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Income Taxes
 6 Months Ended
Nov. 27, 2022
Income Taxes [Abstract]  
Income Taxes
(15) Income Taxes
During
 
the
 
first
 
quarter
 
of
 
fiscal
 
2023,
 
the
 
Inflation
 
Reduction
 
Act
 
(IRA)
 
was
 
signed
 
into
 
law.
 
The
 
IRA
 
introduces
 
a
 
Corporate
Alternative Minimum Tax
 
beginning in our fiscal 2024
 
and an excise tax on the
 
repurchase of corporate
 
stock starting after January
 
1,
2023. We
 
do not
 
currently expect the
 
IRA to have
 
a material impact
 
on our financial
 
results, including our
 
annual estimated effective
tax
 
rate,
 
or
 
on
 
our
 
liquidity.
 
We
 
will
 
continue
 
to
 
monitor
 
and
 
assess
 
the
 
impact
 
the
 
IRA
 
may
 
have
 
on
 
our
 
business
 
and
 
financial
results.
During fiscal
 
2022, the
 
Brazilian tax
 
authority,
 
Secretaria da
 
Receita Federal
 
do Brasil
 
(RFB), concluded
 
audits of
 
our 2012
 
through
2018
 
tax
 
return
 
years.
 
These
 
audits
 
included
 
a
 
review
 
of
 
our
 
determinations
 
of
 
amortization
 
of
 
certain
 
goodwill
 
arising
 
from
 
the
acquisition of
 
Yoki
 
Alimentos S.A.
 
The RFB
 
has proposed
 
adjustments that
 
effectively
 
eliminate the
 
goodwill amortization
 
benefits
related to this transaction. We
 
believe we have meritorious defenses and intend to continue to contest the disallowance
 
for all years.