XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
May 28, 2023
Notes Tables |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | Balance at Beginning of Period |  |  | Additions Charged to Costs and Expenses |  |  | Other1 |  |  | Deductions from Reserves2 |  |  | Balance at Close of Period |
Year ended May 28, 2023 |  | $ | 3.9 |  |  |  | 0.1 |  |  |  | (0.1 | ) |  |  | 0.1 |  |  | $ | 3.8 |
Year ended May 29, 2022 |  | $ | 3.2 |  |  |  | 1.4 |  |  |  | — |  |  |  | 0.7 |  |  | $ | 3.9 |
Year ended May 30, 2021 |  | $ | 2.6 |  |  |  | 0.6 |  |  |  | 0.7 |  |  |  | 0.7 |  |  | $ | 3.2 |
Property, Plant and Equipment [Table Text Block] |
|  | Years |
Land improvements |  |  | 1 - 40 |
Buildings |  |  | 15 - 40 |
Machinery and equipment |  |  | 3 - 20 |
Furniture, fixtures, office equipment and other |  |  | 5 - 15 |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Currency translation losses, net of reclassification adjustments |  | $ | (99.7 | ) |  | $ | (95.1 | ) |  | $ | (77.1 | )
Derivative adjustments, net of reclassification adjustments |  |  | 29.2 |  |  |  | 29.8 |  |  |  | 24.3 |
Pension and postretirement benefit obligations, net of reclassification adjustments |  |  | 26.1 |  |  |  | 54.1 |  |  |  | 58.6 |
Accumulated other comprehensive income (loss) |  | $ | (44.4 | ) |  | $ | (11.2 | ) |  | $ | 5.8 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Affected Line Item in the Consolidated Statement of Earnings1
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  |
Net derivative adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedges |  | $ | (3.3 | ) |  | $ | (3.1 | ) |  | $ | (3.2 | ) |  | Interest expense, net
Cash flow hedges |  |  | — |  |  |  | — |  |  |  | (0.5 | ) |  | Selling, general and administrative expenses
Cash flow hedges |  |  | (1.6 | ) |  |  | 1.8 |  |  |  | 2.1 |  |  | Equity method investment earnings
|  |  | (4.9 | ) |  |  | (1.3 | ) |  |  | (1.6 | ) |  | Total before tax
|  |  | 1.2 |  |  |  | 0.4 |  |  |  | 1.0 |  |  | Income tax expense
|  | $ | (3.7 | ) |  | $ | (0.9 | ) |  | $ | (0.6 | ) |  | Net of tax
Amortization of pension and postretirement benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net prior service cost (benefit) |  | $ | (0.1 | ) |  | $ | 0.1 |  |  | $ | 0.2 |  |  | Pension and postretirement non-service income
Net actuarial gain |  |  | (4.4 | ) |  |  | (3.6 | ) |  |  | (3.5 | ) |  | Pension and postretirement non-service income
Postretirement healthcare settlement |  |  | — |  |  |  | — |  |  |  | (0.5 | ) |  | Pension and postretirement non-service income
Curtailment |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  | Pension and postretirement non-service income
|  |  | (4.5 | ) |  |  | (3.5 | ) |  |  | (3.6 | ) |  | Total before tax
|  |  | 1.3 |  |  |  | 1.0 |  |  |  | 0.9 |  |  | Income tax expense
|  | $ | (3.2 | ) |  | $ | (2.5 | ) |  | $ | (2.7 | ) |  | Net of tax

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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