Financial Instruments

12 Months Ended

May 27, 2012

Fair Value Disclosures [Abstract]

Financial Instruments

FINANCIAL INSTRUMENTS

Marketable securities are carried at fair value and consist of available-for-sale securities related to insurance funding requirements for our workers compensation and general liability claims. The following table summarizes cost and market value for our securities that qualify as available-for-sale as of May 27, 2012:

(in millions)	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Market Value
Available-for-sale securities	$	37.2	$	0.5	$	—	$	37.7

Earnings include insignificant realized gains and loss from sales of available-for-sale securities. At May 27, 2012, the scheduled maturities of our available-for-sale securities are as follows:

(in millions)	Cost		Market Value
Less than 1 year	$	4.7	$	4.7
1 to 3 years	22.8		23.2
3 to 5 years	9.7		9.8
Total	$	37.2	$	37.7