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DISCONTINUED OPERATIONS AND OTHER DIVESTITURES | 9 Months Ended
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Feb. 24, 2019
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS AND OTHER DIVESTITURES | DISCONTINUED OPERATIONS AND OTHER DIVESTITURES Lamb Weston Spinoff On November 9, 2016, we completed the spinoff of our Lamb Weston business (the "Spinoff"). As of such date, we did not beneficially own any equity interest in Lamb Weston and no longer consolidated Lamb Weston into our financial results. We reflected the results of this business as discontinued operations for all periods presented.
| Thirteen weeks ended |  | Thirty-nine weeks ended
| February 25, 2018 |  | February 24, 2019 |  | February 25, 2018
Loss from discontinued operations before income taxes | $ | — |  |  | $ | — |  |  | $ | (0.3 | )
Income tax expense (benefit) | (14.5 | ) |  | 2.8 |  |  | (14.6 | )
Income (loss) from discontinued operations, net of tax | $ | 14.5 |  |  | $ | (2.8 | ) |  | $ | 14.3 |
We entered into a transition services agreement in connection with the Spinoff and recognized $0.1 million and $2.2 million of income for the performance of services during the third quarter and first three quarters of fiscal 2018, respectively, classified within selling, general and administrative ("SG&A") expenses. Private Brands Operations On February 1, 2016, pursuant to the Stock Purchase Agreement, dated as of November 1, 2015, we completed the disposition of our Private Brands operations to TreeHouse Foods, Inc. In the first three quarters of fiscal 2019 and 2018, we recognized income of $0.9 million and $0.2 million, respectively, within discontinued operations. We entered into a transition services agreement with TreeHouse Foods, Inc. and recognized $2.2 million of income for the performance of services during the first three quarters of fiscal 2018 classified within SG&A expenses. Other Divestitures During the first quarter of fiscal 2019, we completed the sale of our Del Monte® processed fruit and vegetable business in Canada, which was included in our International segment, to Bonduelle Group for combined proceeds of $42.4 million Canadian dollars, which was equivalent to approximately $32.2 million U.S. dollars at the exchange rates on the closing date of the transaction and the final settlement of the working capital adjustments. We recognized a gain on the sale of $13.2 million recognized within SG&A expenses. The assets of this business have been reclassified as assets held for sale within our Condensed Consolidated Balance Sheets for periods prior to the divestiture. The assets classified as held for sale reflected in our Condensed Consolidated Balance Sheets related to the Del Monte® processed fruit and vegetable business in Canada were as follows:
| May 27, 2018
Current assets | $ | 6.1 |
Noncurrent assets (including goodwill of $5.8 million) | 11.5 |
On February 25, 2019, subsequent to the end of the third quarter of fiscal 2019, we completed the sale of our Wesson® oil business, for net proceeds of $167.1 million, subject to final working capital adjustments. The business is primarily included in our Grocery & Snacks segment. The assets and liabilities classified as held for sale reflected in our Condensed Consolidated Balance Sheets related to the Wesson® oil business were as follows:
| February 24, 2019 |  | May 27, 2018
Current assets | $ | 27.9 |  |  | $ | 37.7 |
Noncurrent assets (including goodwill of $74.5 million) | 104.2 |  |  | 101.0 |
Current liabilities | 0.3 |  |  | — |
The Company expects to sell its Italian-based frozen pasta business, Gelit, headquartered in Doganella di Ninfa, Italy, within the next twelve months. The assets and liabilities classified as held for sale reflected in our Condensed Consolidated Balance Sheets related to the Gelit business were as follows:
| February 24, 2019 |  | May 27, 2018
Current assets | $ | 19.6 |  |  | $ | 23.5 |
Noncurrent assets (including goodwill of $15.1 million) | 43.3 |  |  | 43.3 |
Current liabilities | 13.6 |  |  | 13.9 |
Noncurrent liabilities | 6.9 |  |  | 4.4 |
In addition, we are actively marketing certain other assets totaling $11.6 million and $29.4 million at February 24, 2019, and May 27, 2018, respectively. These assets have been reclassified as assets held for sale within our Condensed Consolidated Balance Sheets for all periods presented.

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- Definition The entire disclosure 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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