Financial Instruments, Risk Management Activities, and Fair Values (Tables)

12 Months Ended

May 26, 2013

FINANCIAL INSTRUMENTS, RISK MANAGEMENT ACTIVITIES, AND FAIR VALUES [Abstract]

Available For Sale Securities [Table Text Block]

	Cost				Market Value				Gross Gains				Gross Losses
	Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year
In Millions		2013		2012		2013		2012		2013		2012		2013		2012
Available for sale:
Debt securities	$	134.0	$	52.2	$	134.1	$	52.3	$	0.1	$	0.1	$	-	$	-
Equity securities		1.8		1.8		6.4		5.3		4.6		3.5		-		-
Total	$	135.8	$	54.0	$	140.5	$	57.6	$	4.7	$	3.6	$	-	$	-

Schedule Of Maturities Of Available For Sale Securities [Table Text Block]

		Available for Sale
In Millions		Cost		Market Value
Under 1 year (current)	$	130.2	$	130.2
From 1 to 3 years		2.2		2.3
From 4 to 7 years		1.6		1.6
Equity securities		1.8		6.4
Total	$	135.8	$	140.5

Schedule Of Net Mark To Market Valuation Of Certain Commodity Positions Recognized In Unallocated Corporate Items [Table Text Block]

	Fiscal Year
In Millions		2013		2012		2011
Net gain (loss) on mark-to-market valuation of commodity positions	$	(7.6)	$	(122.5)	$	160.3
Net loss (gain) on commodity positions reclassified from unallocated corporate items to segment operating profit		13.7		35.7		(93.6)
Net mark-to-market revaluation of certain grain inventories		(1.7)		(17.4)		28.5
Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items	$	4.4	$	(104.2)	$	95.2

Schedule Of Interest Rate Swaps [Table Text Block]

In Millions		May 26, 2013		May 27, 2012
Pay-floating swaps - notional amount	$	550.0	$	834.6
Average receive rate		1.1%		1.7%
Average pay rate		0.4%		0.3%
Treasury locks - notional amount	$	250.0	$	-

Schedule of Interest Rate Derivative Contract Maturities [Table Text Block]

In Millions		Pay Floating		Treasury Locks
2014	$	300.0	$	250.0
2015		-		-
2016		250.0		-
Total	$	550.0	$	250.0

Fair Value, Measurement Inputs, Disclosure [Table Text Block]

	May 26, 2013								May 26, 2013
	Fair Values of Assets								Fair Values of Liabilities
In Millions		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivatives designated as hedging instruments:
Interest rate contracts (a) (b)	$	-	$	10.3	$	-	$	10.3	$	-	$	-	$	-	$	-
Foreign exchange contracts (c) (d)		-		15.7		-		15.7		-		(1.6)		-		(1.6)
Total		-		26.0		-		26.0		-		(1.6)		-		(1.6)
Derivatives not designated as hedging instruments:
Foreign exchange contracts (c) (d)		-		6.7		-		6.7		-		(0.1)		-		(0.1)
Equity contracts (a) (e)		-		-		-		-		-		(0.2)		-		(0.2)
Commodity contracts (c) (e)		10.3		3.1		-		13.4		-		(3.9)		-		(3.9)
Grain contracts (c) (e)		-		7.5		-		7.5		-		(30.4)		-		(30.4)
Total		10.3		17.3		-		27.6		-		(34.6)		-		(34.6)
Other assets and liabilities reported at fair value:
Marketable investments (a) (f)		6.4		134.1		-		140.5		-		-		-		-
Total		6.4		134.1		-		140.5		-		-		-		-
Total assets, liabilities, and derivative positions recorded at fair value	$	16.7	$	177.4	$	-	$	194.1	$	-	$	(36.2)	$	-	$	(36.2)

(a)       These contracts and investments are recorded asprepaid expenses and other current assets, other assets, other current liabilities or other liabilities, as appropriate, based on whether in a gain or loss position. Certain marketable investments are recorded as cash and cash equivalents.

(b)       Based on LIBOR and swap rates.

(c)       These contracts are recorded as prepaid expenses and other current assets or as other current liabilities, as appropriate, based on whether in a gain or loss position.

