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Leases
 9 Months Ended
Feb. 26, 2022
Leases [Abstract]  
Leases Leases
The components of lease expense are provided in the table below:
Three Months EndedNine Months Ended
(In millions)February 26, 2022February 27, 2021February 26, 2022February 27, 2021
Operating lease costs$23.7 $13.3 $64.8 $36.8 
Short-term lease costs3.0 0.9 7.4 2.4 
Variable lease costs*2.4 2.3 7.3 5.9 
Total$29.1 $16.5 $79.5 $45.1 
*Not included in the table above for the three and nine months ended February 26, 2022 are variable lease costs of $22.7 million and $68.4 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 $22.8 million and $61.40 million for the three and nine months ended February 27, 2021, respectively.
At February 26, 2022, the Company had no financing leases.
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$75.5 
202383.4 
202474.0 
202563.3 
202650.4 
Thereafter145.7 
Total lease payments*$492.3 
Less interest21.2 
Present value of lease liabilities$471.1 
*Lease payments exclude $1.8 million of legally binding minimum lease payments for leases signed but not yet commenced.
At February 26, 2022, the weighted average remaining lease term and weighted average discount rate for operating leases were 7.1 years and 2.5%, respectively.
Supplemental cash flow and other information related to leases are provided in the table below:
Three Months EndedNine Months Ended
(In millions)February 26, 2022February 27, 2021February 26, 2022February 27, 2021
Operating cash flows used in operating leases$28.9 $13.5 $62.6 $36.3 
Right-of-use assets obtained in exchange for new liabilities$28.4 $7.1 $54.3 $55.7