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INVESTMENTS IN JOINT VENTURES (Tables)
12 Months Ended
May 30, 2021
Equity Method Investments And Joint Ventures [Abstract]  
Summary of Combined Financial Information

Summarized combined financial information for our equity method investments on a 100% basis is as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Ardent Mills

 

$

3,407.6

 

 

$

3,393.9

 

 

$

3,476.0

 

Other

 

 

238.8

 

 

 

225.0

 

 

 

195.4

 

Total net sales

 

$

3,646.4

 

 

$

3,618.9

 

 

$

3,671.4

 

Gross margin:

 

 

 

 

 

 

 

 

 

 

 

 

Ardent Mills

 

$

360.6

 

 

$

313.1

 

 

$

281.9

 

Other

 

 

47.3

 

 

 

49.4

 

 

 

45.5

 

Total gross margin

 

$

407.9

 

 

$

362.5

 

 

$

327.4

 

Earnings after income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

Ardent Mills

 

$

169.6

 

 

$

144.5

 

 

$

151.9

 

Other

 

 

19.5

 

 

 

19.3

 

 

 

18.1

 

Total earnings after income taxes

 

$

189.1

 

 

$

163.8

 

 

$

170.0

 

 

 

 

 

May 30,

2021

 

 

May 31,

2020

 

Ardent Mills:

 

 

 

 

 

 

 

 

Current assets

 

$

1,101.5

 

 

$

1,010.6

 

Noncurrent assets

 

 

1,848.2

 

 

 

1,720.2

 

Current liabilities

 

 

524.1

 

 

 

454.8

 

Noncurrent liabilities

 

 

563.0

 

 

 

503.4

 

Other:

 

 

 

 

 

 

 

 

Current assets

 

$

95.0

 

 

$

87.1

 

Noncurrent assets

 

 

36.8

 

 

 

24.5

 

Current liabilities

 

 

39.9

 

 

 

44.1

 

Noncurrent liabilities

 

 

10.6

 

 

 

8.3