due to impact of interest rate swap contracts 500,000     1,700,000    
Cumulative adjustment to the fair value of the debt instruments that were hedged       $ 12,600,000    
Gain on derivative portion written off related to tender offers 3,000,000          
Tender premium            
Debt Instrument [Line Items]            
Loss on early retirement of debt 109,500,000   9,500,000      
Floating rate notes due July 2016            
Debt Instrument [Line Items]            
Aggregate principal amount     $ 550,000,000      
Floating rate notes due July 2016 | LIBOR            
Debt Instrument [Line Items]            
Long-term debt interest rate (as a percent)     0.37%      
Senior notes | 2015 Maturity            
Debt Instrument [Line Items]            
Principal balance repaid $ 250,000,000          
Stated interest rate (as a percent) 1.35%     1.35%    
Senior notes | 2023 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount $ 163,000,000   $ 225,000,000 $ 163,000,000    
Senior notes | 2016 Maturity            
Debt Instrument [Line Items]            
Stated interest rate (as a percent) 1.30%     1.30%    
Repayments of senior debt $ 750,000,000          
Senior notes | 2043 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount 560,300,000   200,000,000 $ 560,300,000    
Senior notes | 2039 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount 341,800,000     341,800,000    
Senior notes | 2019 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount 139,900,000   25,000,000 139,900,000    
Senior notes | 2026 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount 110,000,000     110,000,000    
Senior notes | 2020 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount 85,000,000     85,000,000    
Senior notes | 2018 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount     25,000,000      
Senior notes | 2017 Maturity            
Debt Instrument [Line Items]            
Repurchased aggregate principal amount     25,000,000      
Term Loan Facility | LIBOR            
Debt Instrument [Line Items]            
Principal balance repaid     900,000,000      
Loss on early retirement of debt     $ 8,300,000      
Long-term debt interest rate (as a percent)     1.75%      
Revolving Credit Facility            
Debt Instrument [Line Items]            
Maximum borrowing capacity           $ 1,500,000,000.0
Lamb Weston BSW            
Debt Instrument [Line Items]            
Aggregate principal amount 7,000,000     7,000,000    
Lamb Weston BSW | Promissory note | 2032 Maturity            
Debt Instrument [Line Items]            
Aggregate principal amount $ 30,000,000     $ 30,000,000    
Lamb Weston BSW | Fixed rate promissory note | 2032 Maturity            
Debt Instrument [Line Items]            
Stated interest rate (as a percent) 4.34%     4.34%    
Aggregate principal amount $ 23,000,000     $ 23,000,000    
Minimum | Lamb Weston BSW | Variable rate promissory note | 2032 Maturity | LIBOR            
Debt Instrument [Line Items]            
Long-term debt interest rate (as a percent) 1.90%          
Maximum | Lamb Weston BSW | Variable rate promissory note | 2032 Maturity | LIBOR            
Debt Instrument [Line Items]            
Long-term debt interest rate (as a percent) 2.30%