INVENTORIES

3 Months Ended

Aug. 28, 2022

INVENTORIES

INVENTORIES

4.    INVENTORIES

Inventories are valued at the lower of cost (determined using the first-in, first-out method) or net realizable value and include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead. The components of inventories were as follows:

	August 28,		May 29,
(in millions)	2022		2022
Raw materials and packaging	$	89.3	$	96.1
Finished goods		493.7		426.5
Supplies and other		52.5		51.8
Inventories	$	635.5	$	574.4