v3.24.2
Borrowings - Description of Long Term Debt (Parenthetical) (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 27, 2023
May 31, 2024
May 31, 2023
Feb. 27, 2019
Dec. 20, 2017
Mar. 31, 2017
Mar. 02, 2017
May 29, 2015
Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt, due date [1]   Aug. 01, 2027 Aug. 01, 2027          
Debt issuance costs, net of amortization   $ 2.1 $ 2.8          
Unsecured Term Loan due August 1, 2025                
Debt Instrument [Line Items]                
Debt, due date   Aug. 01, 2025 Aug. 01, 2025          
Unsecured 3.75% notes due March 15, 2027                
Debt Instrument [Line Items]                
Debt   $ 400.0 $ 400.0       $ 400.0  
Debt, interest rate   3.75% [2] 3.75% [2]       3.75%  
Debt, due date [2]   Mar. 15, 2027 Mar. 15, 2027          
Debt issuance costs, net of amortization   $ 1.1 $ 1.5          
Amortization of debt discount premium   $ 0.2 $ 0.2          
Debt instrument, effective interest rate   3.767% 3.767%          
Unsecured 4.55% senior notes due March 1, 2029                
Debt Instrument [Line Items]                
Debt   $ 350.0 $ 350.0 $ 350.0        
Debt, interest rate   4.55% [3] 4.55% [3] 4.55%        
Debt, due date [3]   Mar. 01, 2029 Mar. 01, 2029          
Debt issuance costs, net of amortization   $ 1.6 $ 2.0          
Amortization of debt discount premium   $ 0.3 $ 0.3          
Debt instrument, effective interest rate   4.568% 4.568%          
Unsecured 2.95% notes due January 15, 2032                
Debt Instrument [Line Items]                
Debt   $ 300.0 $ 300.0          
Debt, interest rate [4]   2.95% 2.95%          
Debt, due date [4]   Jan. 15, 2032 Jan. 15, 2032          
Debt issuance costs, net of amortization   $ 2.3 $ 2.6          
Amortization of debt discount premium   $ 0.5 $ 0.6          
Debt instrument, effective interest rate   2.976% 2.976%          
Unsecured 5.25% notes due June 1, 2045                
Debt Instrument [Line Items]                
Debt             $ 50.0 $ 250.0
Debt, interest rate   5.25% [5] 5.25% [5]       5.25% 5.25%
Debt, due date [5]   Jun. 01, 2045 Jun. 01, 2045          
Debt issuance costs, net of amortization   $ 2.4 $ 2.5          
Amortization of debt discount premium   $ 1.3 $ 1.3          
Debt instrument, effective interest rate   5.29% 5.29%          
Accounts Receivable Securitization Program with Two Banks, through May 19, 2025                
Debt Instrument [Line Items]                
Debt, due date [6]   May 19, 2025 May 19, 2025          
Debt issuance costs, net of amortization   $ 0.2            
Other Borrowings                
Debt Instrument [Line Items]                
Debt, maturity year   2033 2033          
Unsecured 4.25% notes due January 15, 2048                
Debt Instrument [Line Items]                
Debt   $ 300.0 $ 300.0   $ 300.0      
Debt, interest rate   4.25% [7] 4.25% [7]   4.25%      
Debt, due date [7]   Jan. 15, 2048 Jan. 15, 2048          
Debt issuance costs, net of amortization   $ 2.9 $ 3.0          
Debt instrument, effective interest rate   4.25% 4.25%          
Term Loan                
Debt Instrument [Line Items]                
Debt, due date Aug. 01, 2025 Aug. 01, 2025            
Debt issuance costs, net of amortization     $ 0.2          
Repayment of aggregate principal amount outstanding $ 250.0              
United States Dollar Denominated Swingline Account | Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt, interest rate   6.53% 6.26%          
Outstanding debt   $ 15.8 $ 8.2          
United States Dollar Denominated Revolver | Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt, interest rate     6.36%          
Outstanding debt     $ 30.0          
Australian Dollar Denominated Debt | Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt, interest rate     4.92%          
Outstanding debt     $ 1.2          
Euro Denominated Debt | Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt, interest rate   5.0546% 4.2926%          
Outstanding debt   $ 299.4 $ 527.6          
GBP Denominated Debt | Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt, interest rate   6.3326% 5.5607%          
Outstanding debt   $ 29.5 $ 46.7          
Initial Aggregate Principal | Unsecured 5.25% notes due June 1, 2045                
Debt Instrument [Line Items]                
Debt   250.0 250.0          
Additional Aggregate Principal | Unsecured 5.25% notes due June 1, 2045                
Debt Instrument [Line Items]                
Debt   $ 50.0 50.0     $ 50.0    
Debt instrument, effective interest rate   4.839%       4.839%    
Unamortization of debt premium   $ 2.7 $ 2.7          
[1] Interest as of May 31, 2024 was 6.5300% for the USD denominated swingline account, which is tied to SOFR; 5.0546% on EUR denominated debt which is tied to ESTR; and 6.3326% on GBP denominated debt, which is tied to the Sterling Overnight Index Average. The debt balances outstanding, excluding deferred financing fees, as of May 31, 2024 for the USD denominated swingline, EUR denominated revolver, and GBP denominated debt were as follows: $15.8 million, $299.4 million, and $29.5 million.

