Note 3 - Long-term Debt (Tables)

12 Months Ended

May 29, 2022

Notes Tables

Schedule of Long-Term Debt Instruments [Table Text Block]

	May 29, 2022			May 30, 2021
5.4% senior debt due November 2048	$	1,000.0		$	1,000.0
4.65% senior debt due January 2043		176.7			176.7
6.625% senior debt due August 2039		91.4			91.4
5.3% senior debt due November 2038		1,000.0			1,000.0
8.25% senior debt due September 2030		300.0			300.0
4.85% senior debt due November 2028		1,300.0			1,300.0
7.0% senior debt due October 2028		382.2			382.2
1.375% senior debt due November 2027		1,000.0			1,000.0
6.7% senior debt due August 2027		9.2			9.2
7.125% senior debt due October 2026		262.5			262.5
4.6% senior debt due November 2025		1,000.0			1,000.0
4.3% senior debt due May 2024		1,000.0			1,000.0
0.5% senior debt due August 2023		500.0			—
3.2% senior debt due January 2023		437.0			437.0
3.25% senior debt due September 2022		250.0			250.0
0.45% to 9.59% lease financing obligations due on various dates through 2036		131.3			139.1
Other indebtedness		0.1			0.1
Total face value of debt		8,840.4			8,348.2
Unamortized fair value adjustment	19.2				19.9
Unamortized discounts		(23.4	)		(25.8	)
Unamortized debt issuance costs		(40.7	)		(44.0	)
Less current installments		(707.3	)		(23.1	)
Total long-term debt	$	8,088.2		$	8,275.2

Schedule of Maturities of Long-Term Debt [Table Text Block]

2023	$	707.6
2024		1,517.5
2025		14.7
2026		1,021.2
2027		268.1

   In the first quarter of fiscal 2022, we issued $500.0 million aggregate principal amount of 0.500% senior notes due August 11, 2023.

Interest Income and Interest Expense Disclosure [Table Text Block]

	2022			2021			2020
Long-term debt	$	393.1		$	430.0		$	495.9
Short-term debt		2.3			2.5			0.9
Interest income		(2.1	)		(1.9	)		(3.1	)
Interest capitalized		(13.4	)		(10.2	)		(6.6	)
	$	379.9		$	420.4		$	487.1