NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

May 31, 2020

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of components of inventories

	May 31,		May 26,
	2020		2019
Raw materials and packaging	$	106.2	$	93.1
Finished goods		339.2		371.4
Supplies and other		41.3		33.8
Inventories	$	486.7	$	498.3

Schedule of components of property, plant and equipment

	May 31,		May 26,
	2020		2019
Land and land improvements	$	107.2	$	142.2
Buildings, machinery, and equipment		2,670.1		2,542.3
Furniture, fixtures, office equipment, and other		107.1		105.2
Construction in progress		58.3		84.8
Property, plant and equipment, at cost		2,942.7		2,874.5
Less accumulated depreciation		(1,407.7)		(1,276.7)
Property, plant and equipment, net	$	1,535.0	$	1,597.8

Schedule of estimated useful lives

Land improvements	1-40 years
Buildings	10-40 years
Machinery and equipment	5-20 years
Furniture, fixtures, office equipment, and other	3-15 years