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RESTRUCTURING ACTIVITIES (Tables)
12 Months Ended
May 26, 2024
RESTRUCTURING ACTIVITIES  
Schedule of restructuring plan expenses

Grocery &

Refrigerated

    

Snacks

    

& Frozen

    

International

    

Foodservice

    

Corporate

    

Total

Accelerated depreciation

$

49.3

$

58.8

$

$

$

$

108.1

Other cost of goods sold

14.2

5.5

2.4

22.1

Total cost of goods sold

63.5

64.3

2.4

130.2

Severance and related costs

13.5

3.9

6.1

0.3

9.4

33.2

Asset impairment (net of gains on disposal)

48.6

18.6

14.7

81.9

Contract/lease termination

(1.0)

0.9

0.1

Consulting/professional fees

0.6

0.6

5.5

6.7

Other selling, general and administrative expenses

20.2

10.1

1.9

1.8

34.0

Total selling, general and administrative expenses

81.9

34.1

22.7

0.3

16.8

155.8

Total

$

145.4

$

98.4

$

25.1

$

0.3

$

16.8

$

286.0

Pension and postretirement non-service income

0.6

Consolidated total

$

286.6

Grocery &

Refrigerated

    

Snacks

    

& Frozen

    

International

    

Corporate

    

Total

Accelerated depreciation

$

7.7

$

7.4

$

$

$

15.1

Other cost of goods sold

0.5

1.4

2.1

4.0

Total cost of goods sold

8.2

8.8

2.1

19.1

Severance and related costs

0.4

2.4

4.5

3.1

10.4

Asset impairment (net of gains on disposal)

0.6

17.7

14.1

32.4

Contract/lease termination

0.8

0.8

Consulting/professional fees

0.2

0.2

(0.1)

0.3

Other selling, general and administrative expenses

0.9

2.2

0.1

0.4

3.6

Total selling, general and administrative expenses

2.1

23.3

18.7

3.4

47.5

Total

$

10.3

$

32.1

$

20.8

$

3.4

$

66.6

Grocery &

Refrigerated

    

Snacks

    

& Frozen

    

International

    

Foodservice

    

Corporate

    

Total

Accelerated depreciation

$

40.9

$

47.7

$

$

$

$

88.6

Other cost of goods sold

9.2

4.2

2.1

15.5

Total cost of goods sold

50.1

51.9

2.1

104.1

Severance and related costs

11.8

3.6

5.8

0.3

9.4

30.9

Asset impairment (net of gains on disposal)

22.5

18.6

14.2

55.3

Contract/lease termination

0.5

0.9

0.1

1.5

Consulting/professional fees

0.5

0.6

5.1

6.2

Other selling, general and administrative expenses

13.8

6.1

0.1

0.9

20.9

Total selling, general and administrative expenses

49.1

29.8

20.1

0.3

15.5

114.8

Total

$

99.2

$

81.7

$

22.2

$

0.3

$

15.5

$

218.9

Pension and postretirement non-service income

0.6

Consolidated total

$

219.5

Costs

Balance at

Incurred

Costs Paid

Balance at

May 28,

and Charged

or Otherwise

Changes in

May 26,

2023

to Expense

Settled

Estimates

2024

Severance and related costs

$

1.7

$

10.3

$

(2.3)

$

0.1

$

9.8

Contract/lease termination

0.8

(0.8)

Consulting/professional fees

0.2

0.3

(0.5)

Other costs

4.1

(3.5)

0.6

Total

$

1.9

$

15.5

$

(7.1)

$

0.1

$

10.4