LEASES (Tables)

12 Months Ended

May 26, 2024

LEASES

Schedule of Operating and Finance Leases Reported In Balance Sheet

	Operating Leases
	Balance Sheet Location	May 26, 2024		May 28, 2023
ROU assets, net	Other assets	$	176.8	$	197.5
Lease liabilities (current)	Other accrued liabilities		39.4		42.1
Lease liabilities (noncurrent)	Other noncurrent liabilities		172.2		185.6

	Finance Leases
	Balance Sheet Location	May 26, 2024		May 28, 2023
ROU assets, at cost	Property, plant and equipment	$	377.0	$	203.5
Less accumulated depreciation	Less accumulated depreciation		(97.5)		(77.2)
ROU assets, net	Property, plant and equipment, net		279.5		126.3
Lease liabilities (current)	Current installments of long-term debt		20.2		17.4
Lease liabilities (noncurrent)	Senior long-term debt, excluding current installments		253.5		95.2

The components of total lease cost were as follows:

	2024		2023		2022
Operating lease cost	$	53.1	$	55.3	$	52.9
Finance lease cost
Depreciation of leased assets		23.2		16.8		16.4
Interest on lease liabilities		12.0		5.3		6.5
Short-term lease cost		11.2		11.0		7.3
Total lease cost	$	99.5	$	88.4	$	83.1

Schedule Of Weighted Average Remaining Lease Terms and Weighted Average Discount Rate For Leases

	Operating Leases		Finance Leases
	2024	2023	2024	2023
Weighted-average remaining lease term (in years)	6.5	6.7	14.8	6.9
Weighted-average discount rate	3.87%	3.55%	5.25%	4.24%

Schedule of Cash Flows Arising From Lease Transactions

	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	52.1	$	57.7	$	55.7
Operating cash outflows from finance leases		5.8		5.3		6.5
Financing cash outflows from finance leases		22.7		25.0		31.2
ROU assets obtained in exchange for new lease liabilities:
Operating leases		27.5		34.2		68.5
Finance leases		177.3		7.8		23.6

Schedule of Operating and Finance Lease Liabilities Maturities

	Operating Leases		Finance Leases		Total
2025	$	47.1	$	40.6	$	87.7
2026		42.4		35.5		77.9
2027		35.0		42.3		77.3
2028		32.2		24.7		56.9
2029		23.2		25.9		49.1
Later years		63.6		257.8		321.4
Total lease payments		243.5		426.8		670.3
Less: Imputed interest		(31.9)		(153.1)		(185.0)
Total lease liabilities	$	211.6	$	273.7	$	485.3