ACCRUED LIABILITIES

3 Months Ended

Aug. 25, 2019

ACCRUED LIABILITIES

ACCRUED LIABILITIES

10.   ACCRUED LIABILITIES

The components of accrued liabilities were as follows (dollars in millions):

	August 25,		May 26,
	2019		2019
Accrued trade promotions	$	50.0	$	48.6
Compensation and benefits		47.0		92.4
Dividends payable		29.2		29.2
Accrued interest		28.2		7.6
Current portion of operating lease liabilities (a)		24.3		—
Franchise, property, and sales and use taxes		11.0		8.6
Income taxes payable		8.1		0.5
Other		20.9		30.3
Accrued liabilities	$	218.7	$	217.2

(a) On May 27, 2019, we adopted ASC 842, using the modified retrospective transition method. As a result, we did not recast prior period financial statements. See Note 1, Nature of Operations and Summary of Significant Accounting Policies, for more information.