COMMITMENTS, CONTINGENCIES, GUARANTEES AND LEGAL PROCEEDINGS (Tables)

12 Months Ended

May 29, 2022

COMMITMENTS, CONTINGENCIES, GUARANTEES AND LEGAL PROCEEDINGS

Summary of purchase obligations, excluding capital commitments

(in millions)		Purchase Obligations
2023	$	82.9
2024		72.2
2025		60.9
2026		29.3
2027		26.0
Thereafter		380.5
Total (a)	$	651.8

(a) The amounts in the table above exclude purchase commitments under potato supply agreements due to uncertainty of pricing and quantity. Potato supply agreements have maximum contracted pricing with deductions for certain quality attributes, and quantities purchased are determined by the yields produced on contracted acres. Total purchases under all our potato supply agreements were $717.6 million, $621.4 million, and $646.5 million in fiscal 2022, 2021, and 2020, respectively.