Note 3 - Restructuring Activities (Tables)

3 Months Ended

Aug. 28, 2022

Notes Tables

Restructuring and Related Costs [Table Text Block]

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.6	$	—	$	—	$	—	$	72.8
Other cost of goods sold		8.7		2.5		—		—		—		11.2
Total cost of goods sold		41.9		42.1		—		—		—		84.0
Severance and related costs		11.7		1.2		1.3		0.3		4.7		19.2
Asset impairment (net of gains on disposal)		21.9		0.8		0.1		—		—		22.8
Contract/lease termination		0.5		—		—		—		0.1		0.6
Consulting/professional fees		—		—		—		—		5.6		5.6
Other selling, general and administrative expenses		12.8		2.6		—		—		0.5		15.9
Total selling, general and administrative expenses		46.9		4.6		1.4		0.3		10.9		64.1
Total	$	88.8	$	46.7	$	1.4	$	0.3	$	10.9	$	148.1
Pension and postretirement non-service income												0.6
Consolidated total											$	148.7

	Grocery & Snacks		Refrigerated & Frozen		Corporate		Total
Other cost of goods sold	$	—	$	0.2	$	—	$	0.2
Total cost of goods sold		—		0.2		—		0.2
Severance and related costs		0.1		0.1		—		0.2
Contract/lease termination		0.1		—		—		0.1
Consulting/professional fees		—		—		3.0		3.0
Other selling, general and administrative expenses		0.1		0.4		0.1		0.6
Total selling, general and administrative expenses		0.3		0.5		3.1		3.9
Total	$	0.3	$	0.7	$	3.1	$	4.1

	Grocery & Snacks		Refrigerated & Frozen		International		Foodservice		Corporate		Total
Accelerated depreciation	$	33.2	$	39.6	$	—	$	—	$	—	$	72.8
Other cost of goods sold		8.7		2.5		—		—		—		11.2
Total cost of goods sold		41.9		42.1		—		—		—		84.0
Severance and related costs		11.7		1.3		1.3		0.3		4.4		19.0
Asset impairment (net of gains on disposal)		21.9		0.8		0.1		—		—		22.8
Contract/lease termination		0.5		—		—		—		0.1		0.6
Consulting/professional fees		—		—		—		—		4.7		4.7
Other selling, general and administrative expenses		12.7		1.5		—		—		0.4		14.6
Total selling, general and administrative expenses		46.8		3.6		1.4		0.3		9.6		61.7
Total	$	88.7	$	45.7	$	1.4	$	0.3	$	9.6	$	145.7
Pension and postretirement non-service income												0.6
Consolidated total											$	146.3

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

	Balance at May 29, 2022		Costs Incurred and Charged to Expense		Costs Paid or Otherwise Settled			Changes in Estimates		Balance at August 28, 2022
Severance and related costs	$	3.2	$	0.2	$	(0.7	)	$	—	$	2.7
Contract/lease termination		—		0.1		(0.1	)		—		—
Consulting/professional fees		1.7		3.0		(1.7	)		—		3.0
Other costs		0.2		0.9		(1.1	)		—		—
Total	$	5.1	$	4.2	$	(3.6	)	$	—	$	5.7