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DISCONTINUED OPERATIONS AND THE FORMATION OF ARDENT MILLS (Tables) | 3 Months Ended
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Aug. 30, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of disposal groups, including discontinued operations, income statement, balance sheet and additional disclosures | The summary comparative financial results of discontinued operations were as follows:
| Thirteen Weeks Ended
| August 30, 2015 |  | August 24, 2014
Net sales | $ | 894.2 |  |  | $ | 954.2 |
Net gain on sale of businesses | $ | — |  |  | $ | 626.5 |
Goodwill and long-lived asset impairment charges | (1,812.3 | ) |  | — |
Income from operations of discontinued operations before income taxes and equity method investment earnings | 20.7 |  |  | 1.4 |
Income (loss) before income taxes | (1,791.6 | ) |  | 627.9 |
Income tax expense (benefit) | (472.0 | ) |  | 239.6 |
Income (loss) from discontinued operations, net of tax | $ | (1,319.6 | ) |  | $ | 388.3 |
Assets and liabilities classified as held for sale | The assets and liabilities classified as held for sale reflected in our Condensed Consolidated Balance Sheets were as follows:
|  | August 30, 2015 |  | May 31, 2015
Cash and cash equivalents |  | $ | 22.6 |  |  | $ | 18.4 |
Receivables, less allowance for doubtful accounts of $0.4 and $0.5 |  | 201.8 |  |  | 200.4 |
Inventories |  | 511.9 |  |  | 486.0 |
Prepaid expenses and other current assets |  | 3.8 |  |  | 34.2 |
Current assets held for sale |  | $ | 740.1 |  |  | $ | 739.0 |
Property, plant and equipment, net |  | $ | 898.2 |  |  | $ | 914.1 |
Goodwill |  | 991.5 |  |  | 1,600.8 |
Brands, trademarks and other intangibles, net |  | 525.1 |  |  | 1,716.6 |
Other assets |  | 3.0 |  |  | 2.6 |
Noncurrent assets held for sale |  | $ | 2,417.8 |  |  | $ | 4,234.1 |
Accounts payable |  | $ | 226.9 |  |  | $ | 219.5 |
Other accrued liabilities |  | 56.7 |  |  | 68.4 |
Current liabilities held for sale |  | $ | 283.6 |  |  | $ | 287.9 |
Senior long-term debt, excluding current installments |  | $ | 39.9 |  |  | $ | 40.0 |
Other noncurrent liabilities |  | 223.5 |  |  | 709.9 |
Noncurrent liabilities held for sale |  | $ | 263.4 |  |  | $ | 749.9 |

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 + Details
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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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