DEBT AND FINANCING OBLIGATIONS (Tables)

9 Months Ended

Feb. 27, 2022

DEBT AND FINANCING OBLIGATIONS

Schedule of debt, including financing obligations

	February 27,		May 30,
(in millions)	2022		2021
Long-term debt:
Term A-1 loan facility, due June 2024	$	262.5	$	273.8
Term A-2 loan facility, due April 2025		300.6		312.8
RMB loan facility, due February 2027		13.8		—
4.625% senior notes, due November 2024		—		833.0
4.875% senior notes, due November 2026		—		833.0
4.875% senior notes, due May 2028		500.0		500.0
4.125% senior notes, due January 2030		970.0		—
4.375% senior notes, due January 2032		700.0		—
		2,746.9		2,752.6
Financing obligations:
Lease financing obligations due on various dates through 2040 (a)		7.2		7.3
		7.2		7.3
Total debt and financing obligations		2,754.1		2,759.9
Debt issuance costs (b)		(24.9)		(22.5)
Current portion of long-term debt and financing obligations		(32.2)		(32.0)
Long-term debt and financing obligations, excluding current portion	$	2,697.0	$	2,705.4

(a) The interest rates on our lease financing obligations ranged from 2.08% to 4.10% as of February 27, 2022, and 2.49% to 4.10% as of May 30, 2021.

(b) Excludes debt issuance costs of $3.4 million and $2.1 million as of February 27, 2022 and May 30, 2021, respectively, related to our Amended Revolving Credit Facility, which are recorded in “Other assets” on our Consolidated Balance Sheets.