| | | | | | | | | | | |
| August 25,
2024 | | May 26,
2024 |
| ASSETS | | | |
| Current assets: | | | |
| Cash and cash equivalents | $ | 120.8 | | | $ | 71.4 | |
Receivables, net of allowances of $0.9 million and $0.9 million | 720.9 | | | 743.6 | |
| Inventories | 1,135.7 | | | 1,138.6 | |
| Prepaid expenses and other current assets | 86.2 | | | 136.4 | |
| Total current assets | 2,063.6 | | | 2,090.0 | |
| Property, plant and equipment, net | 3,691.8 | | | 3,582.8 | |
| Operating lease assets | 127.3 | | | 133.0 | |
| Goodwill | 1,087.5 | | | 1,059.9 | |
| Intangible assets, net | 108.3 | | | 104.9 | |
| Other assets | 434.0 | | | 396.4 | |
| Total assets | $ | 7,512.5 | | | $ | 7,367.0 | |
| | | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | | | |
| Current liabilities: | | | |
| Short-term borrowings | $ | 530.4 | | | $ | 326.3 | |
| Current portion of long-term debt and financing obligations | 63.2 | | | 56.4 | |
| Accounts payable | 688.7 | | | 833.8 | |
| Accrued liabilities | 448.0 | | | 407.6 | |
| Total current liabilities | 1,730.3 | | | 1,624.1 | |
| Long-term liabilities: | | | |
| Long-term debt and financing obligations, excluding current portion | 3,437.3 | | | 3,440.7 | |
| Deferred income taxes | 257.2 | | | 256.2 | |
| Other noncurrent liabilities | 251.0 | | | 258.2 | |
| Total long-term liabilities | 3,945.5 | | | 3,955.1 | |
| Commitments and contingencies | | | |
| Stockholders’ equity: | | | |
Common stock of $1.00 par value, 600,000,000 shares authorized; 151,255,891 and 150,735,397 shares issued | 151.3 | | | 150.7 | |
Treasury stock, at cost, 8,660,534 and 7,068,741 common shares | (633.7) | | | (540.9) | |
| Additional distributed capital | (499.0) | | | (508.9) | |
| Retained earnings | 2,775.3 | | | 2,699.8 | |
| Accumulated other comprehensive income (loss) | 42.8 | | | (12.9) | |
| Total stockholders’ equity | 1,836.7 | | | 1,787.8 | |
| Total liabilities and stockholders’ equity | $ | 7,512.5 | | | $ | 7,367.0 | |
