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

12 Months Ended

May 29, 2022

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of components of inventories

	May 29,		May 30,
(in millions)	2022		2021
Raw materials and packaging	$	96.1	$	89.8
Finished goods		426.5		377.8
Supplies and other		51.8		45.9
Inventories	$	574.4	$	513.5

Schedule of property, plant and equipment

	May 29,		May 30,
(in millions)	2022		2021
Land and land improvements	$	114.1	$	108.2
Buildings, machinery, and equipment		2,919.0		2,763.3
Furniture, fixtures, office equipment, and other		92.1		97.1
Construction in progress		156.1		122.5
Property, plant and equipment, at cost		3,281.3		3,091.1
Less accumulated depreciation		(1,702.1)		(1,567.1)
Property, plant and equipment, net	$	1,579.2	$	1,524.0

Land improvements	2-30 years
Buildings	10-40 years
Machinery and equipment	5-20 years
Furniture, fixtures, office equipment, and other	3-15 years