DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Feb. 23, 2025

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of net derivative gains (losses) from economic hedges

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	February 23, 2025		February 25, 2024		February 23, 2025		February 25, 2024
Gross derivative gains (losses) incurred	$	8.0	$	(8.3)	$	12.0	$	1.2
Less: Net derivative gains (losses) allocated to reporting segments		0.3		(1.5)		(5.3)		(8.4)
Net derivative gains (losses) recognized in general corporate expenses	$	7.7	$	(6.8)	$	17.3	$	9.6
Net derivative losses allocated to Grocery & Snacks	$	(1.3)	$	(0.6)	$	(5.4)	$	(3.8)
Net derivative losses allocated to Refrigerated & Frozen		(1.1)		(0.2)		(3.4)		(0.4)
Net derivative gains (losses) allocated to International		2.9		(0.7)		4.2		(4.3)
Net derivative gains (losses) allocated to Foodservice		(0.2)		—		(0.7)		0.1
Net derivative gains (losses) included in segment operating profit	$	0.3	$	(1.5)	$	(5.3)	$	(8.4)

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	February 23, 2025		February 25, 2024
Commodity contracts	Cost of goods sold	$	6.4	$	(6.6)
Foreign exchange contracts	Cost of goods sold		1.6		(1.7)
Total gains (losses) from derivative instruments not designated as hedging instruments		$	8.0	$	(8.3)

	Location in Condensed Consolidated Statements of Earnings of Gains (Losses)	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Thirty-Nine Weeks Ended
Derivatives Not Designated as Hedging Instruments	Recognized on Derivatives	February 23, 2025		February 25, 2024
Commodity contracts	Cost of goods sold	$	2.0	$	5.0
Foreign exchange contracts	Cost of goods sold		10.0		(3.8)
Total gains from derivative instruments not designated as hedging instruments		$	12.0	$	1.2