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LEASES | 12 Months Ended
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May 26, 2019
Leases [Abstract] |
LEASES | LEASES We lease certain facilities, land, and transportation equipment under agreements that expire at various dates. Rent expense under all operating leases from continuing operations was $83.5 million, $62.5 million, and $71.2 million in fiscal 2019, 2018, and 2017, respectively. These amounts are inclusive of certain charges recognized at the cease-use date for remaining lease payments associated with exited properties. A summary of non-cancellable operating lease commitments for fiscal years following May 26, 2019, was as follows:
2020 | $ | 52.1 |
2021 | 48.4 |
2022 | 38.0 |
2023 | 34.1 |
2024 | 25.6 |
Later years | 114.4 |
| $ | 312.6 |
At May 26, 2019 and May 27, 2018, assets under capital and financing leases totaling $157.1 million, net of accumulated depreciation of $37.6 million, and $82.9 million, net of $32.1 million of accumulated depreciation, respectively, were included in Property, plant and equipment. Charges resulting from the depreciation of assets held under capital and financing leases are recognized within depreciation expense in the Consolidated Statements of Operations. Non-cash issuances of capital and financing lease obligations totaling $23.5 million, $1.3 million, and $0.5 million, are excluded from cash flows from investing and financing activities on the Consolidated Statements of Cash Flows for fiscal 2019, 2018, and 2017, respectively.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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