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Fair Value Measurements (Tables)
6 Months Ended
Nov. 30, 2014
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 November 30, 2014 and May 31, 2014:
 
 
 
Fair Value Measurements
 
Fair Value at
November 30, 2014
 
Using Inputs Considered as
(in millions)
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
124.6

 
$
124.6

 
$

 
$

Time deposits
10.2

 

 
10.2

 

Pension plan assets
144.9

 

 
129.9

 
15.0

Foreign currency exchange contracts
6.0

 

 
6.0

 

Equity securities
3.4

 
3.2

 

 
0.2

Total assets
$
289.1

 
$
127.8

 
$
146.1

 
$
15.2

Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
15.5

 
$

 
$
15.5

 
$

Foreign currency exchange contracts
0.4

 

 
0.4

 

Total liabilities
$
15.9

 
$

 
$
15.9

 
$

 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
 
Fair Value at
May 31, 2014
 
Using Inputs Considered as
(in millions)
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market funds
$
145.0

 
$
145.0

 
$

 
$

Time deposits
25.8

 

 
25.8

 

Pension plan assets
147.5

 

 
132.5

 
15.0

Foreign currency exchange contracts
1.1

 

 
1.1

 

Equity securities
0.5

 
0.3

 

 
0.2

Total assets
$
319.9

 
$
145.3

 
$
159.4

 
$
15.2

Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
20.2

 
$

 
$
20.2

 
$

Foreign currency exchange contracts
1.3

 

 
1.3

 

Total liabilities
$
21.5

 
$

 
$
21.5

 
$