v3.26.1
COST SAVINGS PROGRAM AND RESTRUCTURING (Tables)
12 Months Ended
May 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
For the Fiscal Years Ended May
(in millions)20262025
Cost Savings Program and Restructuring Plan expenses related to:
Retirement of assets and other plant charges (a)$53.1 $55.3 
Potato contract terminations (b)— 59.3 
Inventory write-off (b)8.0 26.5 
Employee-related costs (c)15.8 17.5 
Professional services and other45.3 27.2 
122.2 185.8 
Sale of non-core assets (a)(10.6)— 
$111.6 $185.8 
___________________________________________
(a)Includes charges related to the write-off of assets at permanently closed production facilities under the Plans, impairments of certain non-core assets, and plant charges. The gain on the sale of non-core assets was $1.3 million.
(b)Includes the cost of contracted raw potatoes that were not used due to curtailed production under the Restructuring Plan and the write-off of inventories, including spare parts, related to production curtailments under the Plans.
(c)Includes employee severance and other one-time termination benefits related to reductions in headcount.
The following amounts related to the Plans are included in the Company’s Consolidated Statements of Earnings:
For the Fiscal Years Ended May
(in millions)20262025
Cost Savings Program and Restructuring Plan expense included in:
Cost of sales$7.6 $75.3 
Cost Savings Program and Restructuring expenses, net104.0 100.0 
Equity method investment earnings— 10.5 
$111.6 $185.8 
The following is a roll-forward of accrued restructuring liabilities related to the Plans:
(in millions)
Accrued restructuring liability, May 25, 2025$21.5 
Additions74.4 
Payments(87.9)
Accrued restructuring liability, May 31, 2026$8.0