FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Feb. 23, 2025

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 February 23, 2025:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	2.8	$	3.2	$	—	$	6.0
Deferred compensation assets		6.1		—		—		6.1
Available-for-sale debt securities		—		—		2.5		2.5
Total assets	$	8.9	$	3.2	$	2.5	$	14.6
Liabilities:
Derivative liabilities	$	—	$	—	$	—	$	—
Deferred compensation liabilities		71.2		—		—		71.2
Total liabilities	$	71.2	$	—	$	—	$	71.2

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