LONG-TERM DEBT (Tables)

12 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

	May 31, 2020			May 26, 2019
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
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
LIBOR plus 1.50% term loan due October 2023		—			200.0
3.2% senior debt due January 2023		837.0			837.0
3.25% senior debt due September 2022		250.0			250.0
LIBOR plus 1.375% term loan due October 2021		—			200.0
3.8% senior debt due October 2021		1,200.0			1,200.0
9.75% subordinated debt due March 2021		195.9			195.9
LIBOR plus 0.75% senior debt due October 2020		—			525.0
LIBOR plus 0.50% senior debt due October 2020		500.0			500.0
4.95% senior debt due August 2020		126.6			126.6
2.00% to 9.59% lease financing obligations due on various dates through 2033		155.1			165.4
Other indebtedness		0.1			0.1
Total face value of debt		9,786.7			10,722.0
Unamortized fair value adjustment		21.2			24.5
Unamortized discounts		(17.2	)		(19.0	)
Unamortized debt issuance costs		(44.6	)		(52.1	)
Adjustment due to hedging activity		0.2			0.9
Less current installments		(845.5	)		(20.6	)
Total long-term debt	$	8,900.8		$	10,655.7

Schedule of Aggregate Minimum Principal Maturities of Long-Term Debt

The aggregate minimum principal maturities of the long-term debt for each of the five fiscal years following May 31, 2020, are as follows:

2021	$	844.7
2022		1,221.4
2023		1,105.0
2024		1,015.0
2025		13.8

Schedule of Net Interest Expense

Net interest expense consists of:

	2020			2019			2018
Long-term debt	$	495.9		$	385.9		$	161.2
Short-term debt		0.9			15.0			4.8
Interest income		(3.1	)		(6.8	)		(3.8	)
Interest capitalized		(6.6	)		(2.7	)		(3.5	)
	$	487.1		$	391.4		$	158.7