Retirement and Postemployment Benefits

9 Months Ended

Feb. 27, 2022

Retirement and Postemployment Benefits [Abstract]

Retirement and Postemployment Benefits

(14) Retirement and Postemployment Benefits

Components of net periodic benefit (income) expense are as follows:

		Defined Benefit Pension Plans				Other Postretirement Benefit Plans				Postemployment Benefit Plans
		Quarter Ended				Quarter Ended				Quarter Ended
In Millions		Feb. 27, 2022		Feb. 28, 2021		Feb. 27, 2022		Feb. 28, 2021		Feb. 27, 2022		Feb. 28, 2021
Service cost	$	23.2	$	26.1	$	2.0	$	2.0	$	1.8	$	2.3
Interest cost		46.0		48.0		3.1		4.5		0.4		0.4
Expected return on plan assets		(102.8)		(105.3)		(6.6)		(8.7)		-		-
Amortization of losses (gains)		35.7		27.1		(2.7)		(1.3)		0.8		0.7
Amortization of prior service costs (credits)		0.2		0.3		(5.3)		(1.3)		0.1		0.1
Other adjustments		-		-		-		-		4.0		2.1
Net expense (income)	$	2.3	$	(3.8)	$	(9.5)	$	(4.8)	$	7.1	$	5.6
		Defined Benefit Pension Plans				Other Postretirement Benefit Plans				Postemployment Benefit Plans
		Nine-Month Period Ended				Nine-Month Period Ended				Nine-Month Period Ended
In Millions		Feb. 27, 2022		Feb. 28, 2021		Feb. 27, 2022		Feb. 28, 2021		Feb. 27, 2022		Feb. 28, 2021
Service cost	$	70.4	$	78.1	$	5.8	$	6.3	$	5.3	$	6.9
Interest cost		138.4		143.9		9.4		13.5		1.1		1.2
Expected return on plan assets		(308.5)		(315.4)		(20.0)		(26.0)		-		-
Amortization of losses (gains)		106.1		81.1		(8.1)		(3.8)		2.3		2.1
Amortization of prior service costs (credits)		0.6		0.9		(15.7)		(4.1)		0.3		0.5
Other adjustments		-		-		-		-		9.7		6.5
Curtailment gain		(14.3)		-		(5.7)		-		-		-
Net (income) expense	$	(7.3)	$	(11.4)	$	(34.3)	$	(14.1)	$	18.7	$	17.2