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Note 6 - Derivative Financial Instruments (Tables)
3 Months Ended
Aug. 28, 2022
Notes Tables  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
   

August 28, 2022

   

May 29, 2022

 

Prepaid expenses and other current assets

  $ 12.2     $ 7.0  

Other accrued liabilities

    1.0       2.2  
Schedule of Derivative Instruments In Statement of Financial Position Gross Fair Value [Table Text Block]
 

Derivative Assets

   

Derivative Liabilities

 
 

Balance Sheet Location

   

Fair Value

   

Balance Sheet Location

   

Fair Value

 

Commodity contracts

Prepaid expenses and other current assets

    $ 12.2    

Other accrued liabilities

    $ 0.8  

Foreign exchange contracts

Prepaid expenses and other current assets

      2.0    

Other accrued liabilities

      1.0  

Total derivatives not designated as hedging instruments

    $ 14.2           $ 1.8  
 

Derivative Assets

   

Derivative Liabilities

 
 

Balance Sheet Location

   

Fair Value

   

Balance Sheet Location

   

Fair Value

 

Commodity contracts

Prepaid expenses and other current assets

    $ 26.8    

Other accrued liabilities

    $ 16.1  

Foreign exchange contracts

Prepaid expenses and other current assets

      0.3    

Other accrued liabilities

      2.2  

Total derivatives not designated as hedging instruments

    $ 27.1           $ 18.3  
Derivative Instruments, Gain (Loss) [Table Text Block]
   

Location in Condensed Consolidated

 

Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Operations for the Thirteen Weeks Ended

 

Derivatives Not Designated as Hedging Instruments

 

Statements of Operations of Gains (Losses) Recognized on Derivatives

 

August 28, 2022

   

August 29, 2021

 

Commodity contracts

 

Cost of goods sold

  $ 6.3     $ 4.2  

Foreign exchange contracts

 

Cost of goods sold

    3.2       6.0  

Total gains from derivative instruments not designated as hedging instruments

  $ 9.5     $ 10.2