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Stockholders' Equity
 6 Months Ended
Nov. 25, 2012
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Pursuant to the authorization of our Board of Directors to repurchase up to 187.4 million shares of our common stock in accordance with applicable securities laws, we have repurchased a total of 171.9 million shares of our common stock through November 25, 2012. Fiscal 2013 common stock repurchases are as follows:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
November 25, 2012
 
November 25, 2012
(in millions)
 
Shares
 
Total Cost
 
Shares
 
Total Cost
Common stock repurchased
 
0.002

 
$
0.1

 
1.043

 
$
52.3



In the second quarter of fiscal 2013, we retired a portion of our treasury stock totaling 159.3 million shares and restored them to authorized but unissued shares of common stock. The retired treasury stock had a carrying amount of approximately $3.74 billion. Upon formal retirement and in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 505, Equity, we reduced our common stock and surplus account based on the estimated weighted average cost of the common shares and reduced our treasury stock account based on the repurchase price. The difference between the repurchase price and the estimated average cost was recorded as a reduction to retained earnings. We expect that all shares of common stock acquired in the future will be restored to authorized but unissued shares of common stock.
The components of accumulated other comprehensive income (loss), net of tax, for the quarters ended November 25, 2012 and November 27, 2011 are as follows:
(in millions)
Foreign Currency Translation Adjustment
 
Unrealized Gains (Losses) on Marketable Securities
 
Unrealized Gains (Losses) on Derivatives
 
Benefit Plan Funding Position
 
Accumulated Other Comprehensive Income (Loss)
Balances at August 26, 2012
$
(0.8
)
 
$
0.3

 
$
(53.3
)
 
$
(94.0
)
 
$
(147.8
)
Gain (loss)
(0.1
)
 
—

 
(2.6
)
 
—

 
(2.7
)
Reclassification realized in net earnings
—

 
—

 
1.0

 
1.8

 
2.8

Balances at November 25, 2012
$
(0.9
)
 
$
0.3

 
$
(54.9
)
 
$
(92.2
)
 
$
(147.7
)
 
 
 
 
 
 
 
 
 
 
Balances at August 28, 2011
$
(0.7
)
 
$
0.5

 
$
(33.9
)
 
$
(54.0
)
 
$
(88.1
)
Gain (loss)
(1.1
)
 
(0.1
)
 
(15.1
)
 
—

 
(16.3
)
Reclassification realized in net earnings
—

 
—

 
0.7

 
1.8

 
2.5

Balances at November 27, 2011
$
(1.8
)
 
$
0.4

 
$
(48.3
)
 
$
(52.2
)
 
$
(101.9
)


The components of accumulated other comprehensive income (loss), net of tax, for the six months ended November 25, 2012 and November 27, 2011are as follows:
(in millions)
Foreign Currency Translation Adjustment
 
Unrealized Gains (Losses) on Marketable Securities
 
Unrealized Gains (Losses) on Derivatives
 
Benefit Plan Funding Position
 
Accumulated Other Comprehensive Income (Loss)
Balances at May 27, 2012
$
(1.6
)
 
$
0.4

 
$
(49.7
)
 
$
(95.7
)
 
$
(146.6
)
Gain (loss)
0.7

 
(0.1
)
 
(6.9
)
 
—

 
(6.3
)
Reclassification realized in net earnings
—

 
—

 
1.7

 
3.5

 
5.2

Balances at November 25, 2012
$
(0.9
)
 
$
0.3

 
$
(54.9
)
 
$
(92.2
)
 
$
(147.7
)
 
 
 
 
 
 
 
 
 
 
Balances at May 29, 2011
$
(0.4
)
 
$
0.5

 
$
(4.1
)
 
$
(55.8
)
 
$
(59.8
)
Gain (loss)
(1.4
)
 
(0.1
)
 
(44.7
)
 
—

 
(46.2
)
Reclassification realized in net earnings
—

 
—

 
0.5

 
3.6

 
4.1

Balances at November 27, 2011
$
(1.8
)
 
$
0.4

 
$
(48.3
)
 
$
(52.2
)
 
$
(101.9
)