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Other (Expense) Income, Net | 6 Months Ended
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Jun. 01, 2025
Other Income and Expenses [Abstract] |
OTHER (EXPENSE) INCOME, NET | OTHER (EXPENSE) INCOME, NET 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 The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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