SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Aug. 30, 2020

Accounting Policies [Abstract]

Schedule of Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax

The following table details the accumulated balances for each component of other comprehensive income, net of tax:

	August 30, 2020			May 31, 2020
Currency translation losses, net of reclassification adjustments	$	(110.4	)	$	(125.7	)
Derivative adjustments, net of reclassification adjustments		25.1			26.3
Pension and postretirement benefit obligations, net of reclassification adjustments		(10.5	)		(10.2	)
Accumulated other comprehensive loss	$	(95.8	)	$	(109.6	)

Summary of Reclassifications

The following table summarizes the reclassifications from accumulated other comprehensive loss into income:

	Thirteen weeks ended						Affected Line Item in the Condensed Consolidated Statement of Earnings1
	August 30, 2020			August 25, 2019
Net derivative adjustments:
Cash flow hedges	$	(0.9	)	$	(0.8	)	Interest expense, net
		(0.9	)		(0.8	)	Total before tax
		0.2			0.2		Income tax expense
	$	(0.7	)	$	(0.6	)	Net of tax
Pension and postretirement liabilities:
Net prior service cost	$	0.1		$	0.2		Pension and postretirement non-service income
Net actuarial gain		(0.9	)		(1.2	)	Pension and postretirement non-service income
Curtailment		—			0.6		Pension and postretirement non-service income
		(0.8	)		(0.4	)	Total before tax
		0.2			0.1		Income tax expense
	$	(0.6	)	$	(0.3	)	Net of tax

¹Amounts in parentheses indicate income recognized in the Condensed Consolidated Statements of Earnings.