XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.20.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
--- | ---
Aug. 30, 2020
Accounting Policies [Abstract] |
Schedule of Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax | The following table details the accumulated balances for each component of other comprehensive income, net of tax:
|  | August 30, 2020 |  |  | May 31, 2020 |
Currency translation losses, net of reclassification adjustments |  | $ | (110.4 | ) |  | $ | (125.7 | )
Derivative adjustments, net of reclassification adjustments |  |  | 25.1 |  |  |  | 26.3 |
Pension and postretirement benefit obligations, net of reclassification adjustments |  |  | (10.5 | ) |  |  | (10.2 | )
Accumulated other comprehensive loss |  | $ | (95.8 | ) |  | $ | (109.6 | )
Summary of Reclassifications | The following table summarizes the reclassifications from accumulated other comprehensive loss into income:
|  | Thirteen weeks ended |  |  | Affected Line Item in the Condensed Consolidated Statement of Earnings1
|  | August 30, 2020 |  |  | August 25, 2019 |  |  |
Net derivative adjustments: |  |  |  |  |  |  |  |  |  |
Cash flow hedges |  | $ | (0.9 | ) |  | $ | (0.8 | ) |  | Interest expense, net
|  |  | (0.9 | ) |  |  | (0.8 | ) |  | Total before tax
|  |  | 0.2 |  |  |  | 0.2 |  |  | Income tax expense
|  | $ | (0.7 | ) |  | $ | (0.6 | ) |  | Net of tax
Pension and postretirement liabilities: |  |  |  |  |  |  |  |  |  |
Net prior service cost |  | $ | 0.1 |  |  | $ | 0.2 |  |  | Pension and postretirement non-service income
Net actuarial gain |  |  | (0.9 | ) |  |  | (1.2 | ) |  | Pension and postretirement non-service income
Curtailment |  |  | — |  |  |  | 0.6 |  |  | Pension and postretirement non-service income
|  |  | (0.8 | ) |  |  | (0.4 | ) |  | Total before tax
|  |  | 0.2 |  |  |  | 0.1 |  |  | Income tax expense
|  | $ | (0.6 | ) |  | $ | (0.3 | ) |  | Net of tax
1Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration