XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 3 - Long-term Debt (Tables) | 12 Months Ended
--- | ---
May 28, 2023
Notes Tables |
Schedule of Long-Term Debt Instruments [Table Text Block] |
|  | May 28, 2023 |  |  | May 29, 2022 |
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 |
SOFR plus 1.35% term loan due August 2025 |  |  | 500.0 |  |  |  | — |
4.3% senior debt due May 2024 |  |  | 1,000.0 |  |  |  | 1,000.0 |
0.5% senior debt due August 2023 |  |  | 500.0 |  |  |  | 500.0 |
3.2% senior debt due January 2023 |  |  | — |  |  |  | 437.0 |
3.25% senior debt due September 2022 |  |  | — |  |  |  | 250.0 |
0.79% to 9.59% lease financing obligations due on various dates through 2036 |  |  | 112.6 |  |  |  | 131.3 |
Other indebtedness |  |  | 0.1 |  |  |  | 0.1 |
Total face value of debt |  |  | 8,634.7 |  |  |  | 8,840.4 |
Unamortized fair value adjustment |  | 18.5 |  |  |  | 19.2 |
Unamortized discounts |  |  | (20.1 | ) |  |  | (23.4 | )
Unamortized debt issuance costs |  |  | (35.8 | ) |  |  | (40.7 | )
Less current installments |  |  | (1,516.0 | ) |  |  | (707.3 | )
Total long-term debt |  | $ | 7,081.3 |  |  | $ | 8,088.2 |
Schedule of Maturities of Long-Term Debt [Table Text Block] |
2024 |  | $ | 1,517.4 |
2025 |  |  | 14.5 |
2026 |  |  | 1,512.0 |
2027 |  |  | 277.4 |
2028 |  |  | 1,015.3 |
Interest Income and Interest Expense Disclosure [Table Text Block] |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Long-term debt |  | $ | 402.1 |  |  | $ | 393.1 |  |  | $ | 430.0 |
Short-term debt |  |  | 18.8 |  |  |  | 2.3 |  |  |  | 2.5 |
Interest income |  |  | (3.9 | ) |  |  | (2.1 | ) |  |  | (1.9 | )
Interest capitalized |  |  | (7.4 | ) |  |  | (13.4 | ) |  |  | (10.2 | )
|  | $ | 409.6 |  |  | $ | 379.9 |  |  | $ | 420.4 |

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://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + 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