Fair Value Measurements (Tables)
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12 Months Ended |
May 30, 2026 |
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| Fair Value Disclosures [Abstract] |
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| Schedule of Carrying Value and Fair Value of Long-Term Debt, Including Current Maturities |
The carrying value and fair value of the Company's long-term debt, including current maturities, is as follows for the periods indicated: | | | | | | | | | | | | | | | (In millions) | | May 30, 2026 | | May 31, 2025 | | Carrying value | | $ | 1,294.6 | | | $ | 1,337.0 | | Fair value (1) | | $ | 1,294.7 | | | $ | 1,330.7 | |
(1) The fair value was estimated based on a discounted cash flow method (Level 2). |
| Schedule of Financial Assets and Liabilities Measured at Fair Value Classified Within Fair Value Hierarchy |
The following table sets forth financial assets and liabilities measured at fair value through net income and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy as of May 30, 2026, and May 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | May 30, 2026 | | May 31, 2025 | | Financial Assets | NAV | | Quoted Prices With Other Observable Inputs (Level 2) | | NAV | | Quoted Prices With Other Observable Inputs (Level 2) | | Cash equivalents: | | | | | | | | | Money market funds | $ | 8.4 | | | $ | — | | | $ | 10.8 | | | $ | — | | | Other current assets: | | | | | | | | | Foreign currency forward contracts | — | | | 0.5 | | | — | | | 0.8 | | | Other noncurrent assets: | | | | | | | | | Deferred compensation plan | — | | | 27.3 | | | — | | | 22.0 | | | Total | $ | 8.4 | | | $ | 27.8 | | | $ | 10.8 | | | $ | 22.8 | | | | | | | | | | | Financial Liabilities | | | | | | | | | Other accrued liabilities: | | | | | | | | | Foreign currency forward contracts | $ | — | | | $ | 0.7 | | | $ | — | | | $ | 0.2 | | | Total | $ | — | | | $ | 0.7 | | | $ | — | | | $ | 0.2 | |
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| Schedule of Assets and Liabilities Measured at Fair Value and Recorded in Other Comprehensive Income |
The following table sets forth financial assets and liabilities measured at fair value through other comprehensive income and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy as of May 30, 2026 and May 31, 2025. | | | | | | | | | | | | | | | (In millions) | | May 30, 2026 | | May 31, 2025 | | Financial Assets | Balance Sheet Location | Quoted Prices with Other Observable Inputs (Level 2) | | Quoted Prices with Other Observable Inputs (Level 2) | | | | | | | Interest rate swap agreement | Other noncurrent assets | $ | 16.7 | | | $ | 28.1 | | | Total | | $ | 16.7 | | | $ | 28.1 | | | | | | | | Financial Liabilities | | | | | | Interest rate swap agreement | Other liabilities | $ | 0.5 | | | $ | 2.0 | | | Total | | $ | 0.5 | | | $ | 2.0 | |
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| Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location |
The effects of non-designated derivatives on the consolidated financial statements were as follows for the fiscal years ended 2026 and 2025 (amounts presented exclude any income tax effects): | | | | | | | | | | | | | | | | | | (In millions) | Balance Sheet Location | | May 30, 2026 | | May 31, 2025 | | | | | | | | Assets: | | | | | | | Foreign currency forward contracts | Current assets: Other current assets | | $ | 0.5 | | | $ | 0.8 | | | Liabilities: | | | | | | | Foreign currency forward contracts | Current liabilities: Other accrued liabilities | | $ | 0.7 | | | $ | 0.2 | | Total net fair value of foreign currency forward contracts(1) | | $ | (0.2) | | | $ | 0.6 | | (1) The notional amounts of the outstanding forward contracts were $57.0 million and $102.2 million, as of May 30, 2026 and May 31, 2025, respectively. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | Statement of Comprehensive Income Location | | May 30, 2026 | | May 31, 2025 | | June 1, 2024 | | Loss recognized on foreign currency forward contracts | Other expense (income), net | | $ | 0.9 | | | $ | 6.1 | | | $ | 3.0 | |
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| Schedule of Interest Rate Swap |
| | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | Notional Amount | | Forward Start Date | | Termination Date | | Effective Fixed Interest Rate | | September 2016 Interest Rate Swap | $ | 150.0 | | | January 3, 2018 | | January 3, 2028 | | 1.910 | % | | June 2017 Interest Rate Swap | $ | 75.0 | | | January 3, 2018 | | January 3, 2028 | | 2.348 | % | | January 2022 Interest Rate Swap | $ | 575.0 | | | January 31, 2022 | | January 29, 2027 | | 1.650 | % | | March 2023 Interest Rate Swap | $ | 150.0 | | | March 3, 2023 | | January 3, 2029 | | 3.950 | % | | February 2026 Interest Rate Swap | $ | 200.0 | | | January 29, 2027 | | January 31, 2030 | | 3.380 | % |
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| Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) |
The gain/(loss) recorded, net of income taxes, in Other comprehensive loss for the effective portion of designated derivatives was as follows for the periods presented below: | | | | | | | | | | | | | | | | | | | Fiscal Year | (In millions) | May 30, 2026 | | May 31, 2025 | | June 1, 2024 | | Interest rate swap | $ | (25.1) | | | $ | (52.2) | | | $ | (27.1) | |
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| Schedule of Changes in Redeemable Noncontrolling Interests |
Changes in the Company's redeemable noncontrolling interest in HAY for the year ended May 30, 2026 are as follows: | | | | | | | (In millions) | May 30, 2026 | | Beginning Balance | $ | 59.3 | | | Net income attributable to redeemable noncontrolling interests | 4.2 | | | Dividend attributable to redeemable noncontrolling interests | (3.1) | | | Foreign currency translation adjustments | 2.0 | | | Redemption value adjustment | 0.9 | | | Ending Balance | $ | 63.3 | |
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