PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Nov. 24, 2019

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

5.    PROPERTY, PLANT AND EQUIPMENT

The components of property, plant and equipment were as follows (dollars in millions):

	November 24,		May 26,
	2019		2019
Land and land improvements (a)	$	107.0	$	142.2
Buildings, machinery, and equipment		2,606.8		2,542.3
Furniture, fixtures, office equipment, and other		106.8		105.2
Construction in progress		71.7		84.8
Property, plant and equipment, at cost		2,892.3		2,874.5
Less accumulated depreciation		(1,340.0)		(1,276.7)
Property, plant and equipment, net	$	1,552.3	$	1,597.8

(a) Effective May 27, 2019, we adopted ASC 842 and we eliminated $38.7 million of land, related to a sale leaseback, as part of the cumulative-effect adjustment. See Note 1, Nature of Operations and Summary of Significant Accounting Policies, for more information.

Depreciation expense was $43.9 million and $36.9 million for the thirteen weeks ended November 24, 2019 and November 25, 2018, respectively; and $86.5 million and $73.7 million for the twenty-six weeks ended November 24, 2019 and November 25, 2018, respectively. At November 24, 2019 and May 26, 2019, purchases of property, plant and equipment included in accounts payable were $14.7 million and $27.1 million, respectively.

Interest capitalized within construction in progress for the thirteen weeks ended November 24, 2019 and November 25, 2018, were $0.7 million and $2.1 million, respectively; and $1.2 million and $3.5 million for the twenty-six weeks ended November 24, 2019 and November 25, 2018, respectively.