Significant Accounting and Reporting Policies (Tables)

12 Months Ended

May 30, 2026

Schedule of Goodwill and Indefinite-lived Intangibles Assets

The changes in the carrying amount of goodwill, by reporting segment, are as follows:


(In millions)	North America Contract(1)		International Contract		Global Retail(2)		Total
Balance at June 1, 2024	$	584.3	$	154.0	$	488.0	$	1,226.3
Impairment charges	—		—		(92.3)		(92.3)
Foreign currency translation adjustments	6.5		5.1		6.8		18.4
Balance at May 31, 2025	$	590.8	$	159.1	$	402.5	$	1,152.4

Foreign currency translation adjustments	4.3		1.3		3.3		8.9
Balance at May 30, 2026	$	595.1	$	160.4	$	405.8	$	1,161.3

(1) North America Contract segment had accumulated goodwill impairments of $36.7 million as of May 30, 2026, May 31, 2025, and June 1, 2024.

(2) Global Retail segment had accumulated goodwill impairments of $181.1 million as of May 30, 2026, and May 31, 2025, and $88.8 million as of June 1, 2024.

Other indefinite-lived assets included in the Consolidated Balance Sheets consist of the following:


(In millions)	Indefinite-lived Intangible Assets
Balance at June 1, 2024	$	465.5
Impairment charges	(37.7)
Foreign currency translation adjustments	4.7
Balance at May 31, 2025	$	432.5

Foreign currency translation adjustments	2.8
Balance at May 30, 2026	$	435.3

Schedule of Property and Equipment

The following table summarizes our property as of the dates indicated:


(In millions)	May 30, 2026		May 31, 2025
Land and improvements	$	56.6	$	56.3
Buildings and improvements	456.2		407.2
Machinery and equipment	1,150.5		1,107.3
Construction in progress	69.3		68.0
Accumulated depreciation	(1,221.3)		(1,142.7)
Property and equipment, net	$	511.3	$	496.1

Schedule of Finite-Lived Intangible Assets by Major Class

Refer to the following table for the combined gross carrying value and accumulated amortization for these amortizable intangibles.


	May 30, 2026
(In millions)	Patent and Trademarks		Customer Relationships		Designs and Patterns		Backlog		Other		Total
Gross carrying value	$	67.7	$	366.3	$	42.9	$	28.6	$	12.6	$	518.1
Accumulated amortization	56.0		188.4		19.4		28.6		11.7		304.1

Net	$	11.7	$	177.9	$	23.5	$	—	$	0.9	$	214.0

	May 31, 2025
	Patent and Trademarks		Customer Relationships		Designs and Patterns		Backlog		Other		Total
Gross carrying value	$	65.2	$	362.8	$	42.6	$	28.5	$	13.8	$	512.9
Accumulated amortization	52.1		157.8		15.9		28.5		11.1		265.4

Net	$	13.1	$	205.0	$	26.7	$	—	$	2.7	$	247.5

Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense

Estimated amortization expense on existing amortizable intangible assets as of May 30, 2026, for each of the succeeding five fiscal years, is as follows:


(In millions)
2027	$	35.6
2028	$	30.9
2029	$	25.9
2030	$	20.0
2031	$	20.0

Schedule of Impairment Charges

The table below provides information related to the impairments recognized in fiscal 2026 and fiscal 2025. These charges are included in "Selling, general and administrative" within the Consolidated Statements of Comprehensive Income.


(In millions)	May 30, 2026		May 31, 2025
Property and equipment	$	—	$	—
Right of use asset	—		17.4

Total	$	—	$	17.4

Schedule of Self Insurance Retention Levels

The Company's retention levels designated within significant insurance arrangements as of May 30, 2026, are as follows:


(In millions)	Retention Level (per occurrence)
General liability	$	1.00
Automobile liability	$	1.00
Workers' compensation	$	0.75
Health benefit	$	0.70