Dispositions (Tables)

9 Months Ended

Feb. 22, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Earnings from discontinued operations, net of taxes in our accompanying consolidated statements of earnings are comprised of the following:

	Three Months Ended					Nine Months Ended
(in millions)	February 22, 2015			February 23, 2014		February 22, 2015			February 23, 2014
Sales	$	—		$	614.5	$	400.4		$	1,805.9
Total cost of sales	(0.6		)	495.0		324.0			1,457.8
Selling, general and administrative (1)	(7.9		)	54.8		(772.1		)	164.8
Depreciation and amortization	—			32.2		0.2			95.9
Earnings before income taxes	8.5			32.5		848.3			87.4
Income tax expense	3.1			9.4		322.4			22.6
Earnings from discontinued operations, net of tax	$	5.4		$	23.1	$	525.9		$	64.8

(1) Amounts for the quarter and nine months ended February 22, 2015 include the gain recognized on the sale of Red Lobster.

The following table presents the carrying amounts of the major classes of assets and liabilities classified as held for sale on our accompanying consolidated balance sheets:

(in millions)	February 22, 2015		May 25,  2014
Current assets	$	—	$	241.0
Land, buildings and equipment, net	45.4		1,084.8
Other assets	—		64.5
Total assets	$	45.4	$	1,390.3
Current liabilities	$	—	$	130.6
Other liabilities	—		84.9
Total liabilities	$	—	$	215.5