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PRE-TAX INCOME AND INCOME TAXES - Schedule of the Tax Effect of Temporary Differences and Carryforwards (Details) - USD ($)
$ in Millions
May 31, 2020
May 26, 2019
Assets    
Inventory $ 19.5 $ 15.2
Accrued expenses 13.4 11.8
Compensation related liabilities 36.3 35.9
Pension and other postretirement benefits 35.2 54.6
Lease liabilities 61.3  
Other liabilities that will give rise to future tax deductions 88.1 123.5
Net capital and operating loss carryforwards 753.4 766.5
Federal credits 17.5 18.0
Other 52.7 37.6
Gross deferred tax assets 1,077.4 1,063.1
Less: Valuation allowance (728.3) (738.1)
Net deferred taxes 349.1 325.0
Liabilities    
Property, plant and equipment 258.4 240.7
Goodwill, trademarks and other intangible assets 1,108.4 1,187.0
Right-of-use assets 51.0  
Investment in unconsolidated subsidiaries 196.2 185.4
Other 31.8 24.0
Gross deferred tax liabilities 1,645.8 1,637.1
Net deferred taxes $ 1,645.8 $ 1,637.1