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Acquisitions and Divestitures (Tables) | 12 Months Ended
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May 28, 2016
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition |
Assets Acquired and Liabilities Assumed on July 28, 2014
(In millions) | Fair Value
Purchase price | $ | 155.2 |
Fair value of the assets acquired: |
Cash | 1.2 |
Accounts receivable | 2.2 |
Inventory | 47.4 |
Current deferred tax asset | 1.5 |
Other current assets | 5.5 |
Goodwill | 75.6 |
Other intangible assets | 68.5 |
Property | 32.0 |
Other long term assets | 2.4 |
Total assets acquired | 236.3 |
Fair value of liabilities assumed: |
Accounts payable | 20.8 |
Accrued compensation and benefits | 1.6 |
Other accrued liabilities | 12.3 |
Long term deferred tax liability | 14.5 |
Other long term liabilities | 0.4 |
Total liabilities assumed | 49.6 |
Redeemable noncontrolling interests | 25.7 |
Noncontrolling interests | 5.8 |
Net assets acquired | $ | 155.2 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Other intangible assets acquired as a result of the acquisition of DWR were valued at $68.5 million. These amounts are reflected in the values presented in the following table:
Intangible Assets Acquired from the DWR Acquisition |
(In millions) | Fair Value | Useful Life
Trade Names and Trademarks | $ | 55.1 |  | Indefinite
Exclusive Distribution Agreements | 0.2 |  | 1.5 years
Customer Relationships | 12.0 |  | 10 - 16 years
Product Development Designs | 1.2 |  | 7 years
Total Intangible Assets Acquired | $ | 68.5 |  |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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