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SUBSEQUENT EVENTS
12 Months Ended
May 30, 2025
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

17. SUBSEQUENT EVENTS

 

On July 4, 2025, the One Big Beautiful Bill Act was enacted. Among other changes, it permanently extends several corporate tax provisions formerly expiring in 2025, alters depreciation/amortization rules (including full R&D expensing and bonus depreciation), modifies interest deductibility limits, and discontinues or phases out certain energy tax credits. The company is currently evaluating the impacts on its financial statements including its effective tax rate and deferred tax assets and liabilities in future years.