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Inventories, net

9 Months Ended

Feb. 29, 2020

Inventories [Abstract]

Inventories, Net

Inventories, net

(In millions)	February 29, 2020				June 1, 2019
Finished goods	$	155.3			$	139.1
Raw materials	45.2				45.1
Total	$	200.5			$	184.2

Inventories are valued at the lower of cost or market and include material, labor, and overhead. Certain inventories within our North America Contract manufacturing operations are valued using the last-in, first-out (LIFO) method, whereas inventories of other operations are valued using the first-in, first-out (FIFO) method.

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- Definition

Inventories [Abstract]

+ References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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