Employee Benefit Plans

6 Months Ended

Nov. 29, 2014

Pension and Other Postretirement Benefits Disclosure

EMPLOYEE BENEFIT PLANS

Pension Plans and Post-Retirement Medical Insurance

During the second quarter of fiscal 2014, the company settled the remaining obligations associated with its primary domestic defined benefit pension plans. Plan participants received vested benefits from the plan assets by electing either a lump sum distribution, roll-over contribution to other 401(k) or individual retirement plans, or an annuity contract with a qualifying third-party provider. These payments resulted in the settlement of the primary domestic defined benefit pension plans, thus relieving the company of any further obligation.

Components of Net Periodic Benefit Costs



(In millions)	Three Months Ended
	Pension Benefits						Other Post-Retirement Benefits
	November 29, 2014			November 30, 2013			November 29, 2014		November 30, 2013
Domestic:
Interest cost	$	—		$	2.6		$	0.1	$	0.1
Expected return on plan assets	—			(1.9		)	—		—
Net amortization loss	—			2.4			—		—
Settlement loss recognized	—			158.2			—		—
Net periodic benefit cost	$	—		$	161.3		$	0.1	$	0.1

International:
Interest cost	$	1.1		$	1.0
Expected return on plan assets	(1.5		)	(1.2		)
Net amortization loss	0.5			0.4
Net periodic benefit cost	$	0.1		$	0.2

	Six Months Ended
	Pension Benefits						Other Post-Retirement Benefits
	November 29, 2014			November 30, 2013			November 29, 2014		November 30, 2013
Domestic:
Interest cost	$	—		$	5.2		$	0.2	$	0.2
Expected return on plan assets	—			(3.8		)	—		—
Net amortization loss	—			4.8			—		—
Settlement loss recognized	—			158.2			—		—
Net periodic benefit cost	$	—		$	164.4		$	0.2	$	0.2

International:
Interest cost	$	2.3		$	2.0
Expected return on plan assets	(3.0		)	(2.4		)
Net amortization loss	1.0			0.8
Net periodic benefit cost	$	0.3		$	0.4

- Definition

The entire disclosure for pension and other postretirement benefits.

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