XML 68 R53.htm IDEA: XBRL DOCUMENT v3.23.2
Debt, Derivatives and Hedging Activities - Narrative (Details) - USD ($)
12 Months Ended
Apr. 17, 2023
May 03, 2022
May 01, 2022
Apr. 01, 2022
Jun. 01, 2021
May 31, 2023
May 31, 2022
May 31, 2021
Debt Instrument [Line Items]                
Average interest rate           4.00%    
Long-term debt, carrying amount           $ 2,486,405,000 $ 2,483,932,000  
Repayments of commercial paper           261,200,000    
Letters of credit outstanding, amount           99,600,000 106,700,000  
Long-term Debt, Fiscal Year Maturity [Abstract]                
Maturities of long term debt, year one           0    
Maturities of long term debt, year two           450,000,000    
Maturities of long term debt, year three           0    
Maturities of long term debt, year four           1,000,000,000    
Maturities of long term debt, year five           0    
Interest paid           111,500,000 97,800,000 $ 98,300,000
Notional amount           500,000,000 500,000,000  
Interest rate lock agreement, asset position           132,173,000 28,581,000 102,600,000
Interest rate lock agreements                
Long-term Debt, Fiscal Year Maturity [Abstract]                
Interest rate lock agreement, asset position           58,900,000    
Commercial paper                
Debt Instrument [Line Items]                
Proceeds from issuance of debt             261,100,000  
Long-term Debt, Fiscal Year Maturity [Abstract]                
Debt due within one year           0 261,200,000  
Other comprehensive Income                
Long-term Debt, Fiscal Year Maturity [Abstract]                
Amortization of interest rate lock agreements - decrease to other comprehensive income           6,100,000 2,100,000 $ 1,400,000
Revolving Credit Facility                
Long-term Debt, Fiscal Year Maturity [Abstract]                
Line of credit facility, accordion feature, increase limit (up to)           500,000,000    
Borrowings on revolving credit facility           0 0  
Term Notes Due Through 2037 | Unsecured Debt                
Debt Instrument [Line Items]                
Long-term debt, carrying amount           2,500,000,000 2,811,200,000  
Long-term debt, fair value           $ 2,443,800,000 $ 2,862,200,000  
Senior Notes 2.78%, 2023 Maturity | Senior Notes                
Debt Instrument [Line Items]                
Repayment of debt $ 50,000,000              
Interest rate 3.73%         2.78%    
Debt term 10 years              
Senior Notes 4.30%, 2022 Maturity | Senior Notes                
Debt Instrument [Line Items]                
Repayment of debt         $ 250,000,000      
Interest rate         4.30%      
Debt term         10 years      
Senior Notes, 2.90%, 2022 Maturity | Senior Notes                
Debt Instrument [Line Items]                
Repayment of debt       $ 650,000,000        
Interest rate       2.90%        
Debt term       5 years        
Senior Notes, 3.25%, 2023 Maturity | Senior Notes                
Debt Instrument [Line Items]                
Repayment of debt     $ 300,000,000          
Interest rate     3.25%          
Debt term     10 years          
Senior Notes, 3.45%, 2025 Maturity | Senior Notes                
Debt Instrument [Line Items]                
Interest rate   3.45%       3.45%    
Proceeds from issuance of commercial paper   $ 400,000,000            
Senior Notes, 4.00%, 2032 Maturity | Senior Notes                
Debt Instrument [Line Items]                
Interest rate   4.00%       4.00%    
Proceeds from issuance of commercial paper   $ 800,000,000            
Credit agreement | Revolving Credit Facility                
Long-term Debt, Fiscal Year Maturity [Abstract]                
Revolving credit facility, maximum borrowing capacity with accordion feature           $ 2,000,000,000