RESTRUCTURING, TRANSFORMATION, IMPAIRMENT, AND OTHER EXIT COSTS (Tables)

12 Months Ended

May 31, 2026

Restructuring and transformation charges recorded in fiscal 2026 were as follows:


In Millions
Supply chain actions	$95.4
Charges associated with restructuring and transformation actions previously announced	60.1
Total restructuring and transformation charges	$155.5

Restructuring and transformation charges recorded in fiscal 2025 were as follows:


In Millions
Global transformation initiative	$70.1
Charges associated with restructuring actions previously announced	17.4
Total restructuring and transformation charges	$87.5

Restructuring charges recorded in fiscal 2024 were as follows:


In Millions
Commercial strategy actions	$18.6
Charges associated with restructuring actions previously announced	20.2
Total restructuring charges	$38.8

Restructuring, transformation and impairment charges are classified in our Consolidated Statements of (Loss) Earnings as follows:


	Fiscal Year
In Millions	2026	2025	2024
Restructuring, transformation, impairment, and other exit costs	$2,970.8	$78.3	$241.4
Cost of sales	19.4	9.2	17.6
Total restructuring, transformation, and impairment charges	$2,990.2	$87.5	$259.0

The roll forward of our restructuring, transformation, and other exit cost reserves, included in other current liabilities, is as follows:


In Millions	Severance	Other Exit Costs	Total
Reserve balance as of May 28, 2023	$47.6	$0.1	$47.7
Reserve 2024 charges, including foreign currency translation	—	0.1	0.1
Utilized in fiscal 2024	(32.8)	(0.2)	(33.0)
Reserve balance as of May 26, 2024	14.8	—	14.8
Reserve 2025 charges, including foreign currency translation	70.1	—	70.1
Utilized in fiscal 2025	(7.8)	—	(7.8)
Reserve balance as of May 25, 2025	77.1	—	77.1
Reserve 2026 charges, including foreign currency translation	4.7	3.7	8.4
Utilized in fiscal 2026	(35.6)	—	(35.6)
Reserve balance as May 31, 2026	$46.2	$3.7	$49.9