LEASES (Tables)

12 Months Ended

May 30, 2021

Leases [Abstract]

Schedule of Operating and Finance Leases Reported in Balance Sheet

Leases reported in our Consolidated Balance Sheet were as follows:

	Operating Leases
	Balance Sheet Location	May 30, 2021		May 31, 2020
ROU assets, net	Other assets	$	188.5	$	209.3
Lease liabilities (current)	Other accrued liabilities		36.6		44.4
Lease liabilities (noncurrent)	Other noncurrent liabilities		188.3		206.1

	Finance Leases
	Balance Sheet Location	May 30, 2021			May 31, 2020
ROU assets, at cost	Property, plant and equipment	$	217.6		$	220.4
Less accumulated depreciation	Less accumulated depreciation		(60.2	)		(53.6	)
ROU assets, net	Property, plant and equipment, net		157.4			166.8
Lease liabilities (current)	Current installments of long-term debt		23.1			22.2
Lease liabilities (noncurrent)	Senior long-term debt, excluding current installments		116.0			132.9

Components of Total Lease Cost

The components of total lease cost were as follows:

	2021		2020
Operating lease cost	$	51.0	$	63.7
Finance lease cost
Depreciation of leased assets		19.0		15.4
Interest on lease liabilities		8.2		9.1
Short-term lease cost		5.1		3.8
Total lease cost	$	83.3	$	92.0

Schedule of Weighted-Average Remaining Lease Terms and Weighted-Average Discount Rate for Leases

The weighted-average remaining lease terms and weighted-average discount rate for our leases as of May 30, 2021 and May 31, 2020 were as follows:

	Operating Leases						Finance Leases
	2021			2020			2021			2020
Weighted-average remaining lease term (in years)		8.1			8.5			7.7			8.0
Weighted-average discount rate		3.51	%		3.61	%		4.95	%		5.29	%

Schedule of Cash Flows Arising from Lease Transactions

Cash flows arising from lease transactions were as follows:

	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	56.0	$	59.5
Operating cash outflows from finance leases		8.3		9.2
Financing cash outflows from finance leases		24.3		22.5
ROU assets obtained in exchange for new lease liabilities:
Operating leases		21.1		41.6
Finance leases		26.1		12.2

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year as of May 30, 2021 were as follows:

	Operating Leases			Finance Leases			Total
2022	$	46.5		$	28.5		$	75.0
2023		41.2			25.3			66.5
2024		32.4			20.4			52.8
2025		24.4			18.3			42.7
2026		20.9			15.0			35.9
Later years		102.8			63.9			166.7
Total lease payments		268.2			171.4			439.6
Less: Imputed interest		(43.3	)		(32.3	)		(75.6	)
Total lease liabilities	$	224.9		$	139.1		$	364.0