INCOME TAXES Income Taxes (Tables)

12 Months Ended

Apr. 28, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense consists of the following: 

	Fiscal Years
	2013			2012			2011
	(in millions)
Current income tax expense:
Federal	$	39.8		$	72.7		$	57.6
State	6.1			8.4			17.2
Foreign	5.5			1.1			3.1
	51.4			82.2			77.9
Deferred income tax expense (benefit):
Federal	(2.6		)	82.1			128.3
State	(10.5		)	11.2			24.2
Foreign	7.8			(3.1		)	5.7
	(5.3		)	90.2			158.2
Total income tax expense	$	46.1		$	172.4		$	236.1

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of taxes computed at the federal statutory rate to the provision for income taxes is as follows: 

	Fiscal Years
	2013		2012		2011
Federal income taxes at statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	(0.2	)	2.1		3.4
Foreign income taxes	(1.7	)	(0.2	)	(1.2	)
Unremitted earnings	—		2.6		—
Net change in uncertain tax positions	0.6		(2.4	)	(0.3	)
Net change in valuation allowance	(4.8	)	(0.9	)	(3.4	)
Tax credits	(5.7	)	(1.0	)	(1.1	)
Manufacturer's deduction	(1.5	)	(1.7	)	(1.8	)
Adjustment to goodwill	—		—		2.0
Other	(1.6	)	(1.2	)	(1.4	)
Effective tax rate	20.1	%	32.3	%	31.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences consist of the following: 

	April 28, 2013			April 29, 2012
	(in millions)
Deferred tax assets:
Pension and other retirement liabilities	$	272.4		$	256.4
Tax credits, carryforwards and net operating losses	77.3			85.6
Accrued expenses and other current liabilities	32.2			53.2
Employee benefits	17.3			—
Other	10.2			30.8
	409.4			426.0
Valuation allowance	(43.5		)	(54.6		)
Total deferred tax assets	$	365.9		$	371.4
Deferred tax liabilities:
Property, plant and equipment	$	371.9		$	385.6
Intangible assets	134.3			125.8
Derivatives	1.5			31.9
Employee benefits	—			13.7
Investments in subsidiaries	44.1			44.6
Total deferred tax liabilities	$	551.8		$	601.6

Schedule of Classification of Deferred Taxes on Balance Sheet [Table Text Block]

The following table presents the classification of deferred taxes in our balance sheets as of April 28, 2013 and April 29, 2012: 

	April 28, 2013		April 29, 2012
	(in millions)
Prepaids and other current assets	$	19.9	$	57.4
Other assets	—		3.2
Other liabilities	205.8		290.8

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending liability for unrecognized tax benefits is as follows:

	(in millions)
Balance, May 1, 2011	$	33.6
Additions for tax positions taken in the current year	2.4
Additions for tax positions taken in prior years	(10.8		)
Settlements with taxing authorities	(9.3		)
Lapse of statute of limitations	(0.6		)
Balance, April 29, 2012	15.3
Additions for tax positions taken in the current year	3.9
Reduction for tax positions taken in prior years	(1.8		)
Settlements with taxing authorities	(1.0		)
Lapse of statute of limitations	(0.7		)
Balance, April 28, 2013	$	15.7