v3.26.1
RESTRUCTURING, TRANSFORMATION, IMPAIRMENT, AND OTHER EXIT COSTS (Tables)
12 Months Ended
May 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Transformation Charges Restructuring and transformation charges recorded in fiscal 2026 were as follows:
In Millions
Supply chain actions
$95.4
Charges associated with restructuring and transformation actions previously announced
60.1
Total restructuring and transformation charges
$155.5
Restructuring and transformation charges recorded in fiscal 2025 were as follows:
In Millions
Global transformation initiative
$70.1
Charges associated with restructuring actions previously announced
17.4
Total restructuring and transformation charges
$87.5
Restructuring charges recorded in fiscal 2024 were as follows:
In Millions
Commercial strategy actions
$18.6
Charges associated with restructuring actions previously announced
20.2
Total restructuring charges
$38.8
Schedule of Restructuring, Transformation, and Impairment Charges and Restructuring Initiative Project-Related Costs Restructuring, transformation and impairment charges are classified in our Consolidated Statements of (Loss) Earnings as follows:
Fiscal Year
In Millions
2026
2025
2024
Restructuring, transformation, impairment, and other exit costs
$2,970.8
$78.3
$241.4
Cost of sales
19.4
9.2
17.6
Total restructuring, transformation, and impairment charges
$2,990.2
$87.5
$259.0
Schedule of Rollforward of Restructuring and Other Exit Cost Reserves The roll forward of our restructuring, transformation, and other exit cost reserves, included in other current liabilities, is as follows:
In Millions
Severance
Other Exit
Costs
Total
Reserve balance as of May 28, 2023
$47.6
$0.1
$47.7
Reserve 2024 charges, including foreign currency translation
0.1
0.1
Utilized in fiscal 2024
(32.8)
(0.2)
(33.0)
Reserve balance as of May 26, 2024
14.8
14.8
Reserve 2025 charges, including foreign currency translation
70.1
70.1
Utilized in fiscal 2025
(7.8)
(7.8)
Reserve balance as of May 25, 2025
77.1
77.1
Reserve 2026 charges, including foreign currency translation
4.7
3.7
8.4
Utilized in fiscal 2026
(35.6)
(35.6)
Reserve balance as May 31, 2026
$46.2
$3.7
$49.9