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Note 6 - Investments in Joint Ventures (Tables) | 12 Months Ended
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May 28, 2023
Notes Tables |
Equity Method Investments [Table Text Block] |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Ardent Mills |  | $ | 5,239.9 |  |  | $ | 4,258.5 |  |  | $ | 3,407.6 |
Other |  |  | 283.3 |  |  |  | 253.2 |  |  |  | 238.8 |
Total net sales |  | $ | 5,523.2 |  |  | $ | 4,511.7 |  |  | $ | 3,646.4 |
Gross margin: |  |  |  |  |  |  |  |  |  |  |  |
Ardent Mills |  | $ | 745.4 |  |  | $ | 516.5 |  |  | $ | 360.6 |
Other |  |  | 59.4 |  |  |  | 54.8 |  |  |  | 47.3 |
Total gross margin |  | $ | 804.8 |  |  | $ | 571.3 |  |  | $ | 407.9 |
Earnings after income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Ardent Mills |  | $ | 453.2 |  |  | $ | 306.2 |  |  | $ | 169.6 |
Other |  |  | 22.3 |  |  |  | 21.1 |  |  |  | 19.5 |
Total earnings after income taxes |  | $ | 475.5 |  |  | $ | 327.3 |  |  | $ | 189.1 |
|  | May 28, 2023 |  |  | May 29, 2022 |
Ardent Mills: |  |  |  |  |  |  |  |
Current assets |  | $ | 1,716.8 |  |  | $ | 1,470.1 |
Noncurrent assets |  |  | 1,840.5 |  |  |  | 1,875.9 |
Current liabilities |  |  | 750.3 |  |  |  | 720.5 |
Noncurrent liabilities |  |  | 556.9 |  |  |  | 567.7 |
Other: |  |  |  |  |  |  |  |
Current assets |  | $ | 131.4 |  |  | $ | 103.4 |
Noncurrent assets |  |  | 42.6 |  |  |  | 38.2 |
Current liabilities |  |  | 46.7 |  |  |  | 35.1 |
Noncurrent liabilities |  |  | 9.0 |  |  |  | 10.7 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
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