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Note 13 - Pre-tax Income and Income Taxes - Schedule of the Tax Effect of Temporary Differences and Carryforwards (Details) - USD ($)
$ in Millions
May 29, 2022
May 30, 2021
Property, plant and equipment $ 327.2 $ 281.7
Inventory 30.5 19.5
Goodwill, trademarks and other intangible assets 405.8 0.0
Goodwill, trademarks and other intangible assets 1,066.6 1,118.4
Right-of-use assets 47.9 45.5
Accrued expenses 12.7 12.0
Compensation related liabilities 29.3 36.5
Pension and other postretirement benefits 0.0 0.0
Pension and other postretirement benefits 25.1 9.8
Investment in unconsolidated subsidiaries 9.4 2.6
Lease liabilities 56.1 54.4
Other liabilities that will give rise to future tax deductions 73.2 96.2
Net capital and operating loss carryforwards 46.4 53.8
Federal credits 12.0 16.1
Other 32.0 33.9
Other 38.6 33.1
Deferred Tax Assets, Gross, Total 698.0 322.4
Deferred Tax Liabilities, Gross, Total 1,514.8 1,491.1
Less: Valuation allowance (455.5) (67.5)
Net deferred taxes 242.5 254.9
Net deferred taxes $ 1,514.8 $ 1,491.1