RESTRUCTURING (Tables)

9 Months Ended

Feb. 24, 2013

Restructuring and Related Activities [Abstract]

Summary of Expected Realization and Incurred Restructuring Pre-Tax Expenses

We anticipate that we will recognize the following pre-tax expenses associated with the Network Optimization Plan in the fiscal 2011 to fiscal 2014 timeframe (amounts include charges recognized in fiscal 2011, 2012, and the first three quarters of fiscal 2013):

	Consumer Foods			Commercial Foods		Corporate		Ralcorp Food Group		Ralcorp Frozen Bakery Products			Total
Accelerated depreciation	$	22.5		$	—	$	—	$	—	$	—		$	22.5
Inventory write-offs and related costs	7.9			0.4		—		—		—			8.3
Total cost of goods sold	30.4			0.4		—		—		—			30.8
Asset impairment	14.7			14.0		—		—		—			28.7
Gain on sale of property, plant and equipment	(1.0		)	—		—		—		—			(1.0		)
Severance and related costs	7.6			0.1		0.2		2.5		(0.2		)	10.2
Other, net	8.5			1.5		0.8		0.1		0.3			11.2
Total selling, general and administrative expenses	29.8			15.6		1.0		2.6		0.1			49.1
Consolidated total	$	60.2		$	16.0	$	1.0	$	2.6	$	0.1		$	79.9

During the third quarter of fiscal 2013, we recognized the following pre-tax expenses associated with the Administrative Efficiency Plan:

	Consumer Foods		Corporate		Total
Accelerated depreciation	$	—	$	0.1	$	0.1
Severance and related costs	0.2		—		0.2
Other, net	—		—		—
Total selling, general and administrative expenses	0.2		0.1		0.3
Consolidated total	$	0.2	$	0.1	$	0.3

During the first three quarters of fiscal 2013, we recognized the following pre-tax expenses associated with the Administrative Efficiency Plan:

	Consumer Foods		Corporate		Total
Accelerated depreciation	$	—	$	0.3	$	0.3
Severance and related costs	1.1		—		1.1
Other, net	0.4		—		0.4
Total selling, general and administrative expenses	1.5		0.3		1.8
Consolidated total	$	1.5	$	0.3	$	1.8

We recognized the following cumulative (plan inception to February 24, 2013) pre-tax charges related to the Administrative Efficiency Plan in our consolidated statement of earnings:

	Consumer Foods		Commercial Foods		Corporate		Total
Accelerated depreciation	$	—	$	—	$	1.4	$	1.4
Severance and related costs	7.3		—		2.2		9.5
Other, net	6.3		1.0		0.3		7.6
Total selling, general and administrative expenses	13.6		1.0		3.9		18.5
Consolidated total	$	13.6	$	1.0	$	3.9	$	18.5

We anticipate that we will recognize the following acquisition-related exit costs in selling, general and administrative expenses during fiscal 2012 to 2014 (amounts include charges recognized in fiscal 2012 and the first three quarters of fiscal 2013):

	Consumer		Corporate		Total
Severance and related costs	$	8.6	$	—	$	8.6
Asset impairment	1.5		2.5		4.0
Other, net	0.6		—		0.6
Total selling, general and administrative expenses	10.7		2.5		13.2
Consolidated total	$	10.7	$	2.5	$	13.2

During the third quarter of fiscal 2013, we recognized the following pre-tax expenses associated with the Network Optimization Plan:

	Consumer Foods			Corporate		Ralcorp Food Group		Ralcorp Frozen Bakery Products			Total
Accelerated depreciation	$	—		$	—	$	—	$	—		$	—
Inventory write-offs and related costs	0.5			—		—		—			0.5
Total cost of goods sold	0.5			—		—		—			0.5
Asset impairment	1.1			—		—		—			1.1
Gain on sale of property, plant and equipment	—			—		—		—			—
Severance and related costs	(2.1		)	0.1		0.6		(0.2		)	(1.6		)
Other, net	0.2			—		0.1		0.1			0.4
Total selling, general and administrative expenses	(0.8		)	0.1		0.7		(0.1		)	(0.1		)
Consolidated total	$	(0.3	)	$	0.1	$	0.7	$	(0.1	)	$	0.4

During the first three quarters of fiscal 2013, we recognized the following pre-tax expenses associated with the Network Optimization Plan:

	Consumer Foods			Corporate		Ralcorp Food Group		Ralcorp Frozen Bakery Products			Total
Accelerated depreciation	$	2.0		$	—	$	—	$	—		$	2.0
Inventory write-offs and related costs	0.6			—		—		—			0.6
Total cost of goods sold	2.6			—		—		—			2.6
Asset impairment	1.4			—		—		—			1.4
Gain on sale of property, plant and equipment	(1.0		)	—		—		—			(1.0		)
Severance and related costs	(1.9		)	0.1		0.6		(0.2		)	(1.4		)
Other, net	2.3			0.8		0.1		0.1			3.3
Total selling, general and administrative expenses	0.8			0.9		0.7		(0.1		)	2.3
Consolidated total	$	3.4		$	0.9	$	0.7	$	(0.1	)	$	4.9

