FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Nov. 24, 2024

FAIR VALUE MEASUREMENTS

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 24, 2024:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	3.0	$	4.4	$	—	$	7.4
Deferred compensation assets		6.5		—		—		6.5
Available-for-sale debt securities		—		—		2.5		2.5
Total assets	$	9.5	$	4.4	$	2.5	$	16.4
Liabilities:
Derivative liabilities	$	—	$	0.9	$	—	$	0.9
Deferred compensation liabilities		77.7		—		—		77.7
Total liabilities	$	77.7	$	0.9	$	—	$	78.6

The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 26, 2024:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	2.3	$	0.7	$	—	$	3.0
Deferred compensation assets		6.3		—		—		6.3
Available-for-sale debt securities		—		—		2.9		2.9
Total assets	$	8.6	$	0.7	$	2.9	$	12.2
Liabilities:
Derivative liabilities	$	—	$	3.6	$	—	$	3.6
Deferred compensation liabilities		70.4		—		—		70.4
Total liabilities	$	70.4	$	3.6	$	—	$	74.0