Long-Term Debt (Tables)

12 Months Ended

May 25, 2014

Long-term Debt, Unclassified [Abstract]

Components Of Long-Term Debt

The components of long-term debt are as follows:

(in millions)	May 25, 2014			May 26, 2013
7.125% debentures due February 2016	100.0			100.0
Variable-rate term loan (1.65% at May 25, 2014) due August 2017	300.0			300.0
6.200% senior notes due October 2017	500.0			500.0
3.790% senior notes due August 2019	80.0			80.0
4.500% senior notes due October 2021	400.0			400.0
3.350% senior notes due November 2022	450.0			450.0
4.520% senior notes due August 2024	220.0			220.0
6.000% senior notes due August 2035	150.0			150.0
6.800% senior notes due October 2037	300.0			300.0
Total long-term debt	$	2,500.0		$	2,500.0
Fair value hedge	1.6			1.9
Less issuance discount	(5.2		)	(5.7		)
Total long-term debt less issuance discount	$	2,496.4		$	2,496.2
Less current portion	(15.0		)	—
Long-term debt, excluding current portion	$	2,481.4		$	2,496.2

Aggregate Maturities Of Long-Term Debt

The aggregate contractual maturities of long-term debt for each of the five fiscal years subsequent to May 25, 2014, and thereafter are as follows:

(in millions)
Fiscal Year	Amount
2015	$	15.0
2016	115.0
2017	15.0
2018	755.0
2019	—
Thereafter	1,600.0
Long-term debt	$	2,500.0