Restructuring, Impairment, and Other Exit Costs

6 Months Ended

Nov. 29, 2020

Restructuring, Impairment, and Other Exit Costs [Abstract]

Restructuring, Impairment, and Other Exit Costs

(2) Restructuring, Impairment, and Other Exit Costs

In the six-month period ended November 29, 2020, we did not undertake any new restructuring actions. We recorded $0.9 million of restructuring charges for previously announced restructuring actions in the second quarter of fiscal 2021 and $1.9 million in the six-month period ended November 29, 2020. We recorded $10.5 million of restructuring charges in the second quarter of fiscal 2020 and $24.8 million in the six-month period ended November 24, 2019. The restructuring charges primarily relate to actions to drive efficiencies in targeted areas of our global supply chain. Certain actions are subject to union negotiations and works counsel consultations, where required. We expect these actions to be completed by the end of fiscal 2022.

We paid net $5.5 million of cash in the six-month period ended November 29, 2020, related to restructuring actions previously announced. We paid net $13.5 million of cash in the same period of fiscal 2020.

Restructuring and impairment charges and project-related costs are recorded in our Consolidated Statements of Earnings as follows:

		Quarter Ended				Six-Month Period Ended
In Millions		Nov. 29, 2020		Nov. 24, 2019		Nov. 29, 2020		Nov. 24, 2019
Cost of sales	$	0.5	$	11.6	$	1.0	$	17.7
Restructuring, impairment, and other exit costs (recoveries)		0.4		(1.1)		0.9		7.1
Total restructuring and impairment charges		0.9		10.5		1.9		24.8
Project-related costs classified in cost of sales	$	-	$	0.7	$	-	$	0.7