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v3.25.1

DEBT AND REVOLVING CREDIT FACILITY (Details) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Nov. 24, 2024 USD ($) | May 26, 2024 USD ($) | Nov. 26, 2023 USD ($) | Aug. 27, 2023 USD ($) | Nov. 27, 2022 USD ($) | Feb. 23, 2025 USD ($) | Feb. 25, 2024 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |
Repayments of Long-Term Debt |  |  |  |  |  | $ 274.8 | $ 766.8
EBITDA to interest expense |  |  |  |  |  | 3.0 |
Funded debt to EBITDA |  |  |  |  |  | 4.5 |
Notes payable |  | $ 928.4 |  |  |  | $ 877.7 |
Commercial Paper |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Notes payable |  | 586.0 |  |  |  | 535.0 |
Senior notes |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Repayments of Long-Term Debt | $ 250.0 |  | $ 250.0 |  |  |  |
Proceeds from Issuance of Debt |  |  |  |  | $ 500.0 |  |
Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  | 2,000.0 |
Increase with consent of lenders |  |  |  |  |  | 2,500.0 |
Line of credit |  |  |  |  |  | $ 0.0 |
May 1, 2024 | Subordinated debt |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Repayments of Long-Term Debt |  | $ 1,000.0 |  |  |  |  |
Debt instrument interest rate |  | 4.30% |  |  |  |  |
August 11, 2023 | Subordinated debt |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Repayments of Long-Term Debt |  |  |  | $ 500.0 |  |  |
Debt instrument interest rate |  |  |  | 0.50% |  |  |
October 1, 2026 | Subordinated debt |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt instrument interest rate |  |  |  | 5.30% |  |  |
Proceeds from Issuance of Debt |  |  |  | $ 500.0 |  |  |
April 29 2025 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Proceeds from Issuance of Debt |  | $ 300.0 |  |  |  |  |

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- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: 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(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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