v3.26.1
LEASES (Tables)
12 Months Ended
May 31, 2026
Lessee Disclosure [Abstract]  
Schedule of Operating and Finance Leases Reported In Balance Sheet

Operating Leases

  ​ ​ ​

Balance Sheet Location

  ​ ​ ​

May 31, 2026

  ​ ​ ​

May 25, 2025

ROU assets, net

Other assets

$

170.7

$

209.7

Lease liabilities (current)

Other accrued liabilities

36.0

39.7

Lease liabilities (noncurrent)

Other noncurrent liabilities

170.7

203.3

Finance Leases

  ​ ​ ​

Balance Sheet Location

  ​ ​ ​

May 31, 2026

  ​ ​ ​

May 25, 2025

ROU assets, at cost

Property, plant and equipment

$

320.9

$

364.9

Less accumulated depreciation

Less accumulated depreciation

(94.0)

(98.3)

ROU assets, net

Property, plant and equipment, net

226.9

266.6

Lease liabilities (current)

Current installments of long-term debt

16.1

29.4

Lease liabilities (noncurrent)

Senior long-term debt, excluding current installments

224.3

237.8

The components of total lease cost were as follows:

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Operating lease cost

$

48.1

$

47.6

$

53.1

Finance lease cost

Depreciation of leased assets

21.1

23.4

23.2

Interest on lease liabilities

13.3

13.7

12.0

Short-term lease cost

10.2

7.9

11.2

Total lease cost

$

92.7

$

92.6

$

99.5

Schedule Of Weighted Average Remaining Lease Terms and Weighted Average Discount Rate For Leases

Operating Leases

Finance Leases

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Weighted-average remaining lease term (in years)

6.3

6.8

13.5

13.8

Weighted-average discount rate

4.35%

4.15%

5.33%

5.26%

Schedule of Cash Flows Arising From Lease Transactions

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash outflows from operating leases

$

55.2

$

51.0

$

52.1

Operating cash outflows from finance leases

13.3

13.7

5.8

Financing cash outflows from finance leases

31.0

31.3

22.7

ROU assets obtained in exchange for new lease liabilities:

Operating leases

6.3

77.3

27.5

Finance leases

4.3

24.0

177.3

Schedule of Operating and Finance Lease Liabilities Maturities

  ​ ​ ​

Operating Leases

  ​ ​ ​

Finance Leases

  ​ ​ ​

Total

2027

$

44.2

$

28.1

$

72.3

2028

44.2

28.3

72.5

2029

34.9

27.9

62.8

2030

28.6

28.8

57.4

2031

25.9

26.8

52.7

Later years

62.5

206.2

268.7

Total lease payments

240.3

346.1

586.4

Less: Imputed interest

(33.6)

(105.7)

(139.3)

Total lease liabilities

$

206.7

$

240.4

$

447.1