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Leases (Tables)
12 Months Ended
Jun. 01, 2024
Leases [Abstract]  
Schedule of Lease Expense Components
The Company's lease costs recognized in the Consolidated Statement of Income consist of the following:
Year EndedYear Ended
(In millions)June 1, 2024June 3, 2023
Operating lease costs$94.1 $99.3 
Short-term lease costs7.1 11.2 
Variable lease costs15.9 12.0 
Total$117.1 $122.5 
Supplemental cash flow and other lease information as of and for periods indicated, includes (dollars in millions):
Year EndedYear Ended
June 1, 2024June 3, 2023
Weighted-average remaining lease term (in years)
Operating leases6.66.9
Weighted-average discount rate
Operating leases2.7 %2.4 %
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow from operating leases$98.8 $100.0 
ROU assets obtained in exchange for new operating lease liabilities
Operating leases$48.3 $63.0 
Schedule 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)
2025$83.9 
202688.8 
202775.4 
202867.5 
202959.3 
Thereafter172.7 
Total lease payments*$547.6 
Less interest120.0 
Present value of lease liabilities$427.6 
*Lease payments exclude $15.4 million of legally binding minimum lease payments for leases signed but not yet commenced.