DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

May 31, 2026

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of net derivative gains (losses) from economic hedges


		2026			2025			2024
Net derivative gains incurred		$	8.0		$	6.8		$	2.9
Less: Net derivative gains (losses) allocated to reporting segments			4.4			(1.4)			(13.2)
Net derivative gains recognized in general corporate expenses		$	3.6		$	8.2		$	16.1
Net derivative gains (losses) allocated to Grocery & Snacks		$	8.8		$	(4.8)		$	(6.1)
Net derivative gains (losses) allocated to Refrigerated & Frozen			1.6			(3.1)			(1.2)
Net derivative gains (losses) allocated to International			(6.8)			7.1			(5.6)
Net derivative gains (losses) allocated to Foodservice			0.8			(0.6)			(0.3)
Net derivative gains (losses) included in segment operating profit		$	4.4		$	(1.4)		$	(13.2)

Schedule of Derivative Assets and Liabilities Representing a Right to Reclaim, or Obligation to Return, Cash Collateral


		May 31, 2026			May 25, 2025
Prepaid expenses and other current assets		$	4.7		$	4.7
Other accrued liabilities			1.6			5.1

Schedule of Derivative Instruments In Statement of Financial Position Gross Fair Value


		Derivative Assets					Derivative Liabilities
		Balance Sheet Location		Fair Value			Balance Sheet Location		Fair Value
Commodity contracts		Prepaid expenses and other current assets		$	3.7		Other accrued liabilities		$	1.6
Foreign exchange contracts		Prepaid expenses and other current assets			0.1		Other accrued liabilities			1.6
Total derivatives not designated as hedging instruments				$	3.8				$	3.2


		Derivative Assets					Derivative Liabilities
		Balance Sheet Location		Fair Value			Balance Sheet Location		Fair Value
Commodity contracts		Prepaid expenses and other current assets		$	5.5		Other accrued liabilities		$	2.6
Foreign exchange contracts		Prepaid expenses and other current assets			—		Other accrued liabilities			3.6
Total derivatives not designated as hedging instruments				$	5.5				$	6.2

Schedule of Derivatives Not Designated as Hedging Instruments


		For the Fiscal Year Ended May 31, 2026
Derivatives Not Designated as Hedging Instruments		Location in Consolidated Statement of Operations of Gains (Losses) Recognized on Derivatives		Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Operations
Commodity contracts		Cost of goods sold		$	13.7
Foreign exchange contracts		Cost of goods sold			(5.7)
Total gains from derivative instruments not designated as hedging instruments				$	8.0


		For the Fiscal Year Ended May 25, 2025
Derivatives Not Designated as Hedging Instruments		Location in Consolidated Statement of Operations of Gains Recognized on Derivatives		Amount of Gains Recognized on Derivatives in Consolidated Statement of Operations
Commodity contracts		Cost of goods sold		$	2.5
Foreign exchange contracts		Cost of goods sold			4.3
Total gains from derivative instruments not designated as hedging instruments				$	6.8


		For the Fiscal Year Ended May 26, 2024
Derivatives Not Designated as Hedging Instruments		Location in Consolidated Statement of Operations of Gains (Losses) Recognized on Derivatives		Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Operations
Commodity contracts		Cost of goods sold		$	6.9
Foreign exchange contracts		Cost of goods sold			(4.0)
Total gains from derivative instruments not designated as hedging instruments				$	2.9