Note 2 - Restructuring Activities (Tables)

12 Months Ended

May 29, 2022

Notes Tables

Restructuring and Related Costs [Table Text Block]

	Grocery & Snacks		Refrigerated & Frozen			International		Corporate		Total
Accelerated depreciation	$	5.4	$	4.6		$	—	$	—	$	10.0
Other cost of goods sold		3.7		5.7			0.7		—		10.1
Total cost of goods sold		9.1		10.3			0.7		—		20.1
Severance and related costs		1.4		4.3			1.5		112.2		119.4
Asset impairment (net of gains on disposal)		27.8		(1.7	)		—		2.5		28.6
Accelerated depreciation		—		—			—		7.4		7.4
Contract/lease termination		6.5		3.7			0.8		15.1		26.1
Consulting/professional fees		1.0		—			0.8		111.7		113.5
Other selling, general and administrative expenses		5.8		4.8			0.3		20.9		31.8
Total selling, general and administrative expenses		42.5		11.1			3.4		269.8		326.8
Consolidated total	$	51.6	$	21.4		$	4.1	$	269.8	$	346.9

	Grocery & Snacks		Refrigerated & Frozen			Corporate			Total
Other cost of goods sold	$	—	$	1.7		$	—		$	1.7
Total cost of goods sold		—		1.7			—			1.7
Severance and related costs		—		1.0			(0.2	)		0.8
Asset impairment (net of gains on disposal)		—		(5.7	)		(0.1	)		(5.8	)
Contract/lease termination		—		0.2			(0.8	)		(0.6	)
Consulting/professional fees		0.2		—			19.1			19.3
Other selling, general and administrative expenses		0.1		1.6			2.5			4.2
Total selling, general and administrative expenses		0.3		(2.9	)		20.5			17.9
Consolidated total	$	0.3	$	(1.2	)	$	20.5		$	19.6

	Grocery & Snacks		Refrigerated & Frozen			International		Corporate		Total
Accelerated depreciation	$	0.6	$	4.6		$	—	$	—	$	5.2
Other cost of goods sold		2.3		4.6			0.7		—		7.6
Total cost of goods sold		2.9		9.2			0.7		—		12.8
Severance and related costs		—		4.4			1.5		112.2		118.1
Asset impairment (net of gains on disposal)		0.3		(1.7	)		—		2.5		1.1
Accelerated depreciation		—		—			—		7.4		7.4
Contract/lease termination		1.8		0.2			0.8		15.1		17.9
Consulting/professional fees		0.9		—			0.8		108.6		110.3
Other selling, general and administrative expenses		2.9		2.7			0.3		19.8		25.7
Total selling, general and administrative expenses		5.9		5.6			3.4		265.6		280.5
Consolidated total	$	8.8	$	14.8		$	4.1	$	265.6	$	293.3

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.6	$	—	$	—	$	—	$	72.8
Other cost of goods sold		8.7		2.3		—		—		—		11.0
Total cost of goods sold		41.9		41.9		—		—		—		83.8
Severance and related costs		11.6		1.2		1.3		0.3		4.7		19.1
Asset impairment (net of gains on disposal)		21.9		0.8		0.1		—		—		22.8
Contract/lease termination		0.4		—		—		—		0.1		0.5
Consulting/professional fees		—		—		—		—		5.6		5.6
Other selling, general and administrative expenses		12.8		2.6		—		—		0.6		16.0
Total selling, general and administrative expenses		46.7		4.6		1.4		0.3		11.0		64.0
Total	$	88.6	$	46.5	$	1.4	$	0.3	$	11.0	$	147.8
Pension and postretirement non-service income												0.6
Consolidated total											$	148.4

	Grocery & Snacks			Refrigerated & Frozen			International		Foodservice		Corporate		Total
Accelerated depreciation	$	1.2		$	12.9		$	—	$	—	$	—	$	14.1
Other cost of goods sold		3.9			2.1			—		—		—		6.0
Total cost of goods sold		5.1			15.0			—		—		—		20.1
Severance and related costs		1.2			(0.6	)		0.2		0.3		2.3		3.4
Asset impairment (net of gains on disposal)		(5.2	)		0.5			—		—		—		(4.7	)
Contract/lease termination		0.4			—			—		—		—		0.4
Consulting/professional fees		—			—			—		—		1.7		1.7
Other selling, general and administrative expenses		7.6			0.8			—		—		0.1		8.5
Total selling, general and administrative expenses		4.0			0.7			0.2		0.3		4.1		9.3
Total	$	9.1		$	15.7		$	0.2	$	0.3	$	4.1	$	29.4

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.6	$	—	$	—	$	—	$	72.8
Other cost of goods sold		8.7		2.3		—		—		—		11.0
Total cost of goods sold		41.9		41.9		—		—		—		83.8
Severance and related costs		11.6		1.2		1.3		0.3		4.4		18.8
Asset impairment (net of gains on disposal)		21.9		0.8		0.1		—		—		22.8
Contract/lease termination		0.4		—		—		—		0.1		0.5
Consulting/professional fees		—		—		—		—		1.7		1.7
Other selling, general and administrative expenses		12.6		1.1		—		—		0.3		14.0
Total selling, general and administrative expenses		46.5		3.1		1.4		0.3		6.5		57.8
Total	$	88.4	$	45.0	$	1.4	$	0.3	$	6.5	$	141.6
Pension and postretirement non-service income												0.6
Consolidated total											$	142.2

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

			Costs
	Balance at		Incurred		Costs Paid						Balance at
	May 30,		and Charged		or Otherwise			Changes in			May 29,
	2021		to Expense		Settled			Estimates			2022
Severance and related costs	$	5.1	$	0.3	$	(5.6	)	$	0.5		$	0.3
Contract/lease termination		—		—		0.6			(0.6	)		—
Consulting/professional fees		3.9		19.3		(18.6	)		—			4.6
Other costs		—		4.5		(4.5	)		—			—
Total	$	9.0	$	24.1	$	(28.1	)	$	(0.1	)	$	4.9

			Costs
	Balance at		Incurred		Costs Paid						Balance at
	May 30,		and Charged		or Otherwise			Changes in			May 29,
	2021		to Expense		Settled			Estimates			2022
Severance and related costs	$	9.7	$	5.0	$	(9.9	)	$	(1.6	)	$	3.2
Contract/lease termination		—		0.4		(0.4	)		—			—
Consulting/professional fees		—		1.7		—			—			1.7
Other costs		—		10.5		(10.3	)		—			0.2
Total	$	9.7	$	17.6	$	(20.6	)	$	(1.6	)	$	5.1