We recognized the following cumulative (plan inception to February 24, 2013) pre-tax expenses related to the Network Optimization Plan:

	Consumer Foods			Commercial Foods		Corporate		Ralcorp Food Group		Ralcorp Frozen Bakery Products			Total
Accelerated depreciation	$	22.5		$	—	$	—	$	—	$	—		$	22.5
Inventory write-offs and related costs	7.5			0.4		—		—		—			7.9
Total cost of goods sold	30.0			0.4		—		—		—			30.4
Asset impairment	14.7			14.0		—		—		—			28.7
Gain on sale of property, plant and equipment	(1.0		)	—		—		—		—			(1.0		)
Severance and related costs	7.6			0.1		0.1		0.6		(0.2		)	8.2
Other, net	8.5			1.5		0.8		0.1		0.1			11.0
Total selling, general and administrative expenses	29.8			15.6		0.9		0.7		(0.1		)	46.9
Consolidated total	$	59.8		$	16.0	$	0.9	$	0.7	$	(0.1	)	$	77.3

We anticipate that we will recognize the following pre-tax expenses associated with the Administrative Efficiency Plan in the fiscal 2012 to 2014 timeframe (amounts include charges recognized in fiscal 2012 and the first three quarters of fiscal 2013):

	Consumer Foods		Commercial Foods		Corporate		Total
Accelerated depreciation	$	—	$	—	$	1.5	$	1.5
Severance and related costs	7.3		—		2.3		9.6
Other, net	6.7		1.1		0.2		8.0
Total selling, general and administrative expenses	14.0		1.1		4.0		19.1
Consolidated total	$	14.0	$	1.1	$	4.0	$	19.1

During the third quarter of fiscal 2013, we recognized the following pre-tax expenses associated with acquisition-related exit costs:

	Consumer		Corporate		Total
Severance and related costs	$	0.7	$	—	$	0.7
Asset impairment	1.2		2.5		3.7
Other, net	—		—		—
Total selling, general and administrative expenses	1.9		2.5		4.4
Consolidated total	$	1.9	$	2.5	$	4.4

During the first three quarters of fiscal 2013, we recognized the following pre-tax expenses for acquisition-related exit costs:

	Consumer			Corporate		Total
Accelerated depreciation of fixed assets	$	(0.2	)	$	—	$	(0.2	)
Total cost of goods sold	(0.2		)	—		(0.2		)
Severance and related costs	4.3			—		4.3
Asset impairment	1.5			2.5		4.0
Other, net	0.3			—		0.3
Total selling, general and administrative expenses	6.1			2.5		8.6
Consolidated total	$	5.9		$	2.5	$	8.4

We recognized the following cumulative (plan inception to February 24, 2013) pre-tax acquisition-related exit costs in our consolidated statement of earnings:

	Consumer		Corporate		Total
Severance and related costs	$	8.6	$	—	$	8.6
Asset impairment	1.5		2.5		4.0
Other, net	0.3		—		0.3
Total selling, general and administrative expenses	10.4		2.5		12.9
Consolidated total	$	10.4	$	2.5	$	12.9

Liabilities for Initiatives and Changes

Liabilities recorded for the various initiatives and changes therein for the first three quarters of fiscal 2013 under the Network Optimization Plan were as follows:

	Balance at May 27, 2012		Ralcorp Liability Assumed		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at February 24, 2013
Severance and related costs	$	7.0	$	4.2	$	1.5	$	(4.2	)	$	(3.5	)	$	5.0
Plan implementation costs	0.8		1.4		2.7		(3.5		)	—			1.4
Total	$	7.8	$	5.6	$	4.2	$	(7.7	)	$	(3.5	)	$	6.4

Liabilities recorded for acquisition-related exit costs and changes therein for the first three quarters of fiscal 2013 were as follows:

	Balance at May  27, 2012		Costs Incurred and Charged to Expense		Costs Paid or  Otherwise Settled			Changes  in Estimates			Balance at Balance at February 24, 2013
Severance and related costs	$	4.3	$	4.6	$	(6.0	)	$	(1.0	)	$	1.9
Total	$	4.3	$	4.6	$	(6.0	)	$	(1.0	)	$	1.9

Liabilities recorded for the various initiatives and changes therein for the first three quarters of fiscal 2013 under the Administrative Efficiency Plan were as follows:

	Balance at May 27, 2012		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates			Balance at February 24, 2013
Severance and related costs	$	2.1	$	1.2	$	(2.5	)	$	(0.2	)	$	0.6
Plan implementation costs	0.3		0.2		(0.5		)	—			—
Total	$	2.4	$	1.4	$	(3.0	)	$	(0.2	)	$	0.6