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Other (Expense) Income, Net (Tables) | 6 Months Ended
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Jun. 01, 2025
Other Income and Expenses [Abstract] |
Schedule of other nonoperating income (expense) | The following table summarizes significant components of “Other (expense) income, net”:
| Three Months Ended |  | Six Months Ended
| June 1, 2025 |  | May 26, 2024 |  | June 1, 2025 |  | May 26, 2024
| (Dollars in millions)
Foreign exchange management gains(1) | $ | 40.9 |  |  | $ | 2.9 |  |  | $ | 30.1 |  |  | $ | 2.8 |
Foreign currency transaction losses(2) | (39.6) |  |  | (1.4) |  |  | (37.4) |  |  | (5.4) |
Other, net | 5.0 |  |  | (1.1) |  |  | 9.5 |  |  | 0.7 |
Total other (expense) income, net | $ | 6.3 |  |  | $ | 0.4 |  |  | $ | 2.2 |  |  | $ | (1.9) |
____________ (1)Gains on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. For the three and six months ended June 1, 2025, gains were primarily due to currency fluctuations relative to negotiated contract rates on positions to buy the Euro. (2)Foreign currency transaction gains and losses reflect the impact of currency fluctuations on the Company's foreign currency denominated balances. For the three and six months ended June 1, 2025, losses were primarily due to the impact of U.S. dollar weakening against the Euro.

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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