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Quarterly Data
 12 Months Ended
May 29, 2016
Quarterly Financial Data [Abstract]  
Quarterly Data
QUARTERLY DATA (UNAUDITED)
The following table summarizes unaudited quarterly data for fiscal 2016 and fiscal 2015:  
 
Fiscal 2016 - Quarters Ended
(in millions, except per share data)
Aug. 30
 
Nov. 29
 
Feb. 28
 
May 29
 
Total
Sales
$
1,687.0

 
$
1,608.8

 
$
1,847.5

 
$
1,790.2

 
$
6,933.5

Earnings before income taxes
111.8

 
24.4

 
138.1

 
175.4

 
449.7

Earnings from continuing operations
81.0

 
30.1

 
108.2

 
140.4

 
359.7

Earnings (loss) from discontinued operations, net of tax
5.4

 
13.1

 
(2.4
)
 
(0.8
)
 
15.3

Net earnings
86.4

 
43.2

 
105.8

 
139.6

 
375.0

Basic net earnings per share:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations
0.64

 
0.23

 
0.85

 
1.11

 
2.82

Earnings (loss) from discontinued operations
0.04

 
0.11

 
(0.02
)
 
(0.01
)
 
0.12

Net earnings
0.68

 
0.34

 
0.83

 
1.10

 
2.94

Diluted net earnings per share:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations
0.63

 
0.23

 
0.84

 
1.10

 
2.78

Earnings (loss) from discontinued operations
0.04

 
0.10

 
(0.02
)
 
(0.01
)
 
0.12

Net earnings
0.67

 
0.33

 
0.82

 
1.09

 
2.90

Dividends paid per share
0.55

 
0.55

 
0.50

 
0.50

 
2.10

Stock price:
 
 
 
 
 
 
 
 
 
High
75.60

 
72.11

 
64.90

 
68.62

 
75.60

Low
63.68

 
53.38

 
55.01

 
61.90

 
53.38

 
 
 
 
 
 
 
 
 
 
 
Fiscal 2015 - Quarters Ended
(in millions, except per share data)
Aug. 24
 
Nov. 23
 
Feb. 22
 
May 31 (1)
 
Total (2)
Sales
$
1,595.8

 
$
1,559.0

 
$
1,730.9

 
$
1,878.3

 
$
6,764.0

Earnings (loss) before income taxes
(43.7
)
 
(54.6
)
 
147.1

 
126.5

 
175.3

Earnings (loss) from continuing operations
(19.3
)
 
(30.8
)
 
128.4

 
118.1

 
196.4

Earnings (loss) from discontinued operations, net of tax
522.5

 
(2.0
)
 
5.4

 
(12.8
)
 
513.1

Net earnings (loss)
503.2

 
(32.8
)
 
133.8

 
105.3

 
709.5

Basic net earnings per share:
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
(0.14
)
 
(0.24
)
 
1.03

 
0.94

 
1.54

Earnings (loss) from discontinued operations
3.95

 
(0.02
)
 
0.04

 
(0.11
)
 
4.02

Net earnings (loss)
3.81

 
(0.26
)
 
1.07

 
0.83

 
5.56

Diluted net earnings per share:
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
(0.14
)
 
(0.24
)
 
1.01

 
0.92

 
1.51

Earnings (loss) from discontinued operations
3.95

 
(0.02
)
 
0.04

 
(0.10
)
 
3.96

Net earnings (loss)
3.81

 
(0.26
)
 
1.05

 
0.82

 
5.47

Dividends paid per share
0.55

 
0.55

 
0.55

 
0.55

 
2.20

Stock price:
 
 
 
 
 
 
 
 
 
High
51.21

 
56.85

 
62.65

 
70.38

 
70.38

Low
43.56

 
46.70

 
54.96

 
61.31

 
43.56

 
 
 
 
 
 
 
 
 
 
(1)
The quarter ended May 31, 2015 consisted of 14 weeks, while all other quarters consisted of 13 weeks.
(2)
The year ended May 31, 2015 consisted of 53 weeks, while the year ended May 29, 2016 consisted of 52 weeks.