Cash and cash equivalents totaled $178.6 million at August 29, 2026 and $167.7 million at May 30, 2026. Certain of the Company’s subsidiaries participate in a notional cash pooling arrangement to manage global liquidity. Under the arrangement, participating accounts are maintained with the same financial institution and balances are subject to a master netting agreement that permits offsetting of cash balances and overdraft positions. Because the Company has the legal right, ability and intent to offset participating account balances, cash balances and overdraft positions are presented on a net basis. The resulting net cash pool position is included in Cash and cash equivalents in the accompanying Condensed Consolidated Balance Sheets.


(In millions)	August 29, 2026		May 30, 2026
Gross cash position	$	133.3	$	131.9
Less: cash overdrafts under the pooling arrangement	(132.7)		(131.2)
Net cash position	$	0.6	$	0.7