Retirement And Postemployment Benefits

6 Months Ended

Nov. 24, 2024

Retirement And Postemployment Benefits [Abstract]

Retirement And Postemployment Benefits

(14) Retirement and Postemployment Benefits

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

Defined Benefit

Pension Plans

Other Postretirement 

Benefit Plans

Postemployment

Benefit Plans

Quarter Ended

Quarter Ended

Quarter Ended

In Millions

Nov. 24,

2024

Nov. 26,

2023

Nov. 24,

2024

Nov. 26,

2023

Nov. 24,

2024

Nov. 26,

2023

Service cost

$

12.9

$

14.4

$

1.1

$

1.2

$

1.7

$

1.9

Interest cost

76.7

74.1

5.3

5.4

1.0

1.0

Expected return on plan assets

(105.0)

(106.0)

(8.9)

(8.7)

-

-

Amortization of losses (gains)

24.9

21.5

(5.1)

(5.1)

0.2

(0.1)

Amortization of prior service costs (credits)

0.4

0.5

(5.6)

(5.5)

(0.2)

0.2

Other adjustments

-

-

-

-

2.5

2.6

Curtailment gain

-

(3.4)

-

-

-

-

Net expense (income)

$

9.9

$

1.1

$

(13.2)

$

(12.7)

$

5.2

$

5.6

Defined Benefit 

Pension Plans

Other Postretirement 

Benefit Plans

Postemployment

Benefit Plans

Six-Month

Period Ended

Six-Month

Period Ended

Six-Month

Period Ended

In Millions

Nov. 24,

2024

Nov. 26,

2023

Nov. 24,

2024

Nov. 26,

2023

Nov. 24,

2024

Nov. 26,

2023

Service cost

$

25.9

$

28.6

$

2.2

$

2.4

$

3.5

$

3.7

Interest cost

153.4

148.3

10.6

10.7

2.0

2.0

Expected return on plan assets

(210.0)

(208.9)

(17.9)

(17.4)

-

-

Amortization of losses (gains)

50.0

43.0

(10.3)

(10.2)

0.3

(0.1)

Amortization of prior service costs (credits)

0.7

0.9

(11.1)

(10.9)

(0.5)

0.3

Other adjustments

-

-

-

-

5.1

5.2

Curtailment gain

-

(3.4)

-

-

-

-

Net expense (income)

$

20.0

$

8.5

$

(26.5)

$

(25.4)

$

10.4

$

11.1

In addition, we had $

0.9

 million of net plan assets classified as held for sale as of November 24, 2024.