Interest as of May 31, 2023 was 6.2600% for the USD denominated swingline account, which is tied to SOFR; 6.3600% for the USD denominated revolver, which is tied to SOFR; 4.2926% on EUR denominated debt which is tied to ESTR; 5.5607% on GBP denominated debt, which is tied to the Sterling Overnight Index Average; and 4.9200% on AUD denominated debt, which is tied to the Reserve Bank of Australia rate. The debt balances outstanding, excluding deferred financing fees, as of May 31, 2023 for the USD denominated swingline, USD denominated revolver, EUR denominated revolver, GBP denominated debt, and AUD denominated debt were as follows: $8.2 million, $30.0 million, $527.6 million, $46.7 million, and $1.2 million.

As of May 31, 2024 and 2023, the revolving credit facility is adjusted for debt issuance costs, net of amortization, for approximately $2.1 million and $2.8 million, respectively.
[2] The $400.0 million face amount of the notes due 2027 is adjusted for the amortization of the original issue discount, which approximated $0.2 million at May 31, 2024 and 2023. The original issue discount effectively reduced the ultimate proceeds from the financing. The effective interest rate on the notes, including the amortization of the discount, is 3.767%. At May 31, 2024 and 2023, the notes are adjusted for debt issuance costs, net of amortization, for approximately $1.1 million and $1.5 million, respectively.
[3] The $350.0 million aggregate principal amount of the notes due 2029 is adjusted for the amortization of the original issue discount, which approximated $0.3 million at May 31, 2024 and 2023. The original issue discount effectively reduced the ultimate proceeds from the financing. The effective interest rate on the notes, including the amortization of the discount, was 4.568%. At May 31, 2024 and 2023, the notes are adjusted for debt issuance costs, net of amortization, for approximately $1.6 million and $2.0 million, respectively.
[4] The $300.0 million face amount of the notes due 2032 is adjusted for the amortization of the original issue discount, which approximated $0.5 million and $0.6 million at May 31, 2024 and 2023, respectively. The original issue discount effectively reduced the ultimate proceeds from the financing. The effective interest rate on the notes, including the amortization of the discount, is 2.976%. At May 31, 2024 and 2023, the notes are adjusted for debt issuance costs, net of amortization, for approximately $2.3 million and $2.6 million, respectively.
[5] The $250.0 million face amount of the notes due 2045 is adjusted for the amortization of the original issue discount, which approximated $1.3 million at May 31, 2024 and 2023. The original issue discount effectively reduced the ultimate proceeds from the financing. The effective interest rate on the notes, including the amortization of the discount, is 5.29%. In March 2017, as a further issuance of the 5.25% notes due 2045, we closed an offering of $50.0 million aggregate principal, which is adjusted for the unamortized premium received at issuance, which approximated $2.7 million at May 31, 2024 and 2023. The premium effectively increased the proceeds from the financing. The effective interest rate on the $50.0 million notes issued March 2017 is 4.839%. At May 31, 2024 and 2023, the notes are adjusted for debt issuance costs, net of amortization, for approximately $2.4 million and $2.5 million, respectively.
[6] As of May 31, 2024, the accounts receivable securitization program is adjusted for debt issuance costs, net of amortization, of approximately $0.2 million.
[7] The $300.0 million face amount of the notes due 2048 is adjusted for the debt issuance cost, net of amortization, which approximated $2.9 million and $3.0 million at May 31, 2024 and 2023, respectively. The effective interest rate on the notes is 4.25%.