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

6 Months Ended

Nov. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Short-term borrowings and long-term debt as of November 30, 2024, and June 1, 2024, consisted of the following:

(In millions)			November 30, 2024						June 1, 2024
Syndicated revolving line of credit, due July 2026			$	463.1					$	390.0
Term Loan A, 6.4371%, due July 2026			330.0						345.0
Term Loan B, 6.6871%, due July 2028			606.3						609.4
Supplier financing program			2.2						2.0
Finance lease liability			1.2						1.4
Total debt			$	1,402.8					$	1,347.8
Less: Unamortized discount and issuance costs			(10.9)						(12.6)
Less: Current debt			(48.7)						(43.5)
Long-term debt			$	1,343.2					$	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)						November 30, 2024						June 1, 2024
Syndicated revolving line of credit borrowing capacity						$	725.0					$	725.0
Less: Borrowings under the syndicated revolving line of credit						463.1						390.0
Less: Outstanding letters of credit						12.6						12.7
Available borrowings under the syndicated revolving line of credit						$	249.3					$	322.3

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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