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Long-Term Debt
3 Months Ended
Aug. 24, 2014
Debt Disclosure [Abstract]  
Long-term Debt
Long-Term Debt
In the first quarter of fiscal 2015, we completed the retirement of approximately $900.0 million of the previously announced $1.00 billion aggregate principal retirement of long-term debt. The $900.0 million retirement was comprised of $278.1 million aggregate principal of our 4.500 percent senior notes due 2021, $331.9 million aggregate principal of our 3.350 percent senior notes due 2022, $80.0 million aggregate principal amount of our 3.790 percent senior notes due 2019 and $210.0 million aggregate principal amount of our 4.520 percent senior notes due 2024. The retirement of the remaining $100.0 million aggregate principal amount of our outstanding 7.125 percent debentures due 2016 called for redemption was completed early in the second quarter of fiscal 2015 and was reflected on our consolidated balance sheet as of August 24, 2014 as current portion of long-term debt.
During the first quarter of fiscal 2015, we recorded approximately $80.0 million of expenses associated with the $900.0 million aggregate principal retirement including cash costs of approximately $34.9 million for repurchase premiums and make-whole amounts and non-cash charges of approximately $45.1 million associated with hedge and loan cost write-offs. These amounts were recorded in interest, net in our consolidated statement of earnings for the quarter ended August 24, 2014. Subsequent to our first quarter of fiscal 2015, we incurred an additional $10.5 million of expenses associated with the retirement of the $100.0 million 7.125 percent debentures.