v3.26.1
LEASES (Tables)
 12 Months Ended
May 31, 2026
Lessee Disclosure [Abstract]  
Schedule of Lease Cost Components of our lease cost are as follows:
Fiscal Year
In Millions
2026
2025
2024
Operating lease cost
$138.5
$145.7
$128.9
Variable lease cost
6.8
7.5
8.9
Short-term lease cost
31.1
32.6
32.2
The weighted-average remaining lease term and weighted-average discount rate for our operating leases are as follows:
May 31, 2026
May 25, 2025
Weighted-average remaining lease term
5.0 years
5.0 years
Weighted-average discount rate
4.7%
4.9%
In addition, we had $12.3 million of right of use assets and $12.3 million of related lease liabilities classified as held for sale as of
May 31, 2026.
Supplemental operating cash flow information and non-cash activity related to our operating leases, including those classified as held-
for-sale, are as follows:
Fiscal Year
In Millions
2026
2025
Cash paid for amounts included in the measurement of lease liabilities
$140.6
$152.7
Right of use assets obtained in exchange for new lease liabilities
$97.6
$163.4
Schedule of Maturities in Operating and Finance Lease Obligations Maturities of our operating and finance lease obligations by fiscal year are as follows:
In Millions
Operating
Leases
Finance Leases
Fiscal 2027
$118.4
$0.4
Fiscal 2028
100.3
—
Fiscal 2029
78.5
—
Fiscal 2030
51.4
—
Fiscal 2031
38.3
—
After fiscal 2031
69.3
—
Total noncancelable future lease obligations
$456.2
$0.4
Less: Interest
(53.8)
—
Present value of lease obligations
$402.4
$0.4