Debt Instrument, Covenants, Funded Debt to EBITDA

No definition available.

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- Definition

Debt Instrument, Required Minimum Ratio of Earnings Before Interest, Taxes, Depreciation and Amortization to Interest Expense

+ References

No definition available.

+ Details

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- Definition

Debt Instrument, Term, Extension Period

+ References

No definition available.

+ Details

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- Definition

Line Of Credit Facility, Maximum Borrowing Capacity After Increase With Consent Of Lenders

+ References

No definition available.

+ Details

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(16))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

+ Details

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Period Type:	instant

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

+ Details

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Balance Type:	credit
Period Type:	instant

- Definition

Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(1))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(13))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

+ Details

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Balance Type:	credit
Period Type:	instant

- Definition

Weighted average interest rate of short-term debt outstanding calculated at point in time.

+ References

+ Details

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- Details

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- Details

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- Details

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- Details

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CREDIT FACILITIES AND BORROWINGS (Details) - USD ($)	12 Months Ended
CREDIT FACILITIES AND BORROWINGS (Details) - USD ($)	May 30, 2021	Nov. 27, 2022	Jul. 13, 2021	May 31, 2020
Line of Credit Facility [Line Items]
Required minimum ratio of EBITDA to interest expense	3.00%
Ratio of funded debt to EBITDA (maximum)	4.75%
Outstanding under commercial paper program	$ 707,400,000			$ 1,100,000
Commercial paper program
Line of Credit Facility [Line Items]
Outstanding under commercial paper program	$ 705,700,000			$ 0
Average interest rate	0.36%
Subsequent Event
Line of Credit Facility [Line Items]
Ratio of funded debt to EBITDA (maximum)			4.50%
Scenario, Forecast
Line of Credit Facility [Line Items]
Ratio of funded debt to EBITDA (maximum)		3.75%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 1,600,000,000
Maximum additional borrowing capacity	2,100,000,000
Outstanding borrowings under revolving credit facility	$ 0
Minimum \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Duration of additional extension terms available for credit facility	1 year
Maximum \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Duration of additional extension terms available for credit facility	2 years