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LEASES (Tables)
12 Months Ended
May 25, 2025
Lessee Disclosure [Abstract]  
Schedule of Operating and Finance Leases Reported In Balance Sheet

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Operating Leases

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Balance Sheet Location

    

May 25, 2025

    

May 26, 2024

ROU assets, net

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Other assets

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$

209.7

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$

171.3

Lease liabilities (current)

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Other accrued liabilities

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39.7

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36.7

Lease liabilities (noncurrent)

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Other noncurrent liabilities

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203.3

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169.3

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Finance Leases

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Balance Sheet Location

    

May 25, 2025

    

May 26, 2024

ROU assets, at cost

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Property, plant and equipment

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$

364.9

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$

377.0

Less accumulated depreciation

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Less accumulated depreciation

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(98.3)

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(97.5)

ROU assets, net

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Property, plant and equipment, net

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266.6

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279.5

Lease liabilities (current)

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Current installments of long-term debt

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29.4

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20.2

Lease liabilities (noncurrent)

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Senior long-term debt, excluding current installments

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237.8

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253.5

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The components of total lease cost were as follows:

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2025

    

2024

    

2023

Operating lease cost

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$

47.6

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$

53.1

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$

55.3

Finance lease cost

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Depreciation of leased assets

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23.4

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23.2

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16.8

Interest on lease liabilities

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13.7

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12.0

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5.3

Short-term lease cost

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7.9

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11.2

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11.0

Total lease cost

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$

92.6

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$

99.5

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$

88.4

Schedule Of Weighted Average Remaining Lease Terms and Weighted Average Discount Rate For Leases

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Operating Leases

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Finance Leases

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2025

    

2024

    

2025

    

2024

Weighted-average remaining lease term (in years)

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6.8

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6.5

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13.8

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14.8

Weighted-average discount rate

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4.15%

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3.87%

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5.26%

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5.25%

Schedule of Cash Flows Arising From Lease Transactions

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2025

    

2024

    

2023

Cash paid for amounts included in the measurement of lease liabilities:

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Operating cash outflows from operating leases

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$

51.0

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$

52.1

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$

57.7

Operating cash outflows from finance leases

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13.7

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5.8

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5.3

Financing cash outflows from finance leases

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31.3

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22.7

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25.0

ROU assets obtained in exchange for new lease liabilities:

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Operating leases

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77.3

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27.5

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34.2

Finance leases

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24.0

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177.3

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7.8

Schedule of Operating and Finance Lease Liabilities Maturities

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Operating Leases

    

Finance Leases

    

Total

2026

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$

50.3

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$

42.3

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$

92.6

2027

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43.4

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26.3

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69.7

2028

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41.1

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25.7

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66.8

2029

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32.3

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25.3

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57.6

2030

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26.4

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26.7

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53.1

Later years

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85.9

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237.5

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323.4

Total lease payments

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279.4

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383.8

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663.2

Less: Imputed interest

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(36.4)

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(116.6)

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(153.0)

Total lease liabilities

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$

243.0

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$

267.2

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$

510.2

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