v3.26.1
COST SAVINGS PROGRAM AND RESTRUCTURING (Tables)
9 Months Ended
Feb. 22, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs Costs associated with the Plans were as follows:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in millions)February 22,
2026
February 23,
2025
February 22,
2026
February 23,
2025
Cost Savings Program and Restructuring Plan expenses related to:
Retirement of assets and other plant charges (a)$46.9 $7.2 $48.7 $53.0 
Potato contract terminations (b)— (3.2)— 61.5 
Inventory write-off (b)7.3 3.9 7.3 23.7 
Employee-related costs (c)6.1 0.7 15.1 16.9 
Professional services and other5.8 1.7 41.0 14.3 
66.1 10.3 112.1 169.4 
Sale of non-core assets (a)(10.6)— (10.6)— 
$55.5 $10.3 $101.5 $169.4 
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(a)Includes charges related to write-off of assets at permanently closed production facilities under the Plans, impairments of certain non-core assets, and plant charges. The gain on the sale of non-core assets was $1.4 million.
(b)Includes the cost of contracted raw potatoes that were not used due to curtailed production under the Restructuring Plan and the write-off of inventories, including spare parts, related to production curtailments under the Plans.
(c)Includes employee severance and other one-time termination benefits related to reductions in headcount.
The following amounts are included within the following financial statement captions in the Company’s Consolidated Statements of Earnings:
Thirteen Weeks EndedThirty-Nine Weeks Ended
(in millions)February 22,
2026
February 23,
2025
February 22,
2026
February 23,
2025
Cost Savings Program and Restructuring Plan expenses included in:
Cost of sales$7.3 $0.7 $6.9 $76.2 
Cost Savings Plan and Restructuring expenses48.2 9.6 94.6 84.2 
Equity method investment earnings— — — 9.0 
$55.5 $10.3 $101.5 $169.4 
The following is a roll-forward of accrued restructuring liabilities related to the Plans:
(in millions)
Accrued restructuring liability, May 25, 2025$21.5 
Additions65.7 
Payments(78.2)
Accrued restructuring liability, February 22, 2026$9.0