PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Aug. 27, 2023

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

5.    PROPERTY, PLANT AND EQUIPMENT

The components of property, plant and equipment were as follows:

	August 27,		May 28,
(in millions)	2023		2023
Land and land improvements	$	164.0	$	163.2
Buildings, machinery and equipment		3,621.8		3,576.6
Furniture, fixtures, office equipment and other		113.5		112.0
Construction in progress		1,045.9		832.0
Property, plant and equipment, at cost		4,945.2		4,683.8
Less accumulated depreciation		(1,936.6)		(1,875.8)
Property, plant and equipment, net	$	3,008.6	$	2,808.0

Depreciation expense was $65.9 million and $47.3 million for the thirteen weeks ended August 27, 2023 and August 28, 2022, respectively. At August 27, 2023 and May 28, 2023, purchases of property, plant and equipment included in accounts payable were $159.3 million and $82.6 million, respectively.

Interest capitalized within construction in progress for the thirteen weeks ended August 27, 2023 and August 28, 2022, was $10.5 million and $2.0 million, respectively.