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Leases (Tables) | 6 Months Ended
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Nov. 27, 2021
Leases [Abstract] |
Summary of Lease Expense Components | The components of lease expense are provided in the table below:
| Three Months Ended |  | Six Months Ended
(In millions) | November 27, 2021 |  | November 28, 2020 |  | November 27, 2021 |  | November 28, 2020
Operating lease costs | $ | 23.1 |  |  | $ | 12.4 |  |  | $ | 41.1 |  |  | $ | 23.4 |
Short-term lease costs | 2.9 |  |  | 0.7 |  |  | 4.4 |  |  | 1.5 |
Variable lease costs* | 2.4 |  |  | 2.0 |  |  | 4.9 |  |  | 3.6 |
Total | $ | 28.4 |  |  | $ | 15.1 |  |  | $ | 50.4 |  |  | $ | 28.5 |
*Not included in the table above for the three and six months ended November 27, 2021 are variable lease costs of $25.0 million and $45.7 million, respectively, for raw material purchases under certain supply arrangements that the Company has determined meet the definition of a lease. This compares to purchases of $21.6 million and $38.6 million for the three and six months ended November 28, 2020, respectively. Supplemental cash flow and other information related to leases are provided in the table below:
| Three Months Ended |  | Six Months Ended
(In millions) | November 27, 2021 |  | November 28, 2020 |  | November 27, 2021 |  | November 28, 2020
Operating cash flows used in operating leases | $ | 17.0 |  |  | $ | 11.6 |  |  | $ | 33.7 |  |  | $ | 22.6 |
Right-of-use assets obtained in exchange for new liabilities | $ | 5.9 |  |  | $ | 36.9 |  |  | $ | 25.9 |  |  | $ | 49.2 |
Summary of Future Estimated Minimum Lease Payments | The undiscounted annual future minimum lease payments related to the Company's right-of-use assets are summarized by fiscal year in the following table:
(In millions) |
2022 | $ | 89.2 |
2023 | 83.8 |
2024 | 74.3 |
2025 | 64.8 |
2026 | 50.5 |
Thereafter | 148.8 |
Total lease payments* | $ | 511.4 |
Less interest | 46.0 |
Present value of lease liabilities | $ | 465.4 |
*Lease payments exclude $14.6 million of legally binding minimum lease payments for leases signed but not yet commenced.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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