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Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

May 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following obligations:

(In millions)						May 31, 2025						June 1, 2024
Syndicated revolving line of credit, due April 2030						$	330.8					$	390.0
Term Loan A, 6.0768%, due April 2030						400.0						345.0
Term Loan B, 6.4413%, due July 2028						603.1						609.4
Supplier financing program						2.0						2.0
Finance lease liability						1.1						1.4
Total debt						$	1,337.0					$	1,347.8
Less: Unamortized discount and issuance costs						(10.4)						(12.6)
Less: Current debt						(16.0)						(43.5)
Long-term debt						$	1,310.6					$	1,291.7

Schedule of Line of Credit Facilities

Available borrowings under the syndicated revolving line of credit were as follows for the periods indicated:

(In millions)						May 31, 2025						June 1, 2024
Syndicated revolving line of credit borrowing capacity						$	725.0					$	725.0
Less: Borrowings under the syndicated revolving line of credit						330.8						390.0
Less: Outstanding letters of credit						12.0						12.7
Available borrowings under the syndicated revolving line of credit						$	382.2					$	322.3

Schedule of Maturities of Long-term Debt

Annual maturities of debt for the five fiscal years subsequent to May 31, 2025 are as shown in the table below.

(In millions)
2026			$	16.0
2027			24.1
2028			26.6
2029			612.0
2030			658.3
Thereafter			—
Total			$	1,337.0

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