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Leases (Tables)
6 Months Ended
Nov. 27, 2021
Leases [Abstract]  
Summary of Lease Expense Components
The components of lease expense are provided in the table below:
Three Months EndedSix Months Ended
(In millions)November 27, 2021November 28, 2020November 27, 2021November 28, 2020
Operating lease costs$23.1 $12.4 $41.1 $23.4 
Short-term lease costs2.9 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 EndedSix Months Ended
(In millions)November 27, 2021November 28, 2020November 27, 2021November 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 
202383.8 
202474.3 
202564.8 
202650.5 
Thereafter148.8 
Total lease payments*$511.4 
Less interest46.0 
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.