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Recently Issued Accounting Standards (Tables)
9 Months Ended
Feb. 26, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Schedule of Recently Issued Accounting Standards Not Yet Adopted
Recently Issued Accounting Standards Not Yet Adopted
The Company is currently evaluating the impact of adopting the following relevant standards issued by the FASB:
StandardDescriptionEffective Date
2021-10Government AssistanceThis update requires disclosures to increase the transparency of transactions with governments accounted for by applying a grant or contribution accounting model by analogy, including the (1) types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an entity's financial statements. Early adoption is permitted. The Company is evaluating the effect of adopting this new accounting guidance. May 29, 2022