Restructuring, Impairment, And Other Exit Costs

9 Months Ended

Feb. 23, 2025

Restructuring, Impairment, And Other Exit Costs [Abstract]

Restructuring, Impairment, And Other Exit Costs

(3) Restructuring, Impairment, and Other Exit Costs

Restructuring and impairment charges were as follows:

Quarter Ended

Nine-Month Period Ended

In Millions

Feb. 23, 2025

Feb. 25, 2024

Feb. 23, 2025

Feb. 25, 2024

(Recoveries) charges associated with restructuring actions

 previously announced

$

(0.6)

$

5.9

$

3.6

$

30.5

Goodwill impairment

-

-

-

117.1

Total 

$

(0.6)

$

5.9

$

3.6

$

147.6

In the nine-month period ended February 23, 2025, we did not undertake any new restructuring actions. We recorded a $

0.6

 million

net recovery of restructuring charges in the third quarter of fiscal 2025 and $

3.6

 million of restructuring charges in the nine-month

period ended February 23, 2025, related to restructuring actions previously announced. We recorded $

5.9

 million of restructuring

charges in the third quarter of fiscal 2024 and $

30.5

 million of restructuring charges in the nine-month period ended February 25,

2024, related to restructuring actions previously announced. We expect these actions to be completed by the end of fiscal 2026.

We paid net $

7.0

 million of cash in the nine-month period ended February 23, 2025, related to restructuring actions. We paid net

$

27.9

 million of cash in the same period of fiscal 2024.

In the second quarter of fiscal 2024, we recorded a $

117.1

 million non-cash goodwill impairment charge related to our Latin America

reporting unit. See Note 4 for additional information.

Restructuring and impairment (recoveries) charges and project-related costs are recorded in our Consolidated Statements of Earnings

as follows:

Quarter Ended

Nine-Month Period Ended

In Millions

Feb. 23, 2025

Feb. 25, 2024

Feb. 23, 2025

Feb. 25, 2024

Restructuring, impairment, and other exit (recoveries) costs

$

(0.8)

$

5.8

$

2.6

$

130.6

Cost of sales

0.2

0.1

1.0

17.0

Total restructuring and impairment (recoveries) charges

$

(0.6)

$

5.9

$

3.6

$

147.6

Project-related costs classified in cost of sales

$

0.2

$

0.5

$

0.4

$

1.6