DEBT (Tables)

12 Months Ended

May 26, 2024

Schedule of Components of Long-Term Debt

The components of long-term debt are as follows:


(in millions)	May 26, 2024		May 28, 2023
3.850% senior notes due May 2027	$	500.0	$	500.0
6.300% senior notes due October 2033	500.0		—
6.000% senior notes due August 2035	96.3		96.3
6.800% senior notes due October 2037	42.8		42.8
4.550% senior notes due February 2048	300.0		300.0
Total long-term debt	$	1,439.1	$	939.1
Fair value hedge	(51.8)		(45.4)
Less unamortized discount and issuance costs	(16.9)		(8.8)
Total long-term debt less unamortized discount and issuance costs	$	1,370.4	$	884.9

Schedule of Maturities of Long-term Debt

The aggregate contractual maturities of long-term debt for each of the five fiscal years subsequent to May 26, 2024, and thereafter are as follows:


(in millions)
Fiscal Year	2025		2026		2027		2028		2029		Thereafter
Debt repayments	$	—	$	—	$	500.0	$	—	$	—	$	939.1

- Definition

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.

+ References

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+ Details