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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
May 25, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of net derivative gains (losses) from economic hedges

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2025

    

2024

    

2023

Net derivative gains (losses) incurred

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$

6.8

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$

2.9

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$

(17.6)

Less: Net derivative gains (losses) allocated to reporting segments

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(1.4)

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(13.2)

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19.5

Net derivative gains (losses) recognized in general corporate expenses

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$

8.2

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$

16.1

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$

(37.1)

Net derivative gains (losses) allocated to Grocery & Snacks

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$

(4.8)

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$

(6.1)

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$

6.0

Net derivative gains (losses) allocated to Refrigerated & Frozen

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(3.1)

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(1.2)

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9.6

Net derivative gains (losses) allocated to International

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7.1

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(5.6)

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2.5

Net derivative gains (losses) allocated to Foodservice

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(0.6)

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(0.3)

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1.4

Net derivative gains (losses) included in segment operating profit

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$

(1.4)

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$

(13.2)

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$

19.5

Schedule of Derivative Assets and Liabilities Representing a Right to Reclaim, or Obligation to Return, Cash Collateral

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May 25, 2025

    

May 26, 2024

Prepaid expenses and other current assets

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$

4.7

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$

3.0

Other accrued liabilities

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5.1

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3.6

Schedule of Derivative Instruments In Statement of Financial Position Gross Fair Value

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Derivative Assets

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Derivative Liabilities

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Balance Sheet Location

    

Fair Value

    

Balance Sheet Location

    

Fair Value

Commodity contracts

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Prepaid expenses and other current assets

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$

5.5

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Other accrued liabilities

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$

2.6

Foreign exchange contracts

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Prepaid expenses and other current assets

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—

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Other accrued liabilities

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3.6

Total derivatives not designated as hedging instruments

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$

5.5

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$

6.2

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Derivative Assets

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Derivative Liabilities

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Balance Sheet Location

    

Fair Value

    

Balance Sheet Location

    

Fair Value

Commodity contracts

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Prepaid expenses and other current assets

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$

3.8

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Other accrued liabilities

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$

2.6

Foreign exchange contracts

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Prepaid expenses and other current assets

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0.7

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Other accrued liabilities

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1.3

Total derivatives not designated as hedging instruments

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$

4.5

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$

3.9

Schedule of Derivatives Not Designated as Hedging Instruments

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For the Fiscal Year Ended May 25, 2025

Derivatives Not Designated as Hedging Instruments

    

Location in Consolidated Statement of Earnings of Gains Recognized on Derivatives

    

Amount of Gains Recognized on Derivatives in Consolidated Statement of Earnings

Commodity contracts

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Cost of goods sold

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$

2.5

Foreign exchange contracts

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Cost of goods sold

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4.3

Total gains from derivative instruments not designated as hedging instruments

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$

6.8

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For the Fiscal Year Ended May 26, 2024

Derivatives Not Designated as Hedging Instruments

    

Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives

    

Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings

Commodity contracts

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Cost of goods sold

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$

6.9

Foreign exchange contracts

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Cost of goods sold

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(4.0)

Total losses from derivative instruments not designated as hedging instruments

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$

2.9

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For the Fiscal Year Ended May 28, 2023

Derivatives Not Designated as Hedging Instruments

    

Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives

    

Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings

Commodity contracts

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Cost of goods sold

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$

(19.7)

Foreign exchange contracts

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Cost of goods sold

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2.1

Total gains from derivative instruments not designated as hedging instruments

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$

(17.6)