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LONG-TERM DEBT (Schedule of Debt) (Details) - USD ($) $ in Millions | May. 31, 2015 | May. 25, 2014 | May. 26, 2013
--- | --- | --- | ---
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 7,801.3 | $ 8,736.8 |
Unamortized fair value adjustment of senior debt in connection with Ralcorp | 146.7 | 154.5 |
Unamortized discounts/premiums | (32.8) | (46.5) |
Unamortized debt issuance costs | (30.1) | (46.9) |
Adjustment due to hedging activity | 11.8 | 6.7 |
Less current installments | (1,008.0) | (84.1) |
Total long-term debt | 6,888.9 | 8,720.5 |
4.65% senior debt due January 2043 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 737.0 | $ 937.0 | $ 1,000.0
Interest rate | 4.65% | 4.65% |
6.625% senior debt due August 2039 (including Ralcorp senior notes) |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 450.0 | $ 450.0 |
Interest rate | 6.625% | 6.625% |
8.25% senior debt due September 2030 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 300.0 | $ 300.0 |
Interest rate | 8.25% | 8.25% |
7.0% senior debt due October 2028 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 382.2 | $ 382.2 |
Interest rate | 7.00% | 7.00% |
6.7% senior debt due August 2027 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 9.2 | $ 9.2 |
Interest rate | 6.70% | 6.70% |
7.125% senior debt due October 2026 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 372.4 | $ 372.4 |
Interest rate | 7.125% | 7.125% |
3.2% senior debt due January 2023 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 1,000.0 | $ 1,225.0 | $ 1,225.0
Interest rate | 3.20% | 3.20% |
3.25% senior debt due September 2022 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 250.0 | $ 250.0 |
Interest rate | 3.25% | 3.25% |
9.75% subordinated debt due March 2021 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 195.9 | $ 195.9 |
Interest rate | 9.75% | 9.75% |
4.95% senior debt due August 2020 (including Ralcorp senior notes) |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 300.0 | $ 300.0 |
Interest rate | 4.95% | 4.95% |
7.0% senior debt due April 2019 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 475.0 | $ 500.0 |
Interest rate | 7.00% | 7.00% |
2.1% senior debt due March 2018 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 225.0 | $ 250.0 |
Interest rate | 2.10% | 2.10% |
1.9% senior debt due January 2018 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 1,000.0 | $ 1,000.0 |
Interest rate | 1.90% | 1.90% |
LIBOR plus 1.75% term loans due January 2018 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 0.0 | $ 900.0 |
Interest rate | 1.75% | 1.75% |
5.819% senior debt due June 2017 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 475.0 | $ 500.0 |
Interest rate | 5.819% | 5.819% |
LIBOR plus 0.37% term loans due July 2016 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 550.0 | $ 0.0 |
Interest rate | 0.37% | 0.37% |
1.3% senior debt due January 2016 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 750.0 | $ 750.0 |
Interest rate | 1.30% | 1.30% |
1.35% senior debt due September 2015 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 250.0 | $ 250.0 |
Interest rate | 1.35% | 1.35% |
2.00% to 9.59% lease financing obligations due on various dates through 2040 |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 68.7 | $ 78.7 |
2.00% to 9.59% lease financing obligations due on various dates through 2040 | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | 2.00% | 2.00% |
2.00% to 9.59% lease financing obligations due on various dates through 2040 | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | 9.59% | 9.59% |
Other indebtedness |  |  |
Debt Instrument [Line Items] |  |  |
Total face value of debt | $ 10.9 | $ 86.4 |

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