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Condensed Combined and Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Nov. 27, 2016
Nov. 29, 2015
Cash flows from operating activities    
Net income $ 174.1 $ 140.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles and debt issuance costs 52.1 47.9
Share-based compensation expense 5.2 4.3
Earnings of joint ventures in excess of distributions (2.8) (12.5)
Other (0.4) (3.1)
Change in operating assets and liabilities:    
Receivables (45.8) (27.4)
Inventories (117.0) (96.7)
Deferred income taxes and income taxes payable, net (8.3) 7.7
Prepaid expenses and other current assets 41.4 43.5
Accounts payable 59.8 72.4
Accrued liabilities 4.1 (3.7)
Net cash provided by operating activities 162.4 172.9
Cash flows from investing activities    
Additions to property, plant and equipment (127.8) (66.3)
Proceeds from sale of assets 2.0 2.7
Net cash used for investing activities (125.8) (63.6)
Cash flows from financing activities    
Proceeds from short-term borrowings   9.8
Borrowings from revolving credit facility 80.0  
Proceeds from issuance of debt 798.1  
Debt repayments (3.4) (1.4)
Payments of debt issuance costs (9.6)  
Net transfers (to) from parent (38.8) (121.1)
Cash distribution to parent at Separation (823.5)  
Cash distributions paid to noncontrolling interest (5.6) (2.8)
Net cash used for financing activities (2.8) (115.5)
Effect of exchange rate changes on cash and cash equivalents (0.8) (0.5)
Net increase (decrease) in cash and cash equivalents 33.0 (6.7)
Cash and cash equivalents, beginning of the period 36.4 30.6
Cash and cash equivalents, end of period $ 69.4 $ 23.9