v3.25.2
Restructuring, Transformation, Impairment, and Other Exit Costs (Tables)
12 Months Ended
May 25, 2025
Restructuring, Transformation, Impairment, and Other Exit Costs [Abstract]  
Schedule of Restructuring and Transformation Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
Global transformation initiative
$
70.1
Charges associated with restructuring actions previously
 
announced
17.4
Total restructuring
 
and transformation charges
$
87.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
Commercial strategy actions
$
18.6
Charges associated with restructuring actions previously
 
announced
20.2
Total restructuring
 
charges
$
38.8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
Global supply chain actions
$
36.2
Network optimization actions
6.4
Charges associated with restructuring actions previously
 
announced
18.4
Total restructuring
 
charges
$
61.0
Schedule of Restructuring, Transformation, and Impairment Charges and Restructuring Initiative Project-Related Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
In Millions
2025
2024
2023
Restructuring, transformation, impairment, and other exit costs
$
78.3
$
241.4
$
56.2
Cost of sales
9.2
17.6
4.8
Total restructuring,
 
transformation, and impairment charges
87.5
259.0
61.0
Restructuring initiative project-related costs classified in cost of
 
sales
$
0.5
$
2.0
$
2.4
Rollforward of Restructuring and Other Exit Cost Reserves
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
In Millions
Severance
Other Exit
Costs
Total
Reserve balance as of May 29, 2022
$
35.4
$
1.4
$
36.8
Fiscal 2023 charges, including foreign currency translation
41.6
0.1
41.7
Utilized in fiscal 2023
(29.4)
(1.4)
(30.8)
Reserve balance as of May 28, 2023
47.6
0.1
47.7
Fiscal 2024 charges, including foreign currency translation
-
0.1
0.1
Utilized in fiscal 2024
(32.8)
(0.2)
(33.0)
Reserve balance as of May 26, 2024
14.8
-
14.8
Fiscal 2025 charges, including foreign currency translation
70.1
-
70.1
Utilized in fiscal 2025
(7.8)
-
(7.8)
Reserve balance as of May 25, 2025
$
77.1
$
-
$
77.1