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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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May 29, 2016
Accounting Policies [Abstract] |
Property plant and equipment estimated useful lives of respective classes of assets | Depreciation has been calculated using the straight-line method over the estimated useful lives of the respective classes of assets as follows:
Land improvements |  | 1 - 40 years
Buildings |  | 15 - 40 years
Machinery and equipment |  | 3 - 20 years
Furniture, fixtures, office equipment and other |  | 5 - 15 years
Balances in accumulated other comprehensive income (loss), net of tax | The following table details the accumulated balances for each component of other comprehensive income (loss), net of tax (except for currency translation adjustments):
| 2016 |  | 2015 |  | 2014
Currency translation gains (losses), net of reclassification adjustments | $ | (95.2 | ) |  | $ | (113.9 | ) |  | $ | 23.7 |
Derivative adjustments, net of reclassification adjustments | (0.4 | ) |  | 0.9 |  |  | 1.2 |
Unrealized losses on available-for-sale securities | (0.6 | ) |  | (0.7 | ) |  | (1.1 | )
Pension and post-employment benefit obligations, net of reclassification adjustments | (248.3 | ) |  | (215.8 | ) |  | (158.1 | )
Accumulated other comprehensive loss | $ | (344.5 | ) |  | $ | (329.5 | ) |  | $ | (134.3 | )
Reclassification out of Accumulated Other Comprehensive Income | The following table summarizes the reclassifications from accumulated other comprehensive loss into income (loss):
|  |  |  |  | Affected Line Item in the Consolidated Statement of Operations 1
| 2016 |  | 2015 |  |
Net derivative adjustment, net of tax: |  |  |  |  |
Cash flow hedges | $ | (2.1 | ) |  | $ | (0.5 | ) |  | Interest expense, net
| (2.1 | ) |  | (0.5 | ) |  | Total before tax
| 0.8 |  |  | 0.2 |  |  | Income tax expense (benefit)
| $ | (1.3 | ) |  | $ | (0.3 | ) |  | Net of tax
Amortization of pension and postretirement healthcare liabilities: |  |  |  |  |
Net prior service benefit | $ | (5.1 | ) |  | $ | (4.2 | ) |  | Selling, general and administrative expenses
Divestiture of Private Brands | (4.3 | ) |  | — |  |  | Income (loss) from discontinued operations, net of tax
Pension settlement of equity method investment | (5.2 | ) |  | — |  |  | Equity method investment earnings
Net actuarial loss | 0.1 |  |  | 3.5 |  |  | Selling, general and administrative expenses
Curtailment | — |  |  | 1.5 |  |  | Cost of goods sold
| (14.5 | ) |  | 0.8 |  |  | Total before tax
| 4.9 |  |  | (0.3 | ) |  | Income tax expense (benefit)
| $ | (9.6 | ) |  | $ | 0.5 |  |  | Net of tax
Currency translation losses | $ | 73.4 |  |  | $ | — |  |  | Income (loss) from discontinued operations, net of tax
| $ | 73.4 |  |  | $ | — |  |  | Total before tax
| $ | — |  |  | $ | — |  |  | Income tax expense
| $ | 73.4 |  |  | $ | — |  |  | Net of tax
1 Amounts in parentheses indicate income recognized in the Consolidated Statements of Operations.

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
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