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Condensed Combined and Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 26, 2017
May 29, 2016
Current assets:    
Cash and cash equivalents $ 37.5 $ 36.4
Receivables, less allowance for doubtful accounts of $0.6 and $0.5 218.1 186.5
Inventories 572.4 498.9
Prepaid expenses and other current assets 84.1 58.2
Total current assets 912.1 780.0
Property, plant and equipment, net 1,185.6 1,043.1
Goodwill 132.7 133.9
Intangible assets, net 37.7 39.6
Equity method investments 155.6 155.2
Other assets 8.5 6.5
Total assets 2,432.2 2,158.3
Current liabilities:    
Short-term borrowings 92.5 24.9
Current portion of long-term debt and financing obligations 47.8 13.5
Accounts payable 271.9 238.0
Accrued liabilities 163.0 133.2
Total current liabilities 575.2 409.6
Long-term debt, excluding current portion 2,372.7 104.6
Deferred income taxes 61.6 144.0
Other noncurrent liabilities 73.6 52.1
Total long-term liabilities 2,507.9 300.7
Commitments and contingencies
Redeemable noncontrolling interest 50.7 47.4
Stockholders' equity:    
Common stock of $1.00 par value, 600,000,000 shares authorized; 146,068,558 shares issued 146.1  
Parent companies' invested equity   1,409.8
Additional distributed capital (900.3)  
Retained earnings 72.1  
Accumulated other comprehensive loss (19.4) (9.2)
Treasury stock, at cost 3,786 common shares (0.1)  
Total stockholders' equity (deficit) (701.6) 1,400.6
Total liabilities and stockholders' equity $ 2,432.2 $ 2,158.3