XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.22.2

Note 3 - Long-term Debt (Tables) | 12 Months Ended
--- | ---
May 29, 2022
Notes Tables |
Schedule of Long-Term Debt Instruments [Table Text Block] |
|  | May 29, 2022 |  |  | May 30, 2021 |
5.4% senior debt due November 2048 |  | $ | 1,000.0 |  |  | $ | 1,000.0 |
4.65% senior debt due January 2043 |  |  | 176.7 |  |  |  | 176.7 |
6.625% senior debt due August 2039 |  |  | 91.4 |  |  |  | 91.4 |
5.3% senior debt due November 2038 |  |  | 1,000.0 |  |  |  | 1,000.0 |
8.25% senior debt due September 2030 |  |  | 300.0 |  |  |  | 300.0 |
4.85% senior debt due November 2028 |  |  | 1,300.0 |  |  |  | 1,300.0 |
7.0% senior debt due October 2028 |  |  | 382.2 |  |  |  | 382.2 |
1.375% senior debt due November 2027 |  |  | 1,000.0 |  |  |  | 1,000.0 |
6.7% senior debt due August 2027 |  |  | 9.2 |  |  |  | 9.2 |
7.125% senior debt due October 2026 |  |  | 262.5 |  |  |  | 262.5 |
4.6% senior debt due November 2025 |  |  | 1,000.0 |  |  |  | 1,000.0 |
4.3% senior debt due May 2024 |  |  | 1,000.0 |  |  |  | 1,000.0 |
0.5% senior debt due August 2023 |  |  | 500.0 |  |  |  | — |
3.2% senior debt due January 2023 |  |  | 437.0 |  |  |  | 437.0 |
3.25% senior debt due September 2022 |  |  | 250.0 |  |  |  | 250.0 |
0.45% to 9.59% lease financing obligations due on various dates through 2036 |  |  | 131.3 |  |  |  | 139.1 |
Other indebtedness |  |  | 0.1 |  |  |  | 0.1 |
Total face value of debt |  |  | 8,840.4 |  |  |  | 8,348.2 |
Unamortized fair value adjustment |  | 19.2 |  |  |  | 19.9 |
Unamortized discounts |  |  | (23.4 | ) |  |  | (25.8 | )
Unamortized debt issuance costs |  |  | (40.7 | ) |  |  | (44.0 | )
Less current installments |  |  | (707.3 | ) |  |  | (23.1 | )
Total long-term debt |  | $ | 8,088.2 |  |  | $ | 8,275.2 |
Schedule of Maturities of Long-Term Debt [Table Text Block] |
2023 |  | $ | 707.6 |
2024 |  |  | 1,517.5 |
2025 |  |  | 14.7 |
2026 |  |  | 1,021.2 |
2027 |  |  | 268.1 |
In the first quarter of fiscal 2022, we issued $500.0 million aggregate principal amount of 0.500% senior notes due August 11, 2023.
Interest Income and Interest Expense Disclosure [Table Text Block] |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Long-term debt |  | $ | 393.1 |  |  | $ | 430.0 |  |  | $ | 495.9 |
Short-term debt |  |  | 2.3 |  |  |  | 2.5 |  |  |  | 0.9 |
Interest income |  |  | (2.1 | ) |  |  | (1.9 | ) |  |  | (3.1 | )
Interest capitalized |  |  | (13.4 | ) |  |  | (10.2 | ) |  |  | (6.6 | )
|  | $ | 379.9 |  |  | $ | 420.4 |  |  | $ | 487.1 |

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration