SCHEDULE II Valuation and Qualifying Accounts

12 Months Ended

May 29, 2022

SCHEDULE II Valuation and Qualifying Accounts

SCHEDULE II Valuation and Qualifying Accounts

Schedule II – Lamb Weston – Valuation and Qualifying Accounts

			Additions
			Charged
	Balance		to Costs,		Deductions		Balance
	Beginning of		Expenses		from		End of
(in millions)	Year		and Equity		Reserves		Year
Year ended May 29, 2022
Deferred tax asset valuation allowance	$	53.1	$	—	$	3.0	$	50.1
Year ended May 30, 2021
Deferred tax asset valuation allowance	$	54.5	$	—	$	1.4	$	53.1
Year ended May 31, 2020
Deferred tax asset valuation allowance	$	64.6	$	—	$	10.1	$	54.5