v3.26.3
COST SAVINGS PROGRAM AND RESTRUCTURING (Tables)
3 Months Ended
Aug. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs Costs associated with the Restructuring Plans were as follows:
Thirteen Weeks Ended
(in millions)August 30,
2026
August 24,
2025
Cost Savings Program and Restructuring Plan expenses related to:
Retirement of assets and other plant charges (a)$6.9 $1.8 
Accelerated depreciation (b)21.3 — 
Potato contract terminations (c)(1.3)— 
Inventory write-off (c)0.1 — 
Employee-related costs (d)2.3 8.1 
Professional services and other (e)4.9 22.0 
$34.2 $31.9 
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(a)Includes charges related to the write-off of assets at permanently closed production facilities under the Restructuring Plans, impairments of certain non-core assets, and plant charges.
(b)Includes accelerated depreciation related to the announced closure of our manufacturing facility in Broekhuizenvorst, the Netherlands. The facility is expected to operate and produce product through mid-second quarter fiscal 2027.
(c)Primarily reflects the reversal of previously recognized contract termination charges for raw potatoes that we ultimately took delivery of and used in production due to higher-than-expected demand, partially offset by write-offs of inventories, including spare parts, related to the production curtailment under the Restructuring Plans.
(d)Includes employee severance and other one-time termination benefits related to reductions in headcount.
(e)Consists primarily of third-party consulting fees.
The following amounts are included in the Company’s Consolidated Statements of Earnings:
Thirteen Weeks Ended
(in millions)August 30,
2026
August 24,
2025
Cost Savings Program and Restructuring Plan expenses included in:
Cost of sales$20.1 $(0.4)
Cost Savings Program and Restructuring expenses14.1 32.3 
$34.2 $31.9 
The following is a roll-forward of accrued restructuring liabilities related to the Restructuring Plans:
(in millions)
Accrued restructuring liability, May 31, 2026$8.0 
Additions10.1 
Payments(8.6)
Accrued restructuring liability, August 30, 2026$9.5