FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Nov. 27, 2016

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 27, 2016:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	2.6	$	23.4	$	—	$	26.0
Available-for-sale securities	3.4		—		—		3.4
Total assets	$	6.0	$	23.4	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	0.7	$	—	$	0.7
Deferred compensation liabilities	48.9		—		—		48.9
Total liabilities	$	48.9	$	0.7	$	—	$	49.6

The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 29, 2016:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	3.3	$	20.8	$	—	$	24.1
Available-for-sale securities	3.0		—		—		3.0
Total assets	$	6.3	$	20.8	$	—	$	27.1
Liabilities:
Derivative liabilities	$	—	$	0.6	$	—	$	0.6
Deferred compensation liabilities	40.0		—		—		40.0
Total liabilities	$	40.0	$	0.6	$	—	$	40.6