v3.26.3
SEGMENTS (Tables)
 3 Months Ended
Aug. 30, 2026
Segment Reporting [Abstract]  
Schedule of the Reconciliation of Adjusted EBITDA to Net Income
The following table illustrates reportable segment net sales and Segment Adjusted EBITDA for the thirteen weeks ended August 30, 2026 and August 24, 2025, respectively.
Thirteen Weeks Ended
August 30, 2026August 24, 2025
(in millions)North AmericaInternationalTotalNorth AmericaInternationalTotal
Net sales$1,141.4 $528.9 $1,670.3 $1,084.6 $574.7 $1,659.3 
Less significant segment expenses:
Cost of sales846.1 506.4 807.1 515.2 
Selling, general and administrative expenses74.6 36.9 74.4 39.3 
Other segment items (a)(6.2)— 0.6 — 
Add depreciation and amortization60.4 40.9 57.5 37.0 
Segment Adjusted EBITDA$287.3 $26.5 $313.8 $260.0 $57.2 $317.2 
Unallocated corporate costs (b)(28.2)(15.0)
Depreciation and amortization101.8 96.3 
Unrealized derivative (gains) losses0.7 (4.9)
Foreign currency exchange (gains) losses12.4 (4.7)
Stock-based compensation15.1 10.6 
Items impacting comparability:
Cost Savings Program, Restructuring Plan, and other expenses (c)34.2 31.9 
Legal proceedings and other claims (d)33.0 — 
Shareholder activism expense (e)— 4.0 
Pension settlement (f)— 13.1 
Interest expense, net42.4 43.7 
Income before income taxes46.0 112.2 
Income tax expense16.9 47.9 
Net income$29.1 $64.3 
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(a)Other segment items include (earnings) or loss from equity method investments.
(b)Unallocated corporate costs include costs related to corporate support staff and support services, which include, but are not limited to, our administrative, information technology, human resources, finance, and accounting functions that are not specifically allocated to the segments. In the table, unallocated corporate costs exclude unrealized derivative gains and losses, foreign currency exchange gains and losses, stock-based compensation expense, and other items impacting comparability. These items are added back to reconcile Segment Adjusted EBITDA to net income.
(c)Cost Savings Program, Restructuring Plan, and other expenses relate to costs incurred under the Restructuring Plans. See Note 4, Cost Savings Program and Restructuring, of these Condensed Notes to Consolidated Financial Statements for additional information.
(d)Represents accruals for legal proceedings and other claims as described in Note 14, Commitments, Contingencies, Guarantees and Legal Proceedings, of these Condensed Notes to Consolidated Financial Statements.
(e)Represents advisory fees related to shareholder activism matters.
(f)Represents costs associated with fully funding the Company’s defined benefit pension plan, enabling lump sum payments to participants and transferring the remaining obligations and related plan assets to an insurer through a group annuity contract.