v3.25.4

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

6 Months Ended

Nov. 29, 2025

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings and Long-Term Debt

Short-term borrowings and long-term debt as of November 29, 2025, and May 31, 2025, consisted of the following:

(In millions)			November 29, 2025						May 31, 2025
Syndicated revolving line of credit, due April 2030			$	345.0					$	330.8
Term Loan A, 5.6657%, due April 2030			397.5						400.0
Term Loan B, 6.1657%, due August 2032			550.0						603.1
Accounts Receivable Securitization Facility, 4.9477% due September 2028			54.3						—
Supplier financing program			2.4						2.0
Finance lease liability			1.0						1.1
Total debt			$	1,350.2					$	1,337.0
Less: Unamortized discount and issuance costs			(8.6)						(10.4)
Less: Current debt			(20.7)						(16.0)
Long-term debt			$	1,320.9					$	1,310.6

Schedule of Available Borrowings under Syndicated Revolving Line of Credit

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

(In millions)			November 29, 2025						May 31, 2025
Syndicated revolving line of credit borrowing capacity			$	725.0					$	725.0
Less: Borrowings under the syndicated revolving line of credit			345.0						330.8
Less: Outstanding letters of credit			12.1						12.0
Available borrowings under the syndicated revolving line of credit			$	367.9					$	382.2

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- References

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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