MERGER AND ACQUISITION (Tables) (Shuanghui Merger [Member])

6 Months Ended

Oct. 27, 2013

Shuanghui Merger [Member]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following is a summary of the preliminary allocation of the total purchase consideration to the estimated fair values of our assets acquired, liabilities assumed and noncontrolling interests by Shuanghui in the transaction:



	(in millions)
Cash and cash equivalents	$	250.5
Accounts receivable	764.8
Inventories	2,506.9
Prepaid expenses and other current assets	215.0
Property, plant and equipment	2,743.7
Goodwill	1,601.8
Investments	495.5
Intangible assets	1,403.0
Other assets	171.2
Assets acquired by Shuanghui	10,152.4

Current portion of long-term debt and capital lease obligations	239.1
Accounts payable	535.3
Accrued expenses and other current liabilities	576.2
Long-term debt and capital lease obligations	2,509.1
Other liabilities	1,341.5
Liabilities assumed by Shuanghui	5,201.2

Redeemable noncontrolling interests and noncontrolling interests	48.2
Total purchase consideration	$	4,903.0

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma financial data summarizes the Company's results of operations as if the Merger had occurred as of April 29, 2012. The pro forma data is for informational purposes only and may not necessarily reflect the actual results of operations had the Merger been consummated on April 29, 2012.



	Three Months Ended				Six Months Ended
	October 27, 2013		October 28, 2012		October 27, 2013		October 28, 2012
			(in million)
Sales	$	3,425.3	$	3,225.8	$	6,818.6	$	6,317.1
Net income	$	57.3	$	29.8	$	115.9	$	86.4

The most significant pro forma adjustments were to reflect the impact of fair value step-ups of both assets and liabilities (e.g., inventory, property, plant and equipment, long-term debt) and fees and expenses related to the Merger noted above.