INVENTORIES

9 Months Ended

Feb. 23, 2020

INVENTORIES

INVENTORIES

4.    INVENTORIES

Inventories are valued at the lower of cost (determined using the first-in, first-out method) or net realizable value and include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead. The components of inventories were as follows (dollars in millions):

	February 23,		May 26,
	2020		2019
Raw materials and packaging	$	149.6	$	93.1
Finished goods		410.2		371.4
Supplies and other		37.5		33.8
Inventories	$	597.3	$	498.3