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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 26, 2018
May 27, 2018
Current assets:    
Cash and cash equivalents $ 150.5 $ 55.6
Receivables, less allowance for doubtful accounts of $0.6 and $0.6 331.1 225.9
Inventories 447.7 549.7
Prepaid expenses and other current assets 55.5 99.2
Total current assets 984.8 930.4
Property, plant and equipment, net 1,467.9 1,420.8
Goodwill 133.3 135.1
Intangible assets, net 34.8 35.4
Equity method investments 221.7 219.8
Other assets 11.8 11.1
Total assets 2,854.3 2,752.6
Current liabilities:    
Short-term borrowings 8.8 9.6
Current portion of long-term debt and financing obligations 38.7 38.7
Accounts payable 270.2 254.4
Accrued liabilities 200.6 216.0
Total current liabilities 518.3 518.7
Long-term liabilities:    
Long-term debt, excluding current portion 2,329.5 2,336.7
Deferred income taxes 109.9 92.1
Other noncurrent liabilities 84.8 84.3
Total long-term liabilities 2,524.2 2,513.1
Commitments and contingencies
Redeemable noncontrolling interest 57.2 55.6
Stockholders' equity:    
Common stock of $1.00 par value, 600,000,000 shares authorized; 146,565,333 and 146,395,866 shares issued 146.6 146.4
Additional distributed capital (896.4) (900.4)
Retained earnings 519.7 426.4
Accumulated other comprehensive loss (8.5) (4.3)
Treasury stock, at cost, 117,577 and 63,534 common shares (6.8) (2.9)
Total stockholders' deficit (245.4) (334.8)
Total liabilities and stockholders’ equity $ 2,854.3 $ 2,752.6