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Combined and Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 26, 2018
Aug. 27, 2017
Cash flows from operating activities    
Net income $ 111.4 $ 88.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles and debt issuance costs 38.6 31.0
Stock-settled, stock-based compensation expense 4.2 2.6
Earnings of joint ventures in excess of distributions (3.2) (7.1)
Deferred income taxes 13.9 11.5
Pension expense, net of contributions 1.9 2.0
Other 1.2 (8.9)
Changes in operating assets and liabilities:    
Receivables (18.6) (28.5)
Inventories 33.2 30.7
Income taxes payable/receivable, net 9.5 3.4
Prepaid expenses and other current assets 41.1 26.8
Accounts payable 17.1 12.9
Accrued liabilities (22.4) (21.2)
Net cash provided by operating activities 227.9 143.5
Cash flows from investing activities    
Additions to property, plant and equipment (87.0) (104.4)
Other 0.2  
Net cash used for investing activities (86.8) (104.4)
Cash flows from financing activities    
Proceeds (repayments) of short-term borrowings, net (1.0) 10.2
Debt repayments (10.9) (9.9)
Dividends paid (28.0) (27.4)
Cash distributions paid to noncontrolling interest (2.9) (2.3)
Other (3.1) (1.1)
Net cash used for financing activities (45.9) (30.5)
Effect of exchange rate changes on cash and cash equivalents (0.3) 4.1
Net increase (decrease) in cash and cash equivalents 94.9 12.7
Cash and cash equivalents, beginning of the period 55.6 57.1
Cash and cash equivalents, end of period $ 150.5 $ 69.8