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LEASES (Tables)

12 Months Ended

May 31, 2020

Leases reported in our Consolidated Balance Sheet as of May 31, 2020 were as follows:

	Operating Leases
	Balance Sheet Location	May 31, 2020
ROU assets, net	Other assets	$	209.3
Lease liabilities (current)	Other accrued liabilities		44.4
Lease liabilities (noncurrent)	Other noncurrent liabilities		206.1

	Finance Leases
	Balance Sheet Location	May 31, 2020
ROU assets, at cost	Property, plant and equipment	$	220.4
Less accumulated depreciation	Less accumulated depreciation		(53.6	)
ROU assets, net	Property, plant and equipment, net		166.8
Lease liabilities (current)	Current installments of long-term debt		22.2
Lease liabilities (noncurrent)	Senior long-term debt, excluding current installments		132.9

The components of total lease cost for fiscal 2020 were as follows:

Operating lease cost	$	63.7
Finance lease cost
Depreciation of leased assets		15.4
Interest on lease liabilities		9.1
Short-term lease cost		3.8
Total lease cost	$	92.0

The weighted-average remaining lease terms and weighted-average discount rate for our leases as of May 31, 2020 were as follows:

	Operating Leases			Finance Leases
Weighted-average remaining lease term (in years)		8.5			8.0
Weighted-average discount rate		3.61	%		5.29	%

Cash flows arising from lease transactions for fiscal 2020 were as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	59.5
Operating cash outflows from finance leases		9.2
Financing cash outflows from finance leases		22.5
ROU assets obtained in exchange for new lease liabilities:
Operating leases		41.6
Finance leases		12.2

Maturities of lease liabilities by fiscal year as of May 31, 2020 were as follows:

A summary of non-cancelable operating lease commitments as of May 26, 2019 is as follows: