Restructuring, Impairment, And Other Exit Costs (Tables)

12 Months Ended

May 28, 2023

Restructuring, Impairment, And Other Exit Costs [Abstract]

Restructuring And Impairment Charges And Project-Related Costs

Expense, in Millions

Global supply chain actions

$

36.2

Network optimization actions

6.4

Charges associated with restructuring actions previously announced

18.4

Total restructuring charges

$

61.0

Expense, in Millions

International manufacturing and logistics operations

$

15.0

Net recoveries associated with restructuring actions previously announced

(38.2)

Total net restructuring recoveries

$

(23.2)

Expense, in Millions

Global organizational structure and resource alignment

$

157.3

International route-to-market and supply chain optimization

13.0

Charges associated with restructuring actions previously announced

2.4

Total restructuring charges

$

172.7

Schedule Of Restructuring Charges And Project-related Costs Presentation

Fiscal Year

In Millions

2023

2022

2021

Restructuring, impairment, and other exit costs (recoveries)

$

56.2

$

(26.5)

$

170.4

Cost of sales

4.8

3.3

2.3

Total restructuring and impairment charges (recoveries)

61.0

(23.2)

172.7

Project-related costs classified in cost of sales

$

2.4

$

-

$

-

Rollforward Of Restructuring And Other Exit Cost Reserves

In Millions

Severance

Other Exit

Costs

Total

Reserve balance as of May 31, 2020

$

17.8

$

-

$

17.8

Fiscal 2021 charges, including foreign currency translation

142.3

1.6

143.9

Utilized in fiscal 2021

(12.8)

(0.1)

(12.9)

Reserve balance as of May 30, 2021

147.3

1.5

148.8

Fiscal 2022 charges, including foreign currency translation

2.2

1.2

3.4

Reserve adjustment

(34.0)

-

(34.0)

Utilized in fiscal 2022

(80.1)

(1.3)

(81.4)

Reserve balance as of May 29, 2022

35.4

1.4

36.8

Fiscal 2023 charges, including foreign currency translation

41.6

0.1

41.7

Utilized in fiscal 2023

(29.4)

(1.4)

(30.8)

Reserve balance as of May 28, 2023

$

47.6

$

0.1

$

47.7