v3.26.3
Fair Value Measurements (Policy)
 3 Months Ended
Aug. 29, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurement
The
Company
is required
to
categorize
both
financial
and
nonfinancial
assets
and
liabilities
based
on the
following fair value
hierarchy.
The
fair
value
of
an
asset
is the
price at
which the
asset
could
be
sold in an
orderly transaction
between
unrelated,
knowledgeable,
and
willing
parties able
to engage
in the transaction.
A liability’s fair value is defined
as the
amount
that
would
be
paid
to
transfer
the
liability to
a
new obligor in
a
transaction
between
such
parties,
not
the
amount
that
would be
paid
to
settle the liability
with the
creditor.
•
Level 1
- Quoted
prices in
active
markets
for identical
assets
or liabilities
•
Level
2
- Inputs
other
than
quoted
prices included
in Level
1 that
are
observable
for
the
asset
or liability,
either
directly or
indirectly,
including:
◦
quoted
prices for similar assets
or liabilities in
active
markets
◦
quoted
prices for identical or similar
assets
in non-active
markets
◦
inputs other
than
quoted
prices that
are observable
for the
asset
or liability,
and
◦
inputs derived
principally
from
or corroborated
by other
observable
market
data
•
Level 3
- Unobservable
inputs for
the asset
or liability that
are supported
by little
or no market
activity and
that are
significant
to the
fair value
of the
assets
or liabilities