LONG-TERM DEBT (Tables)

12 Months Ended

May 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

	May 30, 2021			May 31, 2020
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
1.375% senior debt due November 2027		1,000.0			—
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
3.2% senior debt due January 2023		437.0			837.0
3.25% senior debt due September 2022		250.0			250.0
3.8% senior debt due October 2021		—			1,200.0
9.75% subordinated debt due March 2021		—			195.9
LIBOR plus 0.50% senior debt due October 2020		—			500.0
4.95% senior debt due August 2020		—			126.6
0.45% to 9.59% lease financing obligations due on various dates through 2035		139.1			155.1
Other indebtedness		0.1			0.1
Total face value of debt		8,348.2			9,786.7
Unamortized fair value adjustment		19.9			21.2
Unamortized discounts		(25.8	)		(17.2	)
Unamortized debt issuance costs		(44.0	)		(44.6	)
Adjustment due to hedging activity		—			0.2
Less current installments		(23.1	)		(845.5	)
Total long-term debt	$	8,275.2		$	8,900.8

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 30, 2021, are as follows:

2022	$	23.1
2023		706.8
2024		1,015.8
2025		14.3
2026		1,020.8

Schedule of Net Interest Expense

Net interest expense consists of:

	2021			2020			2019
Long-term debt	$	430.0		$	495.9		$	385.9
Short-term debt		2.5			0.9			15.0
Interest income		(1.9	)		(3.1	)		(6.8	)
Interest capitalized		(10.2	)		(6.6	)		(2.7	)
	$	420.4		$	487.1		$	391.4