Workforce Reduction Costs (Notes)

6 Months Ended

Nov. 24, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

Workforce Reduction Costs

During the quarter ended November 24, 2013, we performed a comprehensive review of operations resulting in decisions to reduce operating support costs through a combination of workforce reductions and program spending cuts. In accordance with these actions, we incurred employee termination benefits and other costs which are included in selling, general and administrative expenses in our consolidated statements of earnings as follows:

	Three months ended
(in millions)	November 24, 2013
Employee termination benefits (1)	$	10.9
Other (2)	0.8
Total	$	11.7

(1) Includes salary and stock-based compensation expense.

(2) Includes postemployment medical, outplacement and relocation costs.

The following table summarizes the accrued employee termination benefits and other costs which are primarily included in other current liabilities in our consolidated balance sheet as of November 24, 2013:

(in millions)	September 2013 Plan		Payments			Balance at November 24, 2013
Employee termination benefits (1)	$	7.7	$	(1.7	)	$	6.0
Other	0.8		(0.1		)	0.7
Total	$	8.5	$	(1.8	)	$	6.7

(1) Excludes costs associated with stock options and restricted stock that will be settled in shares upon vesting.

We expect the majority of the remaining liability to be paid by the first quarter of fiscal 2015 and the remainder to be paid by the first quarter of fiscal 2016.