The Company has leases for retail stores, showrooms, manufacturing facilities, warehouses and vehicles, which expire at various dates through 2042. Certain lease agreements include contingent rental payments based on per unit usage over a contractual amount and others include rental payments adjusted periodically for inflationary indexes.

The Company's lease costs recognized in the Consolidated Statements of Comprehensive Income consist of the following:


	Year Ended		Year Ended
(In millions)	May 30, 2026		May 31, 2025
Operating lease costs	$	96.3	$	90.7
Short-term lease costs	4.6		5.2
Variable lease costs	16.5		16.7
Total	$	117.4	$	112.6

The Company has financing lease agreements that expire from fiscal 2027 to fiscal 2030. As of May 30, 2026, the Company had financing lease liabilities of $0.9 million. The leases have initial lease terms that range from 3 to 6 years, with certain agreements containing renewal options.

The undiscounted annual future minimum lease payments related to the Company's right-of-use assets are summarized by fiscal year in the following table:


(In millions)
2027	$	111.8
2028	100.0
2029	89.9
2030	82.5
2031	70.6
Thereafter	166.8
Total lease payments*	$	621.6
Less interest	105.8
Present value of lease liabilities	$	515.8

*Lease payments exclude $73.5 million of legally binding minimum lease payments for leases signed but not yet commenced.


	Year Ended			Year Ended
	May 30, 2026			May 31, 2025
Weighted-average remaining lease term (in years)
Operating leases	6.6			6.6
Finance leases	2.9			3.8
Weighted-average discount rate
Operating leases	5.2		%	3.6		%
Finance leases	6.0		%	3.3		%

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	96.8		$	148.5
Operating cash flows from finance leases	0.2			0.1
Financing cash flows from finance leases	0.3			0.3
ROU assets obtained in exchange for new operating lease liabilities
Operating leases	$	91.5		$	124.3
Finance leases	—			—