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DEBT AND FINANCING OBLIGATIONS | 3 Months Ended
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Aug. 24, 2025
Debt Disclosure [Abstract] |
DEBT AND FINANCING OBLIGATIONS | DEBT AND FINANCING OBLIGATIONS The components of our debt, including financing obligations, were as follows:
(in millions) |  | August 24, 2025 |  | May 25, 2025
|  | Amount |  | Interest Rate |  | Amount |  | Interest Rate
Short-term borrowings: |  |  |  |  |  |  |  |
Revolving credit facility |  | $ | 181.6 |  |  | 4.100 | % |  | $ | 333.2 |  |  | 5.940 | %
Other credit facilities (a) |  | 33.8 |  |  |  |  | 37.6 |  |  |
|  | 215.4 |  |  |  |  | 370.8 |  |  |
Long-term debt: |  |  |  |  |  |  |  |
Term A-3 loan facility, due January 2030 (b) |  | 399.3 |  |  | 6.430 |  |  | 405.0 |  |  | 6.900 |
Term A-4 loan facility, due May 2029 (b) |  | 308.8 |  |  | 6.690 |  |  | 312.8 |  |  | 6.630 |
Term A-5 loan facility, due September 2031 (b) |  | 487.5 |  |  | 5.660 |  |  | 493.8 |  |  | 5.650 |
RMB loan facility, due February 2027 |  | 144.0 |  |  | 3.800 |  |  | 143.8 |  |  | 4.040 |
RMB loan facility, due September 2029 |  | 19.7 |  |  | 3.800 |  |  | 19.6 |  |  | 3.960 |
Euro term loan facility, due May 2029 |  | 234.3 |  |  | 3.500 |  |  | 227.2 |  |  | 4.510 |
4.875% senior notes, due May 2028 |  | 500.0 |  |  | 4.875 |  |  | 500.0 |  |  | 4.875 |
4.125% senior notes, due January 2030 |  | 970.0 |  |  | 4.125 |  |  | 970.0 |  |  | 4.125 |
4.375% senior notes, due January 2032 |  | 700.0 |  |  | 4.375 |  |  | 700.0 |  |  | 4.375 |
|  | 3,763.6 |  |  |  |  | 3,772.2 |  |  |
Financing obligations: |  |  |  |  |  |  |  |
Lease financing obligations due on various dates through 2040 |  | 4.9 |  |  |  |  | 5.2 |  |  |
Total debt and financing obligations |  | 3,983.9 |  |  |  |  | 4,148.2 |  |  |
Debt issuance costs (c) |  | (15.8) |  |  |  |  | (16.8) |  |  |
Short-term borrowings |  | (215.4) |  |  |  |  | (370.8) |  |  |
Current portion of long-term debt and financing obligations |  | (81.8) |  |  |  |  | (77.8) |  |  |
Long-term debt and financing obligations, excluding current portion |  | $ | 3,670.9 |  |  |  |  | $ | 3,682.8 |  |  |
___________________________________________ (a)Other credit facilities consist of short-term facilities at our subsidiaries used for working capital purposes. Borrowings under these facilities bear interest at various rates. (b)The interest rates applicable to the Term A-3, A-4, and A-5 loans do not include anticipated patronage dividends. We have received and expect to continue receiving patronage dividends under these term loan facilities. (c)Excludes debt issuance costs of $3.7 million and $3.9 million as of August 24, 2025 and May 25, 2025, respectively, related to our Revolving credit facility, which are recorded in “Other assets” on our Consolidated Balance Sheets. As of August 24, 2025, we had $1,318.4 million of available liquidity under our committed revolving credit facility. For the thirteen weeks ended August 24, 2025 and August 25, 2024, we paid $62.3 million and $56.7 million of interest on debt, respectively. For more information about our debt and financing obligations, interest rates, and debt covenants, see Note 8, Debt and Financing Obligations, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of the Form 10-K

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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