DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Aug. 25, 2024

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of net derivative gains (losses) from economic hedges

	Thirteen Weeks Ended
	August 25, 2024		August 27, 2023
Gross derivative gains (losses) incurred	$	(3.7)	$	19.5
Less: Net derivative losses allocated to reporting segments		(2.4)		(8.1)
Net derivative gains (losses) recognized in general corporate expenses	$	(1.3)	$	27.6
Net derivative losses allocated to Grocery & Snacks	$	(1.5)	$	(3.9)
Net derivative losses allocated to Refrigerated & Frozen		(0.8)		(2.3)
Net derivative losses allocated to International		—		(1.6)
Net derivative losses allocated to Foodservice		(0.1)		(0.3)
Net derivative losses included in segment operating profit	$	(2.4)	$	(8.1)

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

		Gains (Losses) Recognized on
		Derivatives in Condensed Consolidated
	Location in Condensed Consolidated	Statements of Earnings for the
	Statements of Earnings of Gains (Losses)	Thirteen Weeks Ended
Derivatives Not Designated as Hedging Instruments	Recognized on Derivatives	August 25, 2024		August 27, 2023
Commodity contracts	Cost of goods sold	$	(6.9)	$	22.5
Foreign exchange contracts	Cost of goods sold		3.2		(3.0)
Total gains (losses) from derivative instruments not designated as hedging instruments		$	(3.7)	$	19.5