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Inventories, net

6 Months Ended

Nov. 28, 2020

Inventories [Abstract]

Inventories, Net

Inventories, net

(In millions)			November 28, 2020						May 30, 2020
Finished goods			$	147.1					$	151.1
Raw materials			43.9						46.2
Total			$	191.0					$	197.3

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. Inventories of all 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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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