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PRE-TAX INCOME AND INCOME TAXES (Tables)
 12 Months Ended
May 28, 2017
Income Tax Disclosure [Abstract]  
Schedule of Pre-Tax Income from Continuing Operations
Pre-tax income from continuing operations (including equity method investment earnings) consisted of the following:
 
2017
 
2016
 
2015
United States
$
883.5

 
$
136.9

 
$
592.6

Canada
(123.1
)
 
11.4

 
27.1

Foreign - other
40.3

 
26.6

 
44.3

 
$
800.7

 
$
174.9

 
$
664.0
Schedule of the Provision for Income Taxes
The provision for income taxes included the following:
 
2017
 
2016
 
2015
Current
 
 
 
 
 
Federal
$
201.5

 
$
206.5

 
$
178.3

State
6.7

 
31.0

 
17.8

Canada
2.8

 
2.1

 
3.1

Foreign - other
3.7

 
6.5

 
15.8

 
214.7

 
246.1

 
215.0

Deferred
 
 
 
 
 
Federal
62.1

 
(161.5
)
 
(1.7
)
State
(5.3
)
 
(38.9
)
 
3.8

Canada
(13.2
)
 
(0.8
)
 
1.8

Foreign - other
(3.6
)
 
1.5

 
(6.2
)
 
40.0

 
(199.7
)
 
(2.3
)
 
$
254.7

 
$
46.4

 
$
212.7
Reconciliation of Income Taxes to the Provision for Income Taxes
Income taxes computed by applying the U.S. Federal statutory rates to income from continuing operations before income taxes are reconciled to the provision for income taxes set forth in the Consolidated Statements of Operations as follows:
 
2017
 
2016
 
2015
Computed U.S. Federal income taxes
$
280.2

 
$
61.2

 
$
232.4

State income taxes, net of U.S. Federal tax impact
22.4

 
(6.4
)
 
15.0

Tax credits and domestic manufacturing deduction
(19.8
)
 
(16.5
)
 
(21.0
)
Audit adjustments and settlements
(0.9
)
 
(2.1
)
 
—

Effect of taxes booked on foreign operations
(6.5
)
 
1.2

 
(8.2
)
Statute lapses on previously reserved items
(2.3
)
 
(2.3
)
 
(4.4
)
Goodwill and intangible impairments
104.7

 
—

 
6.6

Change in legal structure and other state elections
(7.5
)
 
—

 
—

Stock compensation
(18.8
)
 
—

 
—

Release of valuation allowance on capital loss carryforward
(84.1
)
 
—

 
—

Change in estimate related to tax methods used for certain international sales, federal credits, and state credits
(8.0
)
 
6.0

 
(2.4
)
Other
(4.7
)
 
5.3

 
(5.3
)
 
$
254.7

 
$
46.4

 
$
212.7
Schedule of the Tax Effect of Temporary Differences and Carryforwards
The tax effect of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consisted of the following:
 
May 28, 2017
 
May 29, 2016
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Property, plant and equipment
$
—

 
$
216.6

 
$
—

 
$
251.9

Goodwill, trademarks and other intangible assets
—

 
623.4

 
—

 
675.8

Accrued expenses
20.2

 
—

 
17.1

 
—

Compensation related liabilities
63.9

 
—

 
78.4

 
—

Pension and other postretirement benefits
275.2

 
—

 
433.6

 
—

Investment in unconsolidated subsidiaries
—

 
237.8

 
—

 
246.7

Other liabilities that will give rise to future tax deductions
117.9

 
—

 
125.9

 
—

Net capital and operating loss carryforwards
1,112.5

 
—

 
1,586.0

 
—

Other
60.0

 
6.3

 
61.5

 
9.6

 
1,649.7

 
1,084.1

 
2,302.5

 
1,184.0

Less: Valuation allowance
(1,013.4
)
 
—

 
(1,433.5
)
 
—

Net deferred taxes
$
636.3

 
$
1,084.1

 
$
869.0

 
$
1,184.0
Schedule of Change in Unrecognized Tax Benefits
The change in the unrecognized tax benefits for the year ended May 28, 2017 was:
Beginning balance on May 29, 2016
$
32.6

Increases from positions established during prior periods
2.1

Decreases from positions established during prior periods
(3.9
)
Increases from positions established during the current period
13.4

Decreases relating to settlements with taxing authorities
(1.8
)
Reductions resulting from lapse of applicable statute of limitation
(2.9
)
Other adjustments to liability
(0.2
)
Ending balance on May 28, 2017
$
39.3