FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

8 Months Ended

Dec. 29, 2013

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 December 29, 2013, April 28, 2013 and April 29, 2012:



	Successor
	December 29, 2013
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets
Derivatives:
Commodity contracts	$	0.2	$	4.9	$	—	$	5.1
Foreign exchange contracts	—		1.2		—		1.2
Bond securities	19.8		—		—		19.8
Insurance contracts	—		65.8		—		65.8
Total	$	20.0	$	71.9	$	—	$	91.9

Liabilities
Derivatives:
Commodity contracts	$	15.1	$	5.4	$	—	$	20.5
Foreign exchange contracts	—		0.2		—		0.2
Total	$	15.1	$	5.6	$	—	$	20.7



	Predecessor
	April 28, 2013								April 29, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)								(in millions)
Assets
Derivatives:
Commodity contracts	$	6.8	$	—	$	—	$	6.8	$	52.0	$	1.3	$	—	$	53.3
Foreign exchange contracts	—		0.8		—		0.8		—		4.3		—		4.3
Open-ended mutual funds	6.4		—		—		6.4		12.2		—		—		12.2
Insurance contracts	—		60.0		—		60.0		—		51.3		—		51.3
Total	$	13.2	$	60.8	$	—	$	74.0	$	64.2	$	56.9	$	—	$	121.1

Liabilities
Derivatives:
Commodity contracts	$	30.5	$	37.1	$	—	$	67.6	$	—	$	8.6	$	—	$	8.6
Foreign exchange contracts	—		0.4		—		0.4		—		0.7		—		0.7
Total	$	30.5	$	37.5	$	—	$	68.0	$	—	$	9.3	$	—	$	9.3

Schedule of Fair Value, Pension Plan Asset [Table Text Block]

The following table summarizes our pension plan assets measured at fair value on a recurring basis (at least annually) as of December 29, 2013, April 28, 2013 and April 29, 2012:



	Successor
	December 29, 2013
	Level 1		Level 2		Level 3		Total
	(in millions)
Cash and cash equivalents	$	53.2	$	—	$	—	$	53.2

Equity securities:
Preferred stock	—		—		—		—
U.S. common stock:
Health care	28.2		—		—		28.2
Financial services	33.4		—		—		33.4
Retail and consumer products	40.0		—		—		40.0
Energy	15.0		—		—		15.0
Information technology	42.7		—		—		42.7
Manufacturing and industrials	20.5		—		—		20.5
Telecommunications	6.5		—		—		6.5
International common stock	139.3		—		—		139.3
Mutual funds:
International	—		95.9		—		95.9
Domestic small cap	—		34.2		—		34.2

Fixed income:
Mutual funds	—		18.1		—		18.1
Asset-backed securities	—		15.7		—		15.7
Emerging markets securities	—		23.5		—		23.5
Corporate debt securities	—		343.1		—		343.1
Government debt securities	—		112.0		—		112.0

Alternative investments:
Diversified investment funds	—		55.8		—		55.8

Limited partnerships	—		—		37.8		37.8

Insurance contracts	—		—		1.1		1.1

Total fair value	$	378.8	$	698.3	$	38.9	1,116.0
Unsettled transactions, net							6.8
Total plan assets							$	1,122.8



	Predecessor
	April 28, 2013								April 29, 2012
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)								(in millions)
Cash and cash equivalents	$	40.0	$	—	$	—	$	40.0	$	22.4	$	—	$	—	$	22.4

Equity securities:
Preferred stock	—		0.6		—		0.6		—		0.5		—		0.5
U.S. common stock:
Health care	23.3		—		—		23.3		22.7		—		—		22.7
Financial services	25.1		—		—		25.1		21.8		—		—		21.8
Retail and consumer products	90.7		—		—		90.7		117.9		—		—		117.9
Energy	8.9		—		—		8.9		11.4		—		—		11.4
Information technology	22.0		—		—		22.0		30.8		—		—		30.8
Manufacturing and industrials	18.0		—		—		18.0		18.6		—		—		18.6
Telecommunications	6.7		—		—		6.7		9.5		—		—		9.5
International common stock	104.4		—		—		104.4		103.6		—		—		103.6
Mutual funds:
International	—		82.8		—		82.8		—		30.1		—		30.1
Domestic small cap	—		23.2		—		23.2		—		19.8		—		19.8
Domestic large cap	—		2.2		—		2.2		—		2.5		—		2.5
Balanced	—		3.4		—		3.4		—		37.8		—		37.8

Fixed income:
Mutual funds	—		26.0		—		26.0		—		11.3		—		11.3
Asset-backed securities	—		16.0		—		16.0		—		92.0		—		92.0
Emerging markets securities	—		16.2		—		16.2		—		—		—		—
Corporate debt securities	—		366.6		—		366.6		—		285.5		—		285.5
Government debt securities	—		130.8		—		130.8		—		106.4		—		106.4

Alternative investments:
Diversified investment funds	—		51.2		—		51.2		—		—		—		—
Domestic options contracts	—		4.7		—		4.7		—		—		—		—
Futures contracts	—		1.2		—		1.2		—		—		—		—

Limited partnerships	—		—		40.1		40.1		—		—		75.0		75.0

Insurance contracts	—		—		1.2		1.2		—		—		1.6		1.6

Total fair value	$	339.1	$	724.9	$	41.3	1,105.3		$	358.7	$	585.9	$	76.6	1,021.2
Unsettled transactions, net							5.3								2.3
Total plan assets							$	1,110.6							$	1,023.5

Schedule of Level Three Defined Benefit Plan Assets Roll Forward [Table Text Block]

The following table summarizes the changes in our Level 3 pension plan assets for the year-ended December 29, 2013, April 28, 2013 and April 29, 2012:



	Insurance Contracts			Limited Partnerships
	(in millions)
Balance, May 1, 2011	$	1.8		$	33.6
Actual return on plan assets:
Related to assets held at the reporting date	—			(2.7		)
Related to assets sold during the period	—			1.6
Purchases, sales and settlements, net	(0.2		)	42.5
Balance, April 29, 2012	1.6			75.0
Actual return on plan assets:
Related to assets held at the reporting date	—			(10.9		)
Related to assets sold during the period	—			2.4
Purchases, sales and settlements, net	(0.4		)	(26.4		)
Balance, April 28, 2013	1.2			40.1
Actual return on plan assets:
Related to assets held at the reporting date	—			(10.4		)
Related to assets sold during the period	—			4.0
Purchases, sales and settlements, net	(0.1		)	4.1
Balance, December 29, 2013	$	1.1		$	37.8

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 December 29, 2013, April 28, 2013 and April 29, 2012.



	Successor				Predecessor
	December 29, 2013				April 28, 2013				April 29, 2012
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
	(in millions)
Debt	$	3,120.2	$	3,020.1	$	2,732.9	$	2,479.1	$	2,176.5	$	1,937.3