DEBT AND FINANCING OBLIGATIONS (Tables)

12 Months Ended

May 27, 2018

DEBT AND FINANCING OBLIGATIONS

Schedule of debt, including financing obligations

At May 27, 2018 and May 28, 2017, our debt, including financing obligations, was as follows (dollars in millions):

	May 27,		May 28,
	2018		2017
Short-term borrowings:
Revolving credit facility	$	—	$	4.5
Other credit facilities		9.6		17.5
		9.6		22.0
Long-term debt:
Term loan facility, due 2021		632.8		666.6
4.625% senior notes, due 2024		833.0		833.0
4.875% senior notes, due 2026		833.0		833.0
Lamb Weston BSW Installment Notes		28.0		29.5
		2,326.8		2,362.1
Financing obligations:
4.35% lease financing obligation due May 2030		66.8		68.2
Lease financing obligations due on various dates through 2040 (a)		12.2		7.7
		79.0		75.9
Total debt and financing obligations		2,415.4		2,460.0
Debt issuance costs		(30.4)		(35.1)
Short-term borrowings		(9.6)		(22.0)
Current portion of long-term debt and financing obligations		(38.7)		(37.9)
Long-term debt, excluding current portion	$	2,336.7	$	2,365.0

(a) The interest rates on our lease financing obligations are due on various dates through 2040 ranging from 2.39% to 5.00% as of May 27, 2018 and 2.00% to 3.32% as of May 28, 2017.

Schedule of aggregate minimum principal maturities of long term debt

The aggregate minimum principal maturities of our long-term debt, including current portion, for the next five fiscal years and thereafter, are as follows (dollars in millions):

			Financing
	Debt (a)		Obligations		Total
2019	$	44.9	$	3.4	$	48.3
2020		35.3		3.3		38.6
2021		35.5		3.0		38.5
2022		533.4		3.1		536.5
2023		1.8		3.2		5.0
Thereafter		1,685.5		63.0		1,748.5
	$	2,336.4	$	79.0	$	2,415.4

(a) Debt includes $9.6 million of expected payments on our other credit facilities in 2019.