DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Nov. 24, 2024

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of net derivative gains (losses) from economic hedges

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 24, 2024		November 26, 2023		November 24, 2024		November 26, 2023
Gross derivative gains (losses) incurred	$	7.7	$	(10.0)	$	4.0	$	9.5
Less: Net derivative gains (losses) allocated to reporting segments		(3.2)		1.2		(5.6)		(6.9)
Net derivative gains (losses) recognized in general corporate expenses	$	10.9	$	(11.2)	$	9.6	$	16.4
Net derivative gains (losses) allocated to Grocery & Snacks	$	(2.6)	$	0.7	$	(4.1)	$	(3.2)
Net derivative gains (losses) allocated to Refrigerated & Frozen		(1.5)		2.1		(2.3)		(0.2)
Net derivative gains (losses) allocated to International		1.3		(2.0)		1.3		(3.6)
Net derivative gains (losses) allocated to Foodservice		(0.4)		0.4		(0.5)		0.1
Net derivative gains (losses) included in segment operating profit	$	(3.2)	$	1.2	$	(5.6)	$	(6.9)

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

	Location in Condensed Consolidated Statements of Earnings of Gains (Losses)	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Thirteen Weeks Ended
Derivatives Not Designated as Hedging Instruments	Recognized on Derivatives	November 24, 2024		November 26, 2023
Commodity contracts	Cost of goods sold	$	2.5	$	(10.9)
Foreign exchange contracts	Cost of goods sold		5.2		0.9
Total gains (losses) from derivative instruments not designated as hedging instruments		$	7.7	$	(10.0)

	Location in Condensed Consolidated Statements of Earnings of Gains (Losses)	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Twenty-Six Weeks Ended
Derivatives Not Designated as Hedging Instruments	Recognized on Derivatives	November 24, 2024		November 26, 2023
Commodity contracts	Cost of goods sold	$	(4.4)	$	11.6
Foreign exchange contracts	Cost of goods sold		8.4		(2.1)
Total gains from derivative instruments not designated as hedging instruments		$	4.0	$	9.5