Company: LW
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001679273-25-000070
Chunk: 15

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-09-30
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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. The components of inventories were as follows:

(in millions)August 24,2025May 25,2025Raw materials and packaging$127.6 $171.5 Finished goods668.4 755.7 Supplies and other110.8 108.2 Inventories$906.8 $1,035.4 

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6. PROPERTY, PLANT AND EQUIPMENT

The components of property, plant and equipment were as follows:(in millions)August 24,2025May 25,2025Land and land improvements$210.2 $191.6 Buildings, machinery and equipment5,491.9 5,136.3 Furniture, fixtures, office equipment and other 171.0 161.9 Construction in progress249.7 551.7 Property, plant and equipment, at cost6,122.8 6,041.5 Less accumulated depreciation(2,436.1)(2,353.6)Property, plant and equipment, net$3,686.7 $3,687.9 At August 24, 2025 and May 25, 2025, purchases of property, plant and equipment included in accounts payable were $57.0 million and $85.4 million, respectively.Below is a breakdown of depreciation and amortization between cost of sales (“COS”) and selling, general and administrative expenses (“SG&A”) for the thirteen weeks ended August 24, 2025 and August 25, 2024.Thirteen Weeks Ended(in millions)August 24,2025August 25,2024Depreciation - COS$82.8 $78.5 Depreciation - SG&A3.4 3.4 $86.2 $81.9 Amortization$7.9 $7.4 

Interest capitalized within construction in progress for the thirteen weeks ended August 24, 2025 and August 25, 2024, was $5.4 million and $6.7 million, respectively.

7. GOODWILL AND OTHER IDENTIFIABLE INTANGIBLE ASSETS

The following table presents changes in goodwill balances, by segment, for the thirteen weeks ended August 24, 2025: (in millions)North AmericaInternationalTotalBalance at May 25, 2025$753.2 $337.0 $1,090.