XML 52 R34.htm IDEA: XBRL DOCUMENT v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
May 25, 2025
Accounting Policies [Abstract]  
Schedule of allowance for doubtful accounts

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance at

​

​

Additions Charged

​

​

​

​

​

​

​

​

​

​

Beginning of

​

​

to Costs and

​

​

​

​

Deductions from

​

Balance at Close

​

​

Period

​

​

Expenses

​

​

Other1

​

Reserves2

​

of Period

Year ended May 25, 2025

​

$

3.0

​

​

1.6

​

​

—

​

1.0

​

$

3.6

Year ended May 26, 2024

​

$

2.7

​

​

0.6

​

​

0.2

​

0.5

​

$

3.0

Year ended May 28, 2023

​

$

2.8

​

​

0.1

​

​

(0.1)

​

0.1

​

$

2.7

1 Primarily relates to translation.

2 Bad debts charged off and adjustments to previous reserves, less recoveries.

Schedule of estimated useful lives

​

​

​

​

​

​

​

Years

Land improvements

​

​

1 - 40

Buildings

​

​

15 - 40

Machinery and equipment

​

​

3 - 20

Furniture, fixtures, office equipment and other

​

​

5 - 15

Schedule of accumulated balances for each component of other comprehensive income (loss)

​

​

​

​

​

​

​

​

​

​

2025

​

2024

Currency translation losses, net of reclassification adjustments

​

$

(65.8)

​

$

(89.2)

Derivative adjustments, net of reclassification adjustments

​

​

22.0

​

​

29.2

Pension and postretirement benefit obligations, net of reclassification adjustments

​

​

60.1

​

​

24.5

Accumulated other comprehensive income (loss)

​

$

16.3

​

$

(35.5)

Schedule of reclassifications from AOCI

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Affected Line Item in the Consolidated Statement

​

​

​

2025

​

2024

​

2023

​

of Earnings1

​

Net derivative adjustments:

​

​

​

​

​

​

​

​

​

​

​

​

Cash flow hedges

​

$

(2.7)

​

$

(3.5)

​

$

(3.3)

​

Interest expense, net

​

Cash flow hedges

​

​

(4.1)

​

​

(4.7)

​

​

(1.6)

​

Equity method investment earnings

​

​

​

​

(6.8)

​

​

(8.2)

​

​

(4.9)

​

Total before tax

​

​

​

​

1.7

​

​

2.0

​

​

1.2

​

Income tax expense

​

​

​

$

(5.1)

​

$

(6.2)

​

$

(3.7)

​

Net of tax

​

Pension and postretirement benefit obligations:

​

​

​

​

​

​

​

​

​

​

​

​

Net prior service benefit

​

$

(0.1)

​

$

(0.1)

​

$

(0.1)

​

Pension and postretirement non-service income

​

Net actuarial gain

​

​

(5.1)

​

​

(4.7)

​

​

(4.4)

​

Pension and postretirement non-service income

​

Pension settlement

​

​

(13.0)

​

​

1.1

​

​

—

​

Pension and postretirement non-service income

​

​

​

​

(18.2)

​

​

(3.7)

​

​

(4.5)

​

Total before tax

​

​

​

​

4.4

​

​

0.9

​

​

1.3

​

Income tax expense

​

​

​

$

(13.8)

​

$

(2.8)

​

$

(3.2)

​

Net of tax

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Currency translation losses

​

$

41.8

​

$

—

​

$

—

​

Selling, general and administrative expenses 2

​

​

​

​

41.8

​

​

—

​

​

—

​

Total before tax

​

​

​

​

—

​

​

—

​

​

—

​

Income tax expense

​

​

​

$

41.8

​

$

—

​

$

—

​

Net of tax

​

​

1 Amounts in parentheses indicate income recognized in the Consolidated Statements of Earnings.

2 Amount represents the reclassification for currency translation losses in connection with the sale of ATFL (see Note 7).