Leases (Tables)

12 Months Ended

May 28, 2023

Lessee [Abstract]

Lease Cost

Fiscal Year

In Millions

2023

2022

2021

Operating lease cost

$

127.6

$

129.7

$

132.7

Variable lease cost

6.1

8.5

21.8

Short-term lease cost

30.0

29.1

23.4

Lessee Operating Lease Liability Maturity

In Millions

Operating Leases

Finance Leases

Fiscal 2024

$

111.9

$

1.0

Fiscal 2025

86.4

0.6

Fiscal 2026

64.3

0.6

Fiscal 2027

42.9

0.3

Fiscal 2028

28.6

-

After fiscal 2028

68.6

-

Total noncancelable future lease obligations

$

402.7

$

2.5

Less: Interest

(43.8)

(0.2)

Present value of lease obligations

$

358.9

$

2.3

Lessee Operating Lease Weighted Averages

May 28, 2023

May 29, 2022

Weighted-average remaining lease term

5.2

years

4.5

years

Weighted-average discount rate

4.4

%

3.8

%

Supplemental Cash Flow Information Related To Leases

Fiscal Year

In Millions

2023

2022

Cash paid for amounts included in the measurement of lease liabilities

$

129.9

$

128.7

Right of use assets obtained in exchange for new lease liabilities

$

124.4

$

84.6