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Fair Value Measurements (Tables)

12 Months Ended

May 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Long-term Debt Instruments

The carrying value and fair value of the Company's long-term debt, including current maturities, is as follows for the periods indicated:

(In millions)						May 31, 2025						June 1, 2024
Carrying value						$	1,337.0					$	1,347.8
Fair value						$	1,330.7					$	1,411.6

Schedule of Assets and Liabilities Measured at Fair Value and Recorded in Net Earnings

The following table sets forth financial assets and liabilities measured at fair value through net income and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy as of May 31, 2025, and June 1, 2024:

(In millions)			May 31, 2025												June 1, 2024
Financial Assets			NAV						Quoted Prices With Other Observable Inputs (Level 2)												NAV						Quoted Prices With Other Observable Inputs (Level 2)
Cash equivalents:
Money market funds			$	10.8					$	—											$	17.5					$	—
Other current assets:
Foreign currency forward contracts			—						0.8												—						1.1
Other noncurrent assets:
Deferred compensation plan			—						22.0												—						19.1
Total			$	10.8					$	22.8											$	17.5					$	20.2
Financial Liabilities
Other accrued liabilities:
Foreign currency forward contracts			$	—					$	(0.2)											$	—					$	(0.4)
Total			$	—					$	(0.2)											$	—					$	(0.4)

Schedule of Assets and Liabilities Measured at Fair Value and Recorded in Other Comprehensive Income

The following table sets forth financial assets and liabilities measured at fair value through other comprehensive income and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy as of May 31, 2025 and June 1, 2024.

(In millions)						May 31, 2025						June 1, 2024
Financial Assets			Balance Sheet Location			Quoted Prices with Other Observable Inputs (Level 2)						Quoted Prices with Other Observable Inputs (Level 2)
Interest rate swap agreement			Other noncurrent assets			$	28.1					$	61.7
Total						$	28.1					$	61.7
Financial Liabilities
Interest rate swap agreement			Other liabilities			$	2.0					$	—
Total						$	2.0					$	—

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The effects of non-designated derivatives on the consolidated financial statements were as follows for the fiscal years ended 2025 and 2024 (amounts presented exclude any income tax effects):

(In millions)			Balance Sheet Location						May 31, 2025						June 1, 2024
Assets:
Foreign currency forward contracts			Current assets: Other current assets						$	0.8					$	1.1
Liabilities:
Foreign currency forward contracts			Current liabilities: Other accrued liabilities						$	(0.2)					$	(0.4)
Total net fair value of foreign currency forward contracts(1)									$	0.6					$	0.7
(1) The notional amounts of the outstanding forward contracts were $102.2 million and $54.0 million, as of May 31, 2025 and June 1, 2024, respectively.

(In millions)			Statement of Comprehensive Income Location						May 31, 2025						June 1, 2024						June 3, 2023
Loss recognized on foreign currency forward contracts			Other expense (income), net						$	6.1					$	3.0					$	4.8

Schedule of Interest Rate Derivatives

(In millions)			Notional Amount						Forward Start Date						Termination Date						Effective Fixed Interest Rate
September 2016 Interest Rate Swap			$	150.0					January 3, 2018						January 3, 2028						1.910		%
June 2017 Interest Rate Swap			$	75.0					January 3, 2018						January 3, 2028						2.348		%
January 2022 Interest Rate Swap			$	575.0					January 31, 2022						January 29, 2027						1.650		%
March 2023 Interest Rate Swap			$	150.0					March 3, 2023						January 3, 2029						3.950		%

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The gain/(loss) recorded, net of income taxes, in Other comprehensive loss for the effective portion of designated derivatives was as follows for the periods presented below:

			Fiscal Year
(In millions)			May 31, 2025						June 1, 2024						June 3, 2023
Interest rate swap			$	(52.2)					$	(27.1)					$	4.7

Schedule of Redeemable Noncontrolling Interest

Changes in the Company's redeemable noncontrolling interest in HAY for the year ended May 31, 2025 are as follows:

(In millions)			May 31, 2025
Beginning Balance			$	73.9
Dividend attributable to redeemable noncontrolling interests			(4.7)
Redemption value adjustment			(16.4)
Net income attributable to redeemable noncontrolling interests			3.7
Foreign currency translation adjustments			2.8
Ending Balance			$	59.3

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