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RESTRUCTURING ACTIVITIES (Tables) | 12 Months Ended
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May 26, 2024
RESTRUCTURING ACTIVITIES |
Schedule of restructuring plan expenses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Grocery & | ​ | Refrigerated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Snacks |  | & Frozen |  | International |  | Foodservice |  | Corporate |  | Total
Accelerated depreciation | ​ | $ | 49.3 | ​ | $ | 58.8 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 108.1
Other cost of goods sold | ​ | ​ | 14.2 | ​ | ​ | 5.5 | ​ | ​ | 2.4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22.1
Total cost of goods sold | ​ | ​ | 63.5 | ​ | ​ | 64.3 | ​ | ​ | 2.4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 130.2
Severance and related costs | ​ | ​ | 13.5 | ​ | ​ | 3.9 | ​ | ​ | 6.1 | ​ | ​ | 0.3 | ​ | ​ | 9.4 | ​ | ​ | 33.2
Asset impairment (net of gains on disposal) | ​ | ​ | 48.6 | ​ | ​ | 18.6 | ​ | ​ | 14.7 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 81.9
Contract/lease termination | ​ | ​ | (1.0) | ​ | ​ | 0.9 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 0.1 | ​ | ​ | —
Consulting/professional fees | ​ | ​ | 0.6 | ​ | ​ | 0.6 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5.5 | ​ | ​ | 6.7
Other selling, general and administrative expenses | ​ | ​ | 20.2 | ​ | ​ | 10.1 | ​ | ​ | 1.9 | ​ | ​ | — | ​ | ​ | 1.8 | ​ | ​ | 34.0
Total selling, general and administrative expenses | ​ | ​ | 81.9 | ​ | ​ | 34.1 | ​ | ​ | 22.7 | ​ | ​ | 0.3 | ​ | ​ | 16.8 | ​ | ​ | 155.8
Total | ​ | $ | 145.4 | ​ | $ | 98.4 | ​ | $ | 25.1 | ​ | $ | 0.3 | ​ | $ | 16.8 | ​ | $ | 286.0
Pension and postretirement non-service income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 0.6
Consolidated total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 286.6
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Grocery & | ​ | Refrigerated | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Snacks |  | & Frozen |  | International |  | Corporate |  | Total
Accelerated depreciation | ​ | $ | 7.7 | ​ | $ | 7.4 | ​ | $ | — | ​ | $ | — | ​ | $ | 15.1
Other cost of goods sold | ​ | ​ | 0.5 | ​ | ​ | 1.4 | ​ | ​ | 2.1 | ​ | ​ | — | ​ | ​ | 4.0
Total cost of goods sold | ​ | ​ | 8.2 | ​ | ​ | 8.8 | ​ | ​ | 2.1 | ​ | ​ | — | ​ | ​ | 19.1
Severance and related costs | ​ | ​ | 0.4 | ​ | ​ | 2.4 | ​ | ​ | 4.5 | ​ | ​ | 3.1 | ​ | ​ | 10.4
Asset impairment (net of gains on disposal) | ​ | ​ | 0.6 | ​ | ​ | 17.7 | ​ | ​ | 14.1 | ​ | ​ | — | ​ | ​ | 32.4
Contract/lease termination | ​ | ​ | — | ​ | ​ | 0.8 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 0.8
Consulting/professional fees | ​ | ​ | 0.2 | ​ | ​ | 0.2 | ​ | ​ | — | ​ | ​ | (0.1) | ​ | ​ | 0.3
Other selling, general and administrative expenses | ​ | ​ | 0.9 | ​ | ​ | 2.2 | ​ | ​ | 0.1 | ​ | ​ | 0.4 | ​ | ​ | 3.6
Total selling, general and administrative expenses | ​ | ​ | 2.1 | ​ | ​ | 23.3 | ​ | ​ | 18.7 | ​ | ​ | 3.4 | ​ | ​ | 47.5
Total | ​ | $ | 10.3 | ​ | $ | 32.1 | ​ | $ | 20.8 | ​ | $ | 3.4 | ​ | $ | 66.6
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Grocery & | ​ | Refrigerated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Snacks |  | & Frozen |  | International |  | Foodservice |  | Corporate |  | Total
Accelerated depreciation | ​ | $ | 40.9 | ​ | $ | 47.7 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 88.6
Other cost of goods sold | ​ | ​ | 9.2 | ​ | ​ | 4.2 | ​ | ​ | 2.1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15.5
Total cost of goods sold | ​ | ​ | 50.1 | ​ | ​ | 51.9 | ​ | ​ | 2.1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 104.1
Severance and related costs | ​ | ​ | 11.8 | ​ | ​ | 3.6 | ​ | ​ | 5.8 | ​ | ​ | 0.3 | ​ | ​ | 9.4 | ​ | ​ | 30.9
Asset impairment (net of gains on disposal) | ​ | ​ | 22.5 | ​ | ​ | 18.6 | ​ | ​ | 14.2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 55.3
Contract/lease termination | ​ | ​ | 0.5 | ​ | ​ | 0.9 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 0.1 | ​ | ​ | 1.5
Consulting/professional fees | ​ | ​ | 0.5 | ​ | ​ | 0.6 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5.1 | ​ | ​ | 6.2
Other selling, general and administrative expenses | ​ | ​ | 13.8 | ​ | ​ | 6.1 | ​ | ​ | 0.1 | ​ | ​ | — | ​ | ​ | 0.9 | ​ | ​ | 20.9
Total selling, general and administrative expenses | ​ | ​ | 49.1 | ​ | ​ | 29.8 | ​ | ​ | 20.1 | ​ | ​ | 0.3 | ​ | ​ | 15.5 | ​ | ​ | 114.8
Total | ​ | $ | 99.2 | ​ | $ | 81.7 | ​ | $ | 22.2 | ​ | $ | 0.3 | ​ | $ | 15.5 | ​ | $ | 218.9
Pension and postretirement non-service income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 0.6
Consolidated total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 219.5
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance at | ​ | Incurred | ​ | Costs Paid | ​ | ​ | ​ | ​ | Balance at
​ | ​ | May 28, | ​ | and Charged | ​ | or Otherwise | ​ | Changes in | ​ | May 26,
​ | ​ | 2023 | ​ | to Expense | ​ | Settled | ​ | Estimates | ​ | 2024
Severance and related costs | ​ | $ | 1.7 | ​ | $ | 10.3 | ​ | $ | (2.3) | ​ | $ | 0.1 | ​ | $ | 9.8
Contract/lease termination | ​ | ​ | — | ​ | ​ | 0.8 | ​ | ​ | (0.8) | ​ | ​ | — | ​ | ​ | —
Consulting/professional fees | ​ | ​ | 0.2 | ​ | ​ | 0.3 | ​ | ​ | (0.5) | ​ | ​ | — | ​ | ​ | —
Other costs | ​ | ​ | — | ​ | ​ | 4.1 | ​ | ​ | (3.5) | ​ | ​ | — | ​ | ​ | 0.6
Total | ​ | $ | 1.9 | ​ | $ | 15.5 | ​ | $ | (7.1) | ​ | $ | 0.1 | ​ | $ | 10.4

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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