Debt (Tables)

12 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Components of Short-Term Debt

The components of short-term debt are as follows:

(in millions)	May 31, 2020		May 26, 2019
Variable-rate term loan (3.750% at May 31, 2020) due April 2021	$	270.0	$	—

Components of Long-Term Debt

The components of long-term debt are as follows:

(in millions)	May 31, 2020			May 26, 2019
3.850% senior notes due May 2027	$	500.0		$	500.0
6.000% senior notes due August 2035	96.3			96.3
6.800% senior notes due October 2037	42.8			42.8
4.550% senior notes due February 2048	300.0			300.0
Total long-term debt	$	939.1		$	939.1
Less unamortized discount and issuance costs	(10.3		)	(11.4		)
Total long-term debt less unamortized discount and issuance costs	$	928.8		$	927.7

Schedule of Maturities of Long-term Debt

The aggregate contractual maturities of long-term debt for each of the five fiscal years subsequent to May 31, 2020, and thereafter are as follows:

(in millions)
Fiscal Year	2021		2022		2023		2024		2025		Thereafter
Debt repayments	$	—	$	—	$	—	$	—	$	—	$	939.1