Item 3. Quantitative and Qualitative Disclosures About Market Risk.

1K characters. Original on sec.gov · Markdown

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The estimated maximum potential value-at-risk arising from a one-day loss in fair value for our interest rate, foreign exchange, commodity, and equity market-risk-sensitive instruments outstanding as of February 27, 2022, was as follows:

In Millions		One-day Loss in Fair Value		Change During Nine-Month Period Ended Feb. 27, 2022	Analysis of Change
Interest rate instruments	$	37	$	-	Immaterial
Foreign currency instruments		21		(5)	Lower Exchange Rate Volatility
Commodity instruments		10		6	Larger Portfolio & Higher Market Volatility
Equity instruments		3		-	Immaterial

For additional information, see Item 7A of Part II of our Annual Report on Form 10-K for the fiscal year ended May 30, 2021.

Previous: Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. · Next: Item 4. Controls and Procedures.