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Condensed Combined and Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 27, 2016
May 29, 2016
Current assets:    
Cash and cash equivalents $ 69.4 $ 36.4
Receivables, less allowance for doubtful accounts of $0.6 and $0.5 232.2 186.5
Inventories 615.9 498.9
Prepaid expenses and other current assets 18.5 58.2
Total current assets 936.0 780.0
Property, plant and equipment, net 1,134.3 1,043.1
Goodwill 131.7 133.9
Intangible assets, net 38.3 39.6
Equity method investments 150.8 155.2
Other assets 9.1 6.5
Total assets 2,400.2 2,158.3
Current liabilities:    
Revolving credit facility 80.0  
Notes payable 25.2 24.9
Current portion of long-term debt 39.0 13.5
Accounts payable 314.3 238.0
Accrued liabilities 146.6 133.2
Total current liabilities 605.1 409.6
Long-term debt, excluding current portion 2,382.0 104.6
Deferred income taxes 56.9 144.0
Other noncurrent liabilities 64.8 52.1
Total long-term liabilities 2,503.7 300.7
Commitment and contingencies
Redeemable noncontrolling interest 50.0 47.4
Stockholders' equity:    
Common stock of $1.00 par value, 600,000,000 shares authorized; 146,046,395 shares issued 146.0  
Parent companies' invested equity   1,409.8
Additional distributed capital (897.7)  
Retained earnings 15.3  
Accumulated other comprehensive loss (22.2) (9.2)
Total stockholders' equity (deficit) (758.6) 1,400.6
Total liabilities and stockholders' equity (deficit) $ 2,400.2 $ 2,158.3