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Redeemable Noncontrolling Interests
6 Months Ended
Dec. 02, 2017
Redeemable Noncontrolling Interests [Abstract]  
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests

Redeemable noncontrolling interests are reported on the Consolidated Balance Sheets in mezzanine equity in “Redeemable noncontrolling interests.” The company recognizes changes to the redemption value of redeemable noncontrolling interests as they occur and adjusts the carrying value to equal the redemption value at the end of each reporting period. The redemption amounts have been estimated based on the fair value of the subsidiary, determined based on a weighting of the discounted cash flow and market methods. This represents a level 3 fair value measurement.

Changes in the company’s redeemable noncontrolling interests for the six months ended December 2, 2017 and December 3, 2016 are as follows:
(In millions)
December 2, 2017
 
December 3, 2016
Beginning Balance
$
24.6

 
$
27.0

Purchase of redeemable noncontrolling interests
(1.0
)
 
(1.5
)
Net income attributable to redeemable noncontrolling interests

 
0.1

Redemption value adjustment
0.2

 
(0.3
)
Other adjustments
0.1

 
0.1

Ending Balance
$
23.9

 
$
25.4