Note 7 - Derivative Financial Instruments (Tables)

6 Months Ended

Nov. 26, 2023

Notes Tables

Derivative Instruments, Gain (Loss) [Table Text Block]

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	November 26, 2023			November 27, 2022			November 26, 2023			November 27, 2022
Gross derivative gains (losses) incurred	$	(10.0	)	$	5.2		$	9.5		$	14.7
Less: Net derivative gains (losses) allocated to reporting segments		1.2			7.6			(6.9	)		16.6
Net derivative gains (losses) recognized in general corporate expenses	$	(11.2	)	$	(2.4	)	$	16.4		$	(1.9	)
Net derivative gains (losses) allocated to Grocery & Snacks	$	0.7		$	2.5		$	(3.2	)	$	7.5
Net derivative gains (losses) allocated to Refrigerated & Frozen		2.1			4.3			(0.2	)		7.6
Net derivative gains (losses) allocated to International		(2.0	)		0.6			(3.6	)		0.7
Net derivative gains allocated to Foodservice		0.4			0.2			0.1			0.8
Net derivative gains (losses) included in segment operating profit	$	1.2		$	7.6		$	(6.9	)	$	16.6

Derivatives Not Designated as Hedging Instruments [Table Text Block]

	Location in Condensed Consolidated	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Thirteen Weeks Ended
Derivatives Not Designated as Hedging Instruments	Statements of Earnings of Gains (Losses) Recognized on Derivatives	November 26, 2023			November 27, 2022
Commodity contracts	Cost of goods sold	$	(10.9	)	$	3.7
Foreign exchange contracts	Cost of goods sold		0.9			1.6
Total gains from derivative instruments not designated as hedging instruments		$	(10.0	)	$	5.3

	Location in Condensed Consolidated	Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Twenty-Six Weeks Ended
Derivatives Not Designated as Hedging Instruments	Statements of Earnings of Gains (Losses) Recognized on Derivatives	November 26, 2023			November 27, 2022
Commodity contracts	Cost of goods sold	$	11.6		$	10.0
Foreign exchange contracts	Cost of goods sold		(2.1	)		4.8
Total gains from derivative instruments not designated as hedging instruments		$	9.5		$	14.8