FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Nov. 28, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our financial instruments measured at fair value on a recurring basis for which, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 28, 2021:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	3.1	$	3.2	$	—	$	6.3
Marketable securities		6.7		—		—		6.7
Deferred compensation assets		8.7		—		—		8.7
Available-for-sale debt securities		—		—		7.2		7.2
Total assets	$	18.5	$	3.2	$	7.2	$	28.9
Liabilities:
Deferred compensation liabilities		86.4		—		—		86.4
Total liabilities	$	86.4	$	—	$	—	$	86.4

The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 30, 2021:

	Level 1		Level 2		Level 3		Net Value
Assets:
Derivative assets	$	13.0	$	2.5	$	—	$	15.5
Marketable securities		6.6		—		—		6.6
Deferred compensation assets		8.8		—		—		8.8
Total assets	$	28.4	$	2.5	$	—	$	30.9
Liabilities:
Derivative liabilities	$	—	$	6.9	$	—	$	6.9
Deferred compensation liabilities		81.0		—		—		81.0
Total liabilities	$	81.0	$	6.9	$	—	$	87.9