XML 27 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
SUBSEQUENT EVENTS
9 Months Ended
Feb. 22, 2015
Subsequent Events [Abstract]  
Subsequent Events

(17) Subsequent Events

 

After the third quarter of fiscal 2015, we approved a one-time repatriation of approximately $600 million of foreign earnings.  This action will reduce the economic cost of funding current restructuring initiatives and the acquisition of Annie's completed earlier in the year.  We expect to record a discrete tax charge of approximately $60 million to $80 million in the fourth quarter of fiscal 2015 related to this action.  We have previously asserted that our foreign earnings are permanently reinvested and will only be repatriated in a tax-neutral manner, and this one-time repatriation does not change this on-going assertion.