v3.26.1
OTHER ASSETS
 12 Months Ended
May 31, 2026
Other Assets, Noncurrent Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
The components of other assets were as follows:
(in millions)May 31, 2026May 25, 2025
Capitalized software costs (a)$175.8 $208.7 
Equity method investments (b)51.1 47.5 
Property, plant, and equipment deposits33.9 30.3 
Other64.9 68.1 
Other assets$325.7 $354.6 
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(a)Capitalized software costs are generally amortized over three to seven years once implemented.
(b)Equity method investments include our 50% ownership in Lamb-Weston/RDO Frozen (“Lamb Weston RDO”), our joint venture with RDO Frozen Co., which is included in our North America segment.
Summarized financial information for our equity method investments are as follows:
For the Fiscal Years Ended May
(in millions)202620252024
Net sales$296.9 $336.3 $339.8 
Gross profit49.6 66.7 88.1 
Income from operations20.7 33.7 55.3 
Net income15.0 30.3 51.9 
(in millions)May 31, 2026May 25, 2025
Current assets$93.7$85.8
Noncurrent assets98.5106.3
Current liabilities46.450.5
Noncurrent liabilities43.646.7
We made the following sales to and purchases from our equity method investments, primarily for finished products sold to or purchased from our joint ventures. We also provided services, such as sales and marketing services, to our equity method investments that are recorded as a reduction to “Selling, general and administrative expenses” in our Consolidated Statements of Earnings. We also received dividends. The following table summarizes the activity with our equity method investments:
For the Fiscal Years Ended May
(in millions)202620252024
Sales$8.8 $9.4 $18.1 
Purchases92.5 82.2 74.9 
Services provided16.0 21.4 22.8 
Dividends received5.0 23.0 11.8 
As of May 31, 2026 and May 25, 2025, we had receivables included in “Receivables” on our Consolidated Balance Sheets from our equity method investments of $3.7 million and $6.2 million, respectively. As of May 31, 2026 and May 25, 2025, we had payables included in “Accounts Payable” on our Consolidated Balance Sheets to our equity method investments of $23.4 million and $21.1 million, respectively,