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Additional Financial Information
6 Months Ended
Nov. 27, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Additional Financial Information
Supplemental Balance Sheet Information
The components of lease assets and liabilities on the consolidated balance sheet are as follows:
(in millions)Balance Sheet ClassificationNovember 27, 2022May 29, 2022
Operating lease right-of-use assetsOperating lease right-of-use assets$3,434.8 $3,465.1 
Finance lease right-of-use assetsLand, buildings and equipment, net893.3 838.1 
Total lease assets, net$4,328.1 $4,303.2 
Operating lease liabilities - currentOther current liabilities$182.5 $185.8 
Finance lease liabilities - currentOther current liabilities17.6 16.6 
Operating lease liabilities - non-currentOperating lease liabilities - non-current3,730.5 3,755.8 
Finance lease liabilities - non-currentOther liabilities1,087.0 1,018.6 
Total lease liabilities$5,017.6 $4,976.8 
Supplemental Cash Flow Information
Cash paid for interest and income taxes are as follows:
Six Months Ended
(in millions)November 27, 2022November 28, 2021
Interest, net of amounts capitalized$38.1 $30.3 
Income taxes, net of refunds(68.2)58.0 
Non-cash investing and financing activities are as follows:
Six Months Ended
(in millions)November 27, 2022November 28, 2021
Increase in land, buildings and equipment through accrued purchases$79.2 $43.2 
Right-of-use assets obtained in exchange for new operating lease liabilities69.1 3.6 
Right-of-use assets obtained in exchange for new finance lease liabilities41.5 92.9 
Net change in right-of-use assets mainly due to lease modifications resulting in reclassification of leases from operating to finance37.4 108.3 
We have restricted cash of $59.6 million and $51.5 million as of November 27, 2022 and May 29, 2022, respectively, which represents cash held as security for a standby letter of credit and cash held in escrow related to the sale of properties. Restricted cash is included in Prepaid Expenses and Other Current Assets on the balance sheet. See Note 12, Commitments and Contingencies, for further details around standby letters of credit.