DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

May 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities and Amounts Representing Right to Reclaim or Obligation to Return Cash Collateral

Derivative assets and liabilities and amounts representing a right to reclaim cash collateral or obligation to return cash collateral were reflected in our Consolidated Balance Sheets as follows:

	May 30, 2021		May 31, 2020
Prepaid expenses and other current assets	$	15.5	$	8.0
Other accrued liabilities		6.9		0.4

Schedule of Derivative Assets and Liabilities on a Gross Basis

The following table presents our derivative assets and liabilities at May 30, 2021, on a gross basis, prior to the setoff of $7.4 million to total derivative assets and $5.4 million to total derivative liabilities where legal right of setoff existed:

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity contracts	Prepaid expenses and other current assets	$	22.9	Other accrued liabilities	$	5.4
Foreign exchange contracts	Prepaid expenses and other current assets		—	Other accrued liabilities		6.9
Total derivatives not designated as    hedging instruments		$	22.9		$	12.3

The following table presents our derivative assets and liabilities, at May 31, 2020, on a gross basis, prior to the setoff of $0.4 million to total derivative assets and $1.5 million to total derivative liabilities where legal right of setoff existed:

	Derivative Assets			Derivative Liabilities
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity contracts	Prepaid expenses and other current assets	$	3.3	Other accrued liabilities	$	1.9
Foreign exchange contracts	Prepaid expenses and other current assets		5.1	Other accrued liabilities		—
Total derivatives not designated as    hedging instruments		$	8.4		$	1.9

Schedule of Location and Amount of Gains (Losses) from Derivatives Not Designated as Hedging Instruments

The location and amount of gains (losses) from derivatives not designated as hedging instruments in our Consolidated Statements of Earnings were as follows:

	For the Fiscal Year Ended May 30, 2021
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives	Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Cost of goods sold	$	26.6
Foreign exchange contracts	Cost of goods sold		(17.1	)
Total gains from derivative instruments not    designated as hedging instruments		$	9.5

	For the Fiscal Year Ended May 31, 2020
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives	Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Cost of goods sold	$	(18.4	)
Foreign exchange contracts	Cost of goods sold		5.5
Total losses from derivative instruments not    designated as hedging instruments		$	(12.9	)

	For the Fiscal Year Ended May 26, 2019
Derivatives Not Designated as Hedging Instruments	Location in Consolidated Statement of Earnings of Gains (Losses) Recognized on Derivatives	Amount of Gains (Losses) Recognized on Derivatives in Consolidated Statement of Earnings
Commodity contracts	Cost of goods sold	$	(5.3	)
Foreign exchange contracts	Cost of goods sold		1.7
Total losses from derivative instruments not    designated as hedging instruments		$	(3.6	)