DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Nov. 23, 2025

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of net derivative gains (losses) from economic hedges

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 23, 2025		November 24, 2024		November 23, 2025		November 24, 2024
Gross derivative gains (losses) incurred	$	(1.9)	$	7.7	$	(2.5)	$	4.0
Less: Net derivative gains (losses) allocated to reporting segments		(0.5)		(3.2)		1.1		(5.6)
Net derivative gains (losses) recognized in general corporate expenses	$	(1.4)	$	10.9	$	(3.6)	$	9.6
Net derivative gains (losses) allocated to Grocery & Snacks	$	1.5	$	(2.6)	$	2.9	$	(4.1)
Net derivative gains (losses) allocated to Refrigerated & Frozen		(0.4)		(1.5)		0.4		(2.3)
Net derivative gains (losses) allocated to International		(1.7)		1.3		(2.4)		1.3
Net derivative gains (losses) allocated to Foodservice		0.1		(0.4)		0.2		(0.5)
Net derivative gains (losses) included in segment operating profit	$	(0.5)	$	(3.2)	$	1.1	$	(5.6)

Schedule of Derivatives Not Designated as Hedging Instruments

	Location in Condensed Consolidated Statements of Operations of Gains (Losses)	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Operations for the Thirteen Weeks Ended
Derivatives Not Designated as Hedging Instruments	Recognized on Derivatives	November 23, 2025		November 24, 2024
Commodity contracts	Cost of goods sold	$	(2.8)	$	2.5
Foreign exchange contracts	Cost of goods sold		0.9		5.2
Total gains (losses) from derivative instruments not designated as hedging instruments		$	(1.9)	$	7.7

	Location in Condensed Consolidated Statements of Operations of Gains (Losses)	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Operations for the Twenty-Six Weeks Ended
Derivatives Not Designated as Hedging Instruments	Recognized on Derivatives	November 23, 2025		November 24, 2024
Commodity contracts	Cost of goods sold	$	(2.2)	$	(4.4)
Foreign exchange contracts	Cost of goods sold		(0.3)		8.4
Total gains (losses) from derivative instruments not designated as hedging instruments		$	(2.5)	$	4.0