DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Nov. 27, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities and Amounts Representing Right to Reclaim or Obligation to Return Cash Collateral

Derivative assets and liabilities and amounts representing a right to reclaim cash collateral or an obligation to return cash collateral were reflected in our Condensed Consolidated Balance Sheets as follows:

	November 27, 2016		May 29, 2016
Prepaid expenses and other current assets	$	26.0	$	24.1
Other accrued liabilities	0.7		0.6

Schedule of Derivative Assets and Liabilities on a Gross Basis

The following table presents our derivative assets and liabilities, at November 27, 2016, on a gross basis, prior to the setoff of $1.2 million to total derivative assets and $0.7 million to total derivative liabilities where legal right of setoff existed:

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity contracts	Prepaid expenses and other current assets	$	4.0	Other accrued liabilities	$	0.7
Foreign exchange contracts	Prepaid expenses and other current assets	23.2		Other accrued liabilities	0.3
Other	Prepaid expenses and other current assets	—		Other accrued liabilities	0.4
Total derivatives not designated as hedging instruments		$	27.2		$	1.4

The following table presents our derivative assets and liabilities at May 29, 2016, on a gross basis, prior to the setoff of $1.7 million to total derivative assets and $2.0 million to total derivative liabilities where legal right of setoff existed:

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity contracts	Prepaid expenses and other current assets	$	5.0	Other accrued liabilities	$	2.1
Foreign exchange contracts	Prepaid expenses and other current assets	20.8		Other accrued liabilities	0.2
Other	Prepaid expenses and other current assets	—		Other accrued liabilities	0.3
Total derivatives not designated as hedging instruments		$	25.8		$	2.6

Schedule of Location and Amount of Gains (Losses) from Derivatives Not Designated as Hedging Instruments

The location and amount of gain (loss) from derivatives not designated as hedging instruments in our Condensed Consolidated Statements of Operations were as follows:

Derivatives Not Designated as Hedging Instruments	Location in Condensed Consolidated Statement of Operations of Gain (Loss) Recognized on Derivatives	Amount of Gain (Loss) Recognized on Derivatives in Condensed Consolidated Statement of Operations for the Thirteen Weeks Ended
		November 27, 2016		November 29, 2015
Commodity contracts	Cost of goods sold	$	1.6	$	(3.8	)
Foreign exchange contracts	Cost of goods sold	1.4		—
Foreign exchange contracts	Selling, general and administrative expense	2.5		0.3
Total gain (loss) from derivative instruments not designated as hedging instruments		$	5.5	$	(3.5	)

Derivatives Not Designated as Hedging Instruments	Location in Condensed Consolidated Statement of Operations of Gain (Loss) Recognized on Derivatives	Amount of Gain (Loss) Recognized on Derivatives in Condensed Consolidated Statement of Operations for the Twenty-six Weeks Ended
		November 27, 2016		November 29, 2015
Commodity contracts	Cost of goods sold	$	1.2	$	(9.7	)
Foreign exchange contracts	Cost of goods sold	1.5		—
Foreign exchange contracts	Selling, general and administrative expense	1.3		4.7
Total gain (loss) from derivative instruments not designated as hedging instruments		$	4.0	$	(5.0	)