Investments in Unconsolidated Joint Ventures (Tables)

12 Months Ended

May 28, 2023

Investments In Unconsolidated Joint Ventures [Abstract]

Joint Venture Related Financial Statement Activity

In Millions

May 28, 2023

May 29, 2022

Cumulative investments

$

401.5

$

416.4

Goodwill and other intangibles

444.1

444.9

Aggregate advances included in cumulative investments

275.6

254.4

Fiscal Year

In Millions

2023

2022

2021

Sales to joint ventures

$

5.8

$

6.3

$

6.7

Net advances (repayments)

32.2

(15.4)

(15.5)

Dividends received

69.9

107.5

95.2

Summarized Joint Venture Financial Statement Activity On 100% Basis

Fiscal Year

In Millions

2023

2022

2021

Net sales:

CPW 

$

1,618.9

$

1,706.5

$

1,766.8

HDJ

338.5

427.8

422.4

Total net sales

1,957.4

2,134.3

2,189.2

Gross margin

667.7

803.1

882.9

Earnings before income taxes

169.3

249.9

247.8

Earnings after income taxes

126.9

201.0

201.7

In Millions

May 28, 2023

May 29, 2022

Current assets

$

817.7

$

823.9

Noncurrent assets

772.7

839.8

Current liabilities

1,300.0

1,298.8

Noncurrent liabilities

100.3

106.5