XML 45 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables)
9 Months Ended 12 Months Ended
Feb. 28, 2013
May 31, 2012
Fair Value Disclosures [Abstract]    
Fair Value of Assets and Liabilities Measured on Recurring Basis
The following table provides information by level for assets and liabilities that are measured at fair value on a recurring basis at February 28, 2013 and May 31, 2012:
 
 
 
Fair Value Measurements
 
Fair Value at
February 28, 2013
 
Using Inputs Considered as
(in millions)
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
122.4

 
$
122.4

 
$

 
$

Time deposits
16.0

 

 
16.0

 

Greek bonds
4.9

 

 
4.9

 

Pension plan assets
128.4

 

 
128.4

 

Foreign currency exchange contracts
0.2

 

 
0.2

 

Other
0.3

 
0.2

 

 
0.1

Total assets
$
272.2

 
$
122.6

 
$
149.5

 
$
0.1

Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
66.6

 
$

 
$
66.6

 
$

Foreign currency exchange contracts
1.5

 

 
1.5

 

Total liabilities
$
68.1

 
$

 
$
68.1

 
$

 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
Fair Value at
 
Using Inputs Considered as
(in millions)
May 31, 2012
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
303.1

 
$
303.1

 
$

 
$

Time deposits
36.3

 

 
36.3

 

Greek bonds
6.3

 

 
6.3

 

Pension plan assets
108.7

 

 
108.7

 

Foreign currency exchange contracts
0.2

 

 
0.2

 

Other
0.2

 

 

 
0.2

Total assets
$
454.8

 
$
303.1

 
$
151.5

 
$
0.2

Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
76.2

 
$

 
$
76.2

 
$

Foreign currency exchange contracts
0.2

 

 
0.2

 

Total liabilities
$
76.4

 
$

 
$
76.4

 
$

The following table provides information by level for assets and liabilities that are measured at fair value on a recurring basis at May 31, 2012 and May 31, 2011:
 
Fair Value at
 
Fair Value Measurement
Using Inputs Considered as
(in millions)
May 31, 2012
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
303.1

 
$
303.1

 
$

 
$

Time deposits
36.3

 

 
36.3

 

Greek bonds
6.3

 

 
6.3

 

Pension plan assets
108.7

 

 
108.7

 

Foreign currency exchange contracts
0.2

 

 
0.2

 

Other
0.2

 

 

 
0.2

Total assets
$
454.8

 
$
303.1

 
$
151.5

 
$
0.2

Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
76.2

 
$

 
$
76.2

 
$

Foreign currency exchange contracts
0.2

 

 
0.2

 

Total liabilities
$
76.4

 
$

 
$
76.4

 
$


 
Fair Value at
 
Fair Value Measurement
Using Inputs Considered as
(in millions)
May 31, 2011
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Corporate debt securities
$
0.3

 
$

 
$
0.3

 
$

Money market funds
132.5

 
132.5

 

 

Time deposit
47.4

 

 
47.4

 

Greek bonds
31.1

 

 
31.1

 

Pension plan assets
104.1

 

 
104.1

 

Foreign currency exchange contracts
0.2

 

 
0.2

 

Other
0.5

 
0.3

 

 
0.2

Total assets
$
316.1

 
$
132.8

 
$
183.1

 
$
0.2

Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
96.8

 
$

 
$
96.8

 
$

Foreign currency exchange contracts
0.1

 

 
0.1

 

Total liabilities
$
96.9

 
$

 
$
96.9

 
$

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]  
The following table provides a reconciliation of the beginning and ending balances of items measured at fair value on a recurring basis in the tables above that used significant unobservable inputs (Level 3) as of May 31, 2012 and May 31, 2011:
(in millions)

Balance at June 1, 2010
$
5.7

Total net gains included in earnings
2.6

Total unrealized gains included in other comprehensive income
(2.6)

Total proceeds from sale of Level 3 investments
(5.5)

Balance at May 31, 2011
$
0.2

Total net gains included in earnings

Total unrealized gains included in other comprehensive income

Total proceeds from sale of Level 3 investments

Balance at May 31, 2012
$
0.2