(d)       Based on observable market transactions of spot currency rates and forward currency prices.

(e)       Based on prices of futures exchanges and recently reported transactions in the marketplace.

(f)       Based on prices of common stock and bond matrix pricing.

	May 27, 2012								May 27, 2012
	Fair Values of Assets								Fair Values of Liabilities
In Millions		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivatives designated as hedging instruments:
Interest rate contracts (a) (b)	$	-	$	5.7	$	-	$	5.7	$	-	$	-	$	-	$	-
Foreign exchange contracts (c) (d)		-		11.5		-		11.5		-		(18.8)		-		(18.8)
Total		-		17.2		-		17.2		-		(18.8)		-		(18.8)
Derivatives not designated as hedging instruments:
Interest rate contracts (a) (b)		-		0.5		-		0.5		-		-		-		-
Foreign exchange contracts (c) (d)		-		6.6		-		6.6		-		(1.1)		-		(1.1)
Equity contracts (a) (e)		-		-		-		-		-		(0.1)		-		(0.1)
Commodity contracts (c) (e)		8.0		1.0		-		9.0		-		(15.1)		-		(15.1)
Grain contracts (c) (e)		-		8.3		-		8.3		-		(20.6)		-		(20.6)
Total		8.0		16.4		-		24.4		-		(36.9)		-		(36.9)
Other assets and liabilities reported at fair value:
Marketable investments (a) (f)		5.3		52.3		-		57.6		-		-		-		-
Total		5.3		52.3		-		57.6		-		-		-		-
Total assets, liabilities, and derivative positions recorded at fair value	$	13.3	$	85.9	$	-	$	99.2	$	-	$	(55.7)	$	-	$	(55.7)

(a)       These contracts and investments are recorded as prepaid expenses andother current assets, other assets, other current liabilities or other liabilities, as appropriate, based on whether in a gain or loss position. Certain marketable investments are recorded as cash and cash equivalents.

(b)       Based on LIBOR and swap rates.

(c)       These contracts are recorded as prepaid expenses and other current assets or as other current liabilities, as appropriate, based on whether in a gain or loss position.

(d)       Based on observable market transactions of spot currency rates and forward currency prices.

(e)       Based on prices of futures exchanges and recently reported transactions in the marketplace.

(f)       Based on prices of common stock and bond matrix pricing.

Schedule of Gains and Losses on Hedges [Table Text Block]

		Interest Rate Contracts				Foreign Exchange Contracts				Equity Contracts				Commodity Contracts				Total
		Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year
In Millions		2013		2012		2013		2012		2013		2012		2013		2012		2013		2012
Derivatives in Cash Flow Hedging Relationships:
Amount of gain (loss) recognized in other comprehensive income (OCI) (a)	$	19.1	$	(78.6)	$	16.4	$	(7.3)	$	-	$	-	$	-	$	-	$	35.5	$	(85.9)
Amount of loss reclassified from AOCI into earnings (a) (b)		(12.5)		(8.2)		(4.8)		(9.9)		-		-		-		-		(17.3)		(18.1)
Amount of gain (loss) recognized in earnings (c)		-		(0.5)		0.4		(0.3)		-		-		-		-		0.4		(0.8)
Derivatives in Fair Value Hedging Relationships:
Amount of net gain (loss) recognized in earnings (d)		0.8		(0.8)		-		-		-		-		-		-		0.8		(0.8)
Derivatives Not Designated as Hedging Instruments:
Amount of gain (loss) recognized in earnings (d)		-		-		11.6		(1.3)		12.0		(1.0)		(7.6)		(122.5)		16.0		(124.8)

(a)       Effective portion.

(b)Loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts.

(c)       Gain (loss) recognized in earnings is related to the ineffective portion of the hedging relationship, including SG&A expenses for foreign exchange contracts and interest, net for interest rate contracts. No amounts were reported as a result of being excluded from the assessment of hedge effectiveness.

(d)       Gain (loss)recognized in earnings is reported in interest, net for interest rate contracts, in cost of sales for commodity contracts, and in SG&A expenses for equity contracts and foreign exchange contracts.