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RETIREMENT PLANS (Tables)
 12 Months Ended
May 29, 2022
Retirement Benefits [Abstract]  
Funding Of Defined Benefit Pension Plans And Postretirement Benefit Plans Fundings related to the defined benefit pension plans and postretirement benefit plan, which are funded on a pay-as-you-go basis, were as follows:
Fiscal Year Ended
(in millions)May 29, 2022May 30, 2021May 31, 2020
Defined benefit pension plans funding$0.4 $0.4 $13.2 
Postretirement benefit plan funding1.8 1.4 1.3 
Change In Benefit Obligation
The following provides a reconciliation of the changes in the plan benefit obligation, fair value of plan assets and the funded status of the plans as of May 29, 2022 and May 30, 2021:
Defined Benefit PlansPostretirement Benefit Plan
(in millions)May 29, 2022May 30, 2021May 29, 2022May 30, 2021
Change in Benefit Obligation:
Benefit obligation at beginning of period$4.8 $5.0 $22.4 $20.9 
Interest cost0.1 0.1 0.4 0.6 
Benefits paid(0.4)(0.4)(1.8)(1.4)
Actuarial (gain) loss(0.4)0.1 (3.0)(4.9)
    Special termination benefits (2)— — — 7.2 
Benefit obligation at end of period (1)$4.1 $4.8 $18.0 $22.4 
Change in Plan Assets:
Fair value at beginning of period$— $— $— $— 
Employer contributions0.4 0.4 1.8 1.4 
Benefits paid(0.4)(0.4)(1.8)(1.4)
Fair value at end of period$— $— $— $— 
Unfunded status at end of period$(4.1)$(4.8)$(18.0)$(22.4)

(1)Remaining defined benefit plan obligation relates to a supplemental defined benefit pension plan, which is an unfunded nonqualified plan separate from our primary pension plan which was settled in fiscal 2020. The supplemental plan is frozen and therefore no longer accruing benefits for participants.
(2)Special termination benefits relate to the fiscal 2021 voluntary early retirement incentive program.
Change In Plan Assets
The following provides a reconciliation of the changes in the plan benefit obligation, fair value of plan assets and the funded status of the plans as of May 29, 2022 and May 30, 2021:
Defined Benefit PlansPostretirement Benefit Plan
(in millions)May 29, 2022May 30, 2021May 29, 2022May 30, 2021
Change in Benefit Obligation:
Benefit obligation at beginning of period$4.8 $5.0 $22.4 $20.9 
Interest cost0.1 0.1 0.4 0.6 
Benefits paid(0.4)(0.4)(1.8)(1.4)
Actuarial (gain) loss(0.4)0.1 (3.0)(4.9)
    Special termination benefits (2)— — — 7.2 
Benefit obligation at end of period (1)$4.1 $4.8 $18.0 $22.4 
Change in Plan Assets:
Fair value at beginning of period$— $— $— $— 
Employer contributions0.4 0.4 1.8 1.4 
Benefits paid(0.4)(0.4)(1.8)(1.4)
Fair value at end of period$— $— $— $— 
Unfunded status at end of period$(4.1)$(4.8)$(18.0)$(22.4)

(1)Remaining defined benefit plan obligation relates to a supplemental defined benefit pension plan, which is an unfunded nonqualified plan separate from our primary pension plan which was settled in fiscal 2020. The supplemental plan is frozen and therefore no longer accruing benefits for participants.
(2)Special termination benefits relate to the fiscal 2021 voluntary early retirement incentive program.
Reconciliation Of The Plan's Funded Status
The following provides a reconciliation of the changes in the plan benefit obligation, fair value of plan assets and the funded status of the plans as of May 29, 2022 and May 30, 2021:
Defined Benefit PlansPostretirement Benefit Plan
(in millions)May 29, 2022May 30, 2021May 29, 2022May 30, 2021
Change in Benefit Obligation:
Benefit obligation at beginning of period$4.8 $5.0 $22.4 $20.9 
Interest cost0.1 0.1 0.4 0.6 
Benefits paid(0.4)(0.4)(1.8)(1.4)
Actuarial (gain) loss(0.4)0.1 (3.0)(4.9)
    Special termination benefits (2)— — — 7.2 
Benefit obligation at end of period (1)$4.1 $4.8 $18.0 $22.4 
Change in Plan Assets:
Fair value at beginning of period$— $— $— $— 
Employer contributions0.4 0.4 1.8 1.4 
Benefits paid(0.4)(0.4)(1.8)(1.4)
Fair value at end of period$— $— $— $— 
Unfunded status at end of period$(4.1)$(4.8)$(18.0)$(22.4)

