DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

May 26, 2024

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of net derivative gains (losses) from economic hedges

	2024		2023		2022
Net derivative gains (losses) incurred	$	2.9	$	(17.6)	$	37.1
Less: Net derivative gains (losses) allocated to reporting segments		(13.2)		19.5		32.7
Net derivative gains (losses) recognized in general corporate expenses	$	16.1	$	(37.1)	$	4.4
Net derivative gains (losses) allocated to Grocery & Snacks	$	(6.1)	$	6.0	$	17.3
Net derivative gains (losses) allocated to Refrigerated & Frozen		(1.2)		9.6		17.4
Net derivative gains (losses) allocated to International		(5.6)		2.5		(3.6)
Net derivative gains (losses) allocated to Foodservice		(0.3)		1.4		1.6
Net derivative gains (losses) included in segment operating profit	$	(13.2)	$	19.5	$	32.7

Schedule of Derivative Assets and Liabilities Representing a Right to Reclaim, or Obligation to Return, Cash Collateral

	May 26, 2024		May 28, 2023
Prepaid expenses and other current assets	$	3.0	$	10.0
Other accrued liabilities		3.6		3.6

Schedule of Derivative Instruments In Statement of Financial Position Gross Fair Value

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity contracts	Prepaid expenses and other current assets	$	3.8	Other accrued liabilities	$	2.6
Foreign exchange contracts	Prepaid expenses and other current assets		0.7	Other accrued liabilities		1.3
Total derivatives not designated as hedging instruments		$	4.5		$	3.9

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity contracts	Prepaid expenses and other current assets	$	1.1	Other accrued liabilities	$	14.4
Foreign exchange contracts	Prepaid expenses and other current assets		0.6	Other accrued liabilities		2.2
Total derivatives not designated as hedging instruments		$	1.7		$	16.6

Schedule of Derivatives Not Designated as Hedging Instruments

	For the Fiscal Year Ended May 26, 2024
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives	Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Cost of goods sold	$	6.9
Foreign exchange contracts	Cost of goods sold		(4.0)
Total gains from derivative instruments not designated as hedging instruments		$	2.9

	For the Fiscal Year Ended May 28, 2023
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives	Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Cost of goods sold	$	(19.7)
Foreign exchange contracts	Cost of goods sold		2.1
Total losses from derivative instruments not designated as hedging instruments		$	(17.6)

	For the Fiscal Year Ended May 29, 2022
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives	Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Cost of goods sold	$	33.4
Foreign exchange contracts	Cost of goods sold		3.7
Total gains from derivative instruments not designated as hedging instruments		$	37.1