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