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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
May 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Summary Existing Swap Agreements
The table below summarizes existing swap agreements at May 31, 2013 and 2012:
 
(U.S. dollars and euros in millions)
 
 
 
 
 
Fair Value at
 
Fair Value at
 
 
 
 
Notional
 
 
 
 
 
May 31, 2013
 
May 31, 2012
Structure
 
Currency
 
Amount   
 
Effective Date
 
Termination Date
 
Asset (Liability)
 
Asset (Liability)
5 years
 
EUR
 
230.0

 
September 25, 2007
 
September 25, 2012
 
$

 
$
(3.5
)
5 years
 
EUR
 
40.0

 
March 25, 2008
 
March 25, 2013
 

 
(1.4
)
5 years
 
EUR
 
200.0

 
September 25, 2012
 
September 25, 2017
 
(11.3
)
 
(9.5
)
5 years
 
EUR
 
200.0

 
September 25, 2012
 
September 25, 2017
 
(11.1
)
 
(9.3
)
5 years
 
USD
 
$
585.0

 
September 25, 2007
 
September 25, 2012
 

 
(8.9
)
5 years
 
USD
 
190.0

 
March 25, 2008
 
March 25, 2013
 

 
(4.2
)
5 years
 
USD
 
325.0

 
December 26, 2008
 
December 25, 2013
 
(3.8
)
 
(9.0
)
5 years
 
USD
 
195.0

 
September 25, 2009
 
September 25, 2014
 
(6.7
)
 
(10.5
)
2 years
 
USD
 
190.0

 
March 25, 2013
 
March 25, 2015
 
(1.7
)
 
(1.0
)
3 years
 
USD
 
270.0

 
December 27, 2013
 
September 25, 2016
 
(5.2
)
 
(3.8
)
5 years
 
USD
 
350.0

 
September 25, 2012
 
September 25, 2017
 
(7.5
)
 
(8.0
)
5 years
 
USD
 
350.0

 
September 25, 2012
 
September 25, 2017
 
(7.4
)
 
(7.9
)
Credit valuation adjustment
 
 
 
0.6

 
0.8

Total interest rate instruments
 
 
 
$
(54.1
)
 
$
(76.2
)
Schedule of Interest Rate Swap
The tables below summarize the effective portion and ineffective portion of the Company’s interest rate swaps for the years ended May 31, 2013, 2012 and 2011:
 
(in millions)
 
 
 
 
Derivatives in cash flow hedging relationship
 
May 31, 2013
 
May 31, 2012
 
May 31, 2011
Interest rate swaps:
 
 
 
 
 
 
Amount of (gain) loss recognized in OCI
 
$
22.0

 
$
20.5

 
$
33.1

Amount of (gain) loss reclassified from accumulated OCI into interest expense (effective portion)(1)
 
49.5

 
69.0

 
87.9

Amount (gain) loss recognized in other income (expense) (ineffective portion and amount excluded from effectiveness testing)