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PRE-TAX INCOME AND INCOME TAXES (Tables)
12 Months Ended
May 25, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign

    

2025

    

2024

    

2023

United States

$

1,047.1

$

538.4

$

803.9

Foreign

109.1

71.8

98.0

$

1,156.2

$

610.2

$

901.9

Schedule of Components of Income Tax Expense

    

2025

    

2024

    

2023

Current

Federal

$

171.7

$

281.2

$

304.6

State

28.1

46.1

42.5

Foreign

28.0

28.3

25.7

227.8

355.6

372.8

Deferred

Federal

(207.5)

(66.7)

(135.8)

State

(14.7)

(17.6)

(14.4)

Foreign

(1.9)

(8.8)

(3.9)

(224.1)

(93.1)

(154.1)

$

3.7

$

262.5

$

218.7

Schedule of Effective Income Tax Rate Reconciliation

    

2025

    

2024

    

2023

Computed U.S. Federal income taxes

$

242.8

$

128.1

$

189.4

State income taxes, net of U.S. Federal tax impact

36.7

25.8

28.9

Goodwill and intangible impairments

1.8

107.6

27.5

Federal audit settlements

(225.8)

Change of valuation allowance due to certain tax elections

(27.7)

(28.1)

Incentive compensation

1.0

1.8

11.1

Tax credits

(27.9)

(9.8)

(7.5)

Tax on unremitted foreign earnings

1.9

10.6

4.7

Other

0.9

(1.6)

(7.3)

$

3.7

$

262.5

$

218.7

Schedule of Deferred Tax Assets and Liabilities

May 25, 2025

May 26, 2024

    

Assets

    

Liabilities

    

Assets

    

Liabilities

Property, plant and equipment

$

$

275.1

$

$

305.5

Inventory

14.2

20.8

Goodwill, trademarks and other intangible assets

378.0

842.8

436.2

842.7

Right-of-use assets

51.1

42.0

Accrued expenses

19.1

17.7

Compensation related liabilities

29.7

31.3

Pension and other postretirement benefits

49.0

28.5

Investment in unconsolidated subsidiaries

28.6

21.3

Lease liabilities

59.4

50.7

Other liabilities that will give rise to future tax deductions

65.2

67.4

Net capital and operating loss carryforwards

29.0

36.0

Research expenditures

45.1

34.5

Federal credits

23.8

9.4

Other

28.7

33.4

30.1

49.5

692.2

1,280.0

734.1

1,289.5

Less: Valuation allowance

(209.4)

(457.2)

Net deferred taxes

$

482.8

$

1,280.0

$

276.9

$

1,289.5

Schedule of Unrecognized Tax Benefits Roll Forward

    

May 25, 2025

    

May 26, 2024

Beginning balance

$

21.7

$

23.7

Increases from positions established during prior periods

0.9

0.3

Decreases from positions established during prior periods

(0.8)

Increases from positions established during the current period

0.8

1.9

Reductions resulting from lapse of applicable statute of limitation

(2.0)

(4.3)

Decrease from audit settlements

(9.3)

Other adjustments to liability

(0.3)

0.1

Ending balance

$

11.0

$

21.7