v3.26.1
OTHER ASSETS (Tables)
 12 Months Ended
May 31, 2026
Other Assets, Noncurrent Disclosure [Abstract]  
Schedule of Components of 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 
_____________________________________________________
(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.
Schedule of Equity Method Investments
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
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