Debt (Tables)

12 Months Ended

May. 31, 2015

Debt Disclosure [Abstract]

Components Of Long-Term Debt

The components of long-term debt are as follows:

(in millions)	May 31, 2015			May 25, 2014
7.125% debentures due February 2016	$	—		$	100.0
Variable-rate term loan (1.68% at May 31, 2015) due August 2017	285.0			300.0
6.200% senior notes due October 2017	500.0			500.0
3.790% senior notes due August 2019	—			80.0
4.500% senior notes due October 2021	121.9			400.0
3.350% senior notes due November 2022	111.1			450.0
4.520% senior notes due August 2024	10.0			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	$	1,478.0		$	2,500.0
Fair value hedge	3.6			1.6
Less unamortized discount and issuance costs	(14.3		)	(23.2		)
Total long-term debt less unamortized discount and issuance costs	$	1,467.3		$	2,478.4
Less current portion	(15.0		)	(15.0		)
Long-term debt, excluding current portion	$	1,452.3		$	2,463.4

Aggregate Maturities Of Long-Term Debt

The aggregate contractual maturities of long-term debt for each of the five fiscal years subsequent to May 31, 2015, and thereafter are as follows:

(in millions)
Fiscal Year	Amount
2016	$	15.0
2017	15.0
2018	755.0
2019	—
2020	—
Thereafter	693.0
Long-term debt	$	1,478.0

Schedule of Short-term Debt

The components of short-term debt are as follows:

(in millions)	May 31, 2015		May 25, 2014
Commercial paper	$	—	$	207.6