DEBT AND FINANCING OBLIGATIONS (Tables)

9 Months Ended

Feb. 23, 2020

DEBT AND FINANCING OBLIGATIONS

Schedule of debt, including financing obligations

	February 23,		May 26,
	2020		2019
Short-term borrowings:
Revolving credit facility	$	—	$	7.2
Other credit facilities		21.0		1.2
		21.0		8.4
Long-term debt:
Term loan facility, due 2021		281.3		599.1
Term loan facility, due 2024		292.5		—
4.625% senior notes, due 2024		833.0		833.0
4.875% senior notes, due 2026		833.0		833.0
		2,239.8		2,265.1
Financing obligations:
4.35% lease financing obligation due May 2030 (a)		—		65.3
Lease financing obligations due on various dates through 2040 (b)		14.0		13.6
		14.0		78.9
Total debt and financing obligations		2,274.8		2,352.4
Debt issuance costs		(21.9)		(25.8)
Short-term borrowings		(21.0)		(8.4)
Current portion of long-term debt and financing obligations		(36.6)		(38.0)
Long-term debt and financing obligations, excluding current portion	$	2,195.3	$	2,280.2

(a) On May 27, 2019, we adopted ASC 842 and we eliminated this financing obligation, related to a sale leaseback, as part of the cumulative-effect transition adjustment. See Note 1, Nature of Operations and Summary of Significant Accounting Policies, for more information.

(b) The interest rates on our lease financing obligations range from 2.51% to 3.68% as of February 23, 2020, and 2.72% to 4.33% as of May 26, 2019.