v3.26.1
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES (Tables)
 12 Months Ended
May 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Joint Venture Related Financial Statement Activity Joint venture related balance sheet activity is as follows:
In Millions
May 31, 2026
May 25, 2025
Cumulative investments
$254.7
$431.8
Goodwill and other intangible assets
428.5
469.9
Aggregate advances included in cumulative investments
310.9
314.6
Joint venture earnings and cash flow activity is as follows:
Fiscal Year
In Millions
2026
2025
2024
Sales to joint ventures
$6.7
$7.8
$4.8
Net advances (repayments)
31.8
(13.3)
2.7
Dividends received
39.0
44.6
50.4
Schedule of Joint Venture Financial Statement Activity on 100% Basis Summary combined financial information for the joint ventures on a 100 percent basis is as follows:
Fiscal Year
In Millions
2026
2025
2024
Net sales:
CPW
$1,678.5
$1,647.3
$1,718.5
HDJ
341.7
323.1
319.3
Total net sales
2,020.2
1,970.4
2,037.8
Gross margin
697.5
686.8
672.2
(Loss) earnings before income taxes
(73.6)
89.4
145.2
(Loss) earnings after income taxes
(112.1)
61.5
119.9
In Millions
May 31, 2026
May 25, 2025
Current assets
$707.4
$751.0
Noncurrent assets
632.5
788.3
Current liabilities
1,302.6
1,314.1
Noncurrent liabilities
116.3
96.3