v3.24.3
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Aug. 25, 2024
DERIVATIVE FINANCIAL INSTRUMENTS  
Schedule of net derivative gains (losses) from economic hedges

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Thirteen Weeks Ended

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August 25, 2024

    

August 27, 2023

Gross derivative gains (losses) incurred

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$

(3.7)

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$

19.5

Less: Net derivative losses allocated to reporting segments

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(2.4)

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(8.1)

Net derivative gains (losses) recognized in general corporate expenses

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$

(1.3)

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$

27.6

Net derivative losses allocated to Grocery & Snacks

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$

(1.5)

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$

(3.9)

Net derivative losses allocated to Refrigerated & Frozen

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​

(0.8)

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(2.3)

Net derivative losses allocated to International

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—

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(1.6)

Net derivative losses allocated to Foodservice

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​

(0.1)

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(0.3)

Net derivative losses included in segment operating profit

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$

(2.4)

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$

(8.1)

Schedule of Derivative Instruments In Statement of Financial Position Gross Fair Value

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Gains (Losses) Recognized on

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Derivatives in Condensed Consolidated

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Location in Condensed Consolidated

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Statements of Earnings for the

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Statements of Earnings of Gains (Losses)

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Thirteen Weeks Ended

Derivatives Not Designated as Hedging Instruments

    

Recognized on Derivatives

    

August 25, 2024

    

August 27, 2023

Commodity contracts

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Cost of goods sold

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$

(6.9)

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$

22.5

Foreign exchange contracts

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Cost of goods sold

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3.2

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(3.0)

Total gains (losses) from derivative instruments not designated as hedging instruments

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$

(3.7)

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$

19.5