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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Aug. 24, 2025
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents our financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall:
|  | As of August 24, 2025
(in millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value of Assets (Liabilities)
Derivative assets (a) |  | $ | — |  |  | $ | 16.2 |  |  | $ | — |  |  | $ | 16.2 |
Derivative liabilities (a) |  | — |  |  | (6.4) |  |  | — |  |  | (6.4) |
Deferred compensation liabilities (b) |  | — |  |  | (29.5) |  |  | — |  |  | (29.5) |
Fair value, net |  | $ | — |  |  | $ | (19.7) |  |  | $ | — |  |  | $ | (19.7) |
|  | As of May 25, 2025
(in millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value of Assets (Liabilities)
Derivative assets (a) |  | $ | — |  |  | $ | 10.2 |  |  | $ | — |  |  | $ | 10.2 |
Derivative liabilities (a) |  | — |  |  | (7.0) |  |  | — |  |  | (7.0) |
Deferred compensation liabilities (b) |  | — |  |  | (27.0) |  |  | — |  |  | (27.0) |
Fair value, net |  | $ | — |  |  | $ | (23.8) |  |  | $ | — |  |  | $ | (23.8) |
___________________________________________ (a)Derivative assets and liabilities included in Level 2 primarily represent commodity swaps, option contracts, interest rate swap and currency contracts. The fair value of these derivatives were determined using valuation models that use market observable inputs including both forward and spot prices. Derivative assets are presented within “Prepaid expenses and other current assets” on our Consolidated Balance Sheets and derivative liabilities are presented within “Accrued liabilities” on our Consolidated Balance Sheets. (b)The fair values of our Level 2 deferred compensation liabilities were valued using third-party valuations, which are based on the net asset values of mutual funds in our retirement plans. While the underlying assets are actively traded on an exchange, the funds are not. Deferred compensation liabilities are primarily presented within “Other noncurrent liabilities” on our Consolidated Balance Sheets.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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