INVENTORIES

9 Months Ended

Feb. 25, 2024

Inventory Disclosure [Abstract]

INVENTORIES

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:

(in millions)	February 25, 2024		May 28, 2023
Raw materials and packaging	$	265.2	$	145.7
Finished goods	855.3		708.3
Supplies and other	89.5		78.0
Inventories	$	1,210.0	$	932.0