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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Nov. 24, 2024
DERIVATIVE FINANCIAL INSTRUMENTS |
Schedule of net derivative gains (losses) from economic hedges | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen Weeks Ended | ​ | Twenty-Six Weeks Ended
​ |  | November 24, 2024 |  | November 26, 2023 |  | November 24, 2024 |  | November 26, 2023
Gross derivative gains (losses) incurred | ​ | $ | 7.7 | ​ | $ | (10.0) | ​ | $ | 4.0 | ​ | $ | 9.5
Less: Net derivative gains (losses) allocated to reporting segments | ​ | ​ | (3.2) | ​ | ​ | 1.2 | ​ | ​ | (5.6) | ​ | ​ | (6.9)
Net derivative gains (losses) recognized in general corporate expenses | ​ | $ | 10.9 | ​ | $ | (11.2) | ​ | $ | 9.6 | ​ | $ | 16.4
Net derivative gains (losses) allocated to Grocery & Snacks | ​ | $ | (2.6) | ​ | $ | 0.7 | ​ | $ | (4.1) | ​ | $ | (3.2)
Net derivative gains (losses) allocated to Refrigerated & Frozen | ​ | ​ | (1.5) | ​ | ​ | 2.1 | ​ | ​ | (2.3) | ​ | ​ | (0.2)
Net derivative gains (losses) allocated to International | ​ | ​ | 1.3 | ​ | ​ | (2.0) | ​ | ​ | 1.3 | ​ | ​ | (3.6)
Net derivative gains (losses) allocated to Foodservice | ​ | ​ | (0.4) | ​ | ​ | 0.4 | ​ | ​ | (0.5) | ​ | ​ | 0.1
Net derivative gains (losses) included in segment operating profit | ​ | $ | (3.2) | ​ | $ | 1.2 | ​ | $ | (5.6) | ​ | $ | (6.9)
Schedule of Derivative Instruments In Statement of Financial Position Gross Fair Value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location in Condensed Consolidated Statements of Earnings of Gains (Losses) | ​ | Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Thirteen Weeks Ended
Derivatives Not Designated as Hedging Instruments |  | Recognized on Derivatives |  | November 24, 2024 |  | November 26, 2023
Commodity contracts | ​ | Cost of goods sold | ​ | $ | 2.5 | ​ | $ | (10.9)
Foreign exchange contracts | ​ | Cost of goods sold | ​ | ​ | 5.2 | ​ | ​ | 0.9
Total gains (losses) from derivative instruments not designated as hedging instruments | ​ | ​ | ​ | $ | 7.7 | ​ | $ | (10.0)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location in Condensed Consolidated Statements of Earnings of Gains (Losses) | ​ | Gains (Losses) Recognized on Derivatives in Condensed Consolidated Statements of Earnings for the Twenty-Six Weeks Ended
Derivatives Not Designated as Hedging Instruments |  | Recognized on Derivatives |  | November 24, 2024 |  | November 26, 2023
Commodity contracts | ​ | Cost of goods sold | ​ | $ | (4.4) | ​ | $ | 11.6
Foreign exchange contracts | ​ | Cost of goods sold | ​ | ​ | 8.4 | ​ | ​ | (2.1)
Total gains from derivative instruments not designated as hedging instruments | ​ | ​ | ​ | $ | 4.0 | ​ | $ | 9.5
​

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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