(1)Remaining defined benefit plan obligation relates to a supplemental defined benefit pension plan, which is an unfunded nonqualified plan separate from our primary pension plan which was settled in fiscal 2020. The supplemental plan is frozen and therefore no longer accruing benefits for participants.
(2)Special termination benefits relate to the fiscal 2021 voluntary early retirement incentive program.
Funded Status And Amounts Recognized In Accumulated Other Comprehensive Income (Loss)
The following is a detail of the balance sheet components of each of our plans and a reconciliation of the amounts included in accumulated other comprehensive income (loss):
Defined Benefit PlansPostretirement Benefit Plan
(in millions)May 29, 2022May 30, 2021May 29, 2022May 30, 2021
Components of the Consolidated Balance Sheets:
Current liabilities$— $— $1.9 $2.0 
Noncurrent liabilities4.0 4.8 16.1 20.4 
Net amounts recognized$4.0 $4.8 $18.0 $22.4 
Amounts Recognized in Accumulated Other Comprehensive Income (Loss), net of tax:
Net actuarial gain (loss)(1.2)(1.6)(1.2)(3.7)
Net amounts recognized$(1.2)$(1.6)$(1.2)$(3.7)
Accumulated Benefit Obligations In Excess Of Plan Assets The following is a summary of our accumulated and projected benefit obligations for our defined benefit plans:
(in millions)May 29, 2022May 30, 2021
Accumulated benefit obligation for all defined benefit plans$4.0 $4.8 
Pension plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligation4.0 4.8 
Projected benefit obligations for all plans with projected benefit obligations in excess of plan assets4.0 4.8 
Weighted-Average Assumptions Used
The following table presents the weighted-average assumptions used to determine benefit obligations and net expense:
  Defined Benefit PlansPostretirement Benefit Plan
May 29, 2022May 30, 2021May 29, 2022May 30, 2021
Weighted-average assumptions used to determine benefit obligations at May 29 and May 30 (1)
Discount rate4.32 %2.46 %4.51 %2.86 %
Weighted-average assumptions used to determine net expense for fiscal years ended May 29 and May 30 (2)
Discount rate2.46 %2.58 %2.86 %2.92 %
(1)Determined as of the end of fiscal year.
(2)Determined as of the beginning of fiscal year.
Components Of Net Periodic Benefit Cost
Components of net periodic benefit cost included in earnings are as follows:
Defined Benefit PlansPostretirement Benefit Plan
Fiscal Year EndedFiscal Year Ended
(in millions)May 29, 2022May 30, 2021May 31, 2020May 29, 2022May 30, 2021May 31, 2020
Service cost$— $— $— $— $— $0.1 
Interest cost0.1 0.1 3.3 0.4 0.6 0.7 
Expected return on plan assets— — (4.0)— — — 
Amortization of unrecognized prior service cost— — — — (0.3)(4.8)
Recognized net actuarial loss0.1 0.1 1.8 0.4 1.9 1.5 
Settlement loss recognized— — 145.5 — — — 
Net pension and postretirement cost (benefit)$0.2 $0.2 $146.6 $0.8 $2.2 $(2.5)
Expected Benefit Payments
The following benefit payments are expected to be paid between fiscal 2023 and fiscal 2032:
(in millions)Defined Benefit PlanPostretirement 
Benefit Plan
2023$0.4 $1.9 
20240.4 1.7 
20250.4 1.7 
20260.4 1.6 
20270.4 1.5 
2028-20321.6 6.0