v3.26.1
GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS (Tables)
 12 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The following table presents changes in goodwill balances, by segment, for fiscal years 2026 and 2025:
(in millions)North AmericaInternationalTotal
Balance at May 27, 2024$728.8 $331.1 $1,059.9 
Foreign currency translation adjustment24.4 5.9 30.3 
Balance at May 25, 2025$753.2 $337.0 $1,090.2 
Foreign currency translation adjustment27.1 12.8 39.9 
Balance at May 31, 2026$780.3 $349.8 $1,130.1 
Schedule of Other Identifiable Intangible Assets, Non-amortizing Intangible Assets
Other identifiable intangible assets were as follows:
May 31, 2026May 25, 2025
(in millions, except useful lives)Weighted
Average
Useful Life
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Intangible
Assets, Net		Weighted
Average
Useful Life
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Intangible
Assets, Net
Amortizing intangible assets (a)12$140.2 $(51.5)$88.7 13$140.8 $(44.8)$96.0 
Non-amortizing intangible assets (b)n/a19.6 — 19.6 n/a18.0 — 18.0 
$159.8 $(51.5)$108.3 $158.8 $(44.8)$114.0 
_____________________________________________________
(a)Amortizing intangible assets are primarily comprised of licensing agreements, brands, and customer relationships. Foreign intangible assets are affected by foreign currency translation.
(b)Non-amortizing intangible assets represent brands, trademarks, and carbon credit purchases that are held and applied to settle environmental credit obligations within compliance periods. As of May 31, 2026 and May 25, 2025, we held $1.6 million and zero, respectively, of carbon credits to be applied in future periods.
Schedule of Other Identifiable Intangible Assets, Amortizing Intangible Assets
Other identifiable intangible assets were as follows:
May 31, 2026May 25, 2025
(in millions, except useful lives)Weighted
Average
Useful Life
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Intangible
Assets, Net		Weighted
Average
Useful Life
(in years)		Gross
Carrying
Amount		Accumulated
Amortization		Intangible
Assets, Net
Amortizing intangible assets (a)12$140.2 $(51.5)$88.7 13$140.8 $(44.8)$96.0 
Non-amortizing intangible assets (b)n/a19.6 — 19.6 n/a18.0 — 18.0 
$159.8 $(51.5)$108.3 $158.8 $(44.8)$114.0 
_____________________________________________________
(a)Amortizing intangible assets are primarily comprised of licensing agreements, brands, and customer relationships. Foreign intangible assets are affected by foreign currency translation.
(b)Non-amortizing intangible assets represent brands, trademarks, and carbon credit purchases that are held and applied to settle environmental credit obligations within compliance periods. As of May 31, 2026 and May 25, 2025, we held $1.6 million and zero, respectively, of carbon credits to be applied in future periods.
Schedule of Intangible Asset, Finite-Lived, Amortization Expense
Based on current intangible assets subject to amortization, we expect intangible asset amortization expense, excluding developed technology, will be approximately:
(in millions)Amortization
2027$8.4 
20288.3 
20298.3 
20307.9 
20317.5 
Thereafter48.3 
$88.7