v3.26.1
INCOME TAXES
 9 Months Ended
Feb. 22, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Income tax expense for the periods presented were as follows:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in millions)February 22,
2026		February 23,
2025		February 22,
2026		February 23,
2025
Income before income taxes and equity method earnings$81.6 $201.4 $289.3 $343.5 
Equity method investment earnings$2.7 $2.1 $5.3 $15.5 
Income tax expense$30.3 $57.5 $114.2 $121.7 
Effective tax rate (a)35.9%28.3%38.8%33.9%
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(a)The effective income tax rate is calculated as the ratio of income tax expense to pre-tax income, inclusive of equity method investment earnings. The effective tax rate varies from the U.S. statutory tax rate of 21% principally due to the impact of U.S. state taxes, foreign taxes and currency, permanent differences, and discrete items.
Income Taxes Paid
Income taxes paid, net of refunds, were $100.9 million and $123.6 million during the thirty-nine weeks ended February 22, 2026 and February 23, 2025, respectively.