BUSINESS SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Aug. 24, 2025

BUSINESS SEGMENTS AND RELATED INFORMATION

Schedule of segment reporting information

	Thirteen weeks ended August 24, 2025
			Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Total
Net sales		$	1,079.6	$	1,076.2	$	212.3	$	264.5	$	2,632.6
Segment cost of goods sold1			752.9		866.9		151.4		217.9		1,989.1
Segment SG&A expenses2			105.9		94.9		23.2		18.9		242.9
Segment operating profit		$	220.8	$	114.4	$	37.7	$	27.7	$	400.6
General corporate expenses3											92.3
Loss (gain) on divestitures											(42.4)
Other charges, net4											3.3
Operating profit										$	347.4
Pension and postretirement non-service income											6.1
Interest expense, net											93.8
Equity method investment earnings											29.4
Income before income taxes										$	289.1

	Thirteen weeks ended August 25, 2024
			Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Total
Net sales		$	1,182.7	$	1,086.4	$	259.1	$	266.7	$	2,794.9
Segment cost of goods sold1			828.2		834.7		192.8		213.5		2,069.2
Segment SG&A expenses2			101.2		92.6		30.5		18.1		242.4
Segment operating profit		$	253.3	$	159.1	$	35.8	$	35.1	$	483.3
General corporate expenses3											92.2
Loss on divestitures											2.3
Other charges, net4											(12.8)
Operating profit										$	401.6
Pension and postretirement non-service income											3.1
Interest expense, net											105.8
Equity method investment earnings											29.1
Income before income taxes										$	328.0

¹ Segment cost of goods sold does not include items recorded in the Cost of goods sold line on our income statement that are presented in the Other charges, net line of this table.

² Segment SG&A expenses are regularly provided to the CODM as a percent of net sales. Segment SG&A expenses do not include items recorded in the Selling, general and administrative expenses line of our income statement that are presented in the Other charges, net line of this table.

³ General corporate expenses relate to certain costs that are shared across multiple segments but are not directly attributable, which include executive compensation, share-based payment expense, and costs associated with certain corporate functions.

⁴ Other charges include net charges related to our restructuring plans and a gain associated with fire-related insurance proceeds.

The following table presents further disaggregation of our net sales:

	Thirteen Weeks Ended
	August 24, 2025		August 25, 2024
Frozen	$	898.5	$	913.4
Staples
Other shelf-stable		568.5		690.3
Refrigerated		177.7		173.0
Snacks		511.1		492.4
International		212.3		266.7
Foodservice		264.5		259.1
Total net sales	$	2,632.6	$	2,794.9

	Thirteen Weeks Ended
	August 24, 2025		August 25, 2024
Grocery & Snacks	$	36.1	$	38.5
Refrigerated & Frozen		40.7		42.0
International		3.5		4.1
Foodservice		11.2		10.9
Total Reporting Segments		91.5		95.5
Corporate		3.8		3.6
Total Company	$	95.3	$	99.1