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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Nov. 28, 2021
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table presents our financial instruments measured at fair value on a recurring basis for which, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 28, 2021:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Net Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 3.1 |  |  | $ | 3.2 |  |  | $ | — |  |  | $ | 6.3 |
Marketable securities |  |  | 6.7 |  |  |  | — |  |  |  | — |  |  |  | 6.7 |
Deferred compensation assets |  |  | 8.7 |  |  |  | — |  |  |  | — |  |  |  | 8.7 |
Available-for-sale debt securities |  |  | — |  |  |  | — |  |  |  | 7.2 |  |  |  | 7.2 |
Total assets |  | $ | 18.5 |  |  | $ | 3.2 |  |  | $ | 7.2 |  |  | $ | 28.9 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation liabilities |  |  | 86.4 |  |  |  | — |  |  |  | — |  |  |  | 86.4 |
Total liabilities |  | $ | 86.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 86.4 |
The following table presents our financial assets and liabilities measured at fair value on a recurring basis, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 30, 2021:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Net Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 13.0 |  |  | $ | 2.5 |  |  | $ | — |  |  | $ | 15.5 |
Marketable securities |  |  | 6.6 |  |  |  | — |  |  |  | — |  |  |  | 6.6 |
Deferred compensation assets |  |  | 8.8 |  |  |  | — |  |  |  | — |  |  |  | 8.8 |
Total assets |  | $ | 28.4 |  |  | $ | 2.5 |  |  | $ | — |  |  | $ | 30.9 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | — |  |  | $ | 6.9 |  |  | $ | — |  |  | $ | 6.9 |
Deferred compensation liabilities |  |  | 81.0 |  |  |  | — |  |  |  | — |  |  |  | 81.0 |
Total liabilities |  | $ | 81.0 |  |  | $ | 6.9 |  |  | $ | — |  |  | $ | 87.9 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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