SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Feb. 28, 2021

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:

	February 28, 2021			May 31, 2020
Currency translation losses, net of reclassification adjustments	$	(98.9	)	$	(125.7	)
Derivative adjustments, net of reclassification adjustments		24.9			26.3
Pension and postretirement benefit obligations, net of reclassification adjustments		(11.7	)		(10.2	)
Accumulated other comprehensive loss	$	(85.7	)	$	(109.6	)

Summary of Reclassifications from Accumulated Other Comprehensive Loss into Income

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
	February 28, 2021			February 23, 2020
Net derivative adjustments:
Cash flow hedges	$	(0.8	)	$	(0.9	)	Interest expense, net
		(0.8	)		(0.9	)	Total before tax
		0.2			0.2		Income tax expense
	$	(0.6	)	$	(0.7	)	Net of tax
Pension and postretirement liabilities:
Net prior service cost	$	—		$	0.2		Pension and postretirement non-service income
Net actuarial gain		(0.8	)		(1.1	)	Pension and postretirement non-service income
Curtailment		—			0.2		Pension and postretirement non-service income
Settlement		—			(2.1	)	Pension and postretirement non-service income
		(0.8	)		(2.8	)	Total before tax
		0.2			0.6		Income tax expense
	$	(0.6	)	$	(2.2	)	Net of tax

	Thirty-nine weeks ended						Affected Line Item in the Condensed Consolidated Statement of Earnings1
	February 28, 2021			February 23, 2020
Net derivative adjustment, net of tax:
Cash flow hedges	$	(2.4	)	$	(2.5	)	Interest expense, net
Cash flow hedges		(0.5	)		—		Selling, general and administrative expenses
		(2.9	)		(2.5	)	Total before tax
		0.7			0.6		Income tax expense
	$	(2.2	)	$	(1.9	)	Net of tax
Pension and postretirement liabilities:
Net prior service cost	$	0.2		$	0.5		Pension and postretirement non-service income
Net actuarial gain		(2.6	)		(3.4	)	Pension and postretirement non-service income
Curtailment		—			0.8		Pension and postretirement non-service income
Settlement		—			(2.1	)	Pension and postretirement non-service income
		(2.4	)		(4.2	)	Total before tax
		0.6			1.0		Income tax expense
	$	(1.8	)	$	(3.2	)	Net of tax

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