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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