Additional Financial Information

6 Months Ended

Nov. 28, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Information

The components of lease assets and liabilities on the consolidated balance sheet are as follows:


(in millions)	Balance Sheet Classification	November 28, 2021		May 30, 2021
Operating lease right-of-use assets	Operating lease right-of-use assets	$	3,599.7	$	3,776.4
Finance lease right-of-use assets	Land, buildings and equipment, net	655.7		405.6
Total lease assets, net		$	4,255.4	$	4,182.0

Operating lease liabilities - current	Other current liabilities	$	177.9	$	176.8
Finance lease liabilities - current	Other current liabilities	10.7		7.3
Operating lease liabilities - non-current	Operating lease liabilities - non-current	3,904.4		4,088.5
Finance lease liabilities - non-current	Other liabilities	818.3		555.3
Total lease liabilities		$	4,911.3	$	4,827.9

Supplemental Cash Flow Information


Cash paid for interest and income taxes are as follows:	Six Months Ended
(in millions)	November 28, 2021		November 29, 2020
Interest, net of amounts capitalized	$	30.3	$	31.4
Income taxes, net of refunds	58.0		12.6


Non-cash investing and financing activities are as follows:	Six Months Ended
(in millions)	November 28, 2021		November 29, 2020
Increase in land, buildings and equipment through accrued purchases	$	43.2	$	33.9
Right-of-use assets obtained in exchange for new operating lease liabilities	3.6		20.1
Right-of-use assets obtained in exchange for new finance lease liabilities	92.9		18.4
Net change in right-of-use assets due to lease modifications resulting in reclassification of leases from operating to finance	108.3		71.3

We have restricted cash, of $51.5 million and $0 as of November 28, 2021 and May 30, 2021, respectively, which represents cash held as security for a standby letter of credit. Restricted cash is included in Prepaid Expenses and Other Current Assets on the balance sheet. See Note 11, Commitments and Contingencies.