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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Jul. 31, 2011
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth, by level within the fair value hierarchy, our non-pension financial assets and liabilities that were measured at fair value on a recurring basis as of July 31, 2011 and May 1, 2011:


 
 
July 31, 2011
 
May 1, 2011
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(in millions)
 
(in millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
20.0


 
$
19.1


 
$


 
$
39.1


 
$
45.2


 
$
34.6


 
$


 
$
79.8


Foreign exchange contracts
 


 
1.1


 


 
1.1


 


 
0.5


 


 
0.5


Insurance contracts
 
47.6


 


 


 
47.6


 
49.4


 


 


 
49.4


Total
 
$
67.6


 
$
20.2


 
$


 
$
87.8


 
$
94.6


 
$
35.1


 
$


 
$
129.7


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
19.1


 
$
2.8


 
$


 
$
21.9


 
$
16.8


 
$


 
$


 
$
16.8


Interest rate contracts
 


 
0.6


 


 
0.6


 


 
2.3


 


 
2.3


Foreign exchange contracts
 


 
0.5


 


 
0.5


 


 
1.9


 


 
1.9


Total
 
$
19.1


 
$
3.9


 
$


 
$
23.0


 
$
16.8


 
$
4.2


 
$


 
$
21.0


 
Fair Value and Carrying Value of Debt [Table Text Block]
The following table presents the fair value and carrying value of long-term debt, including the current portion of long-term debt as of July 31, 2011 and May 1, 2011.
 
 
July 31, 2011
 
May 1, 2011
 
 
Fair

Value
 
Carrying Value
 
Fair

Value
 
Carrying Value
 
 
(in millions)
Long-term debt, including current portion
 
$
2,310.4


 
$
2,035.5


 
$
2,418.0


 
$
2,094.7