Consolidated Balance Sheets - USD ($) $ in Millions	May 29, 2022	May 30, 2021
Current assets:
Cash and cash equivalents	$ 525.0	$ 783.5
Receivables, less allowance for doubtful accounts of $1.1 and $0.9	447.3	366.9
Inventories	574.4	513.5
Prepaid expenses and other current assets	112.9	117.8
Total current assets	1,659.6	1,781.7
Property, plant and equipment, net	1,579.2	1,524.0
Operating lease assets	119.0	141.7
Equity method investments	257.4	310.2
Goodwill	318.0	334.5
Intangible assets, net	33.7	36.9
Other assets	172.9	80.4
Total assets	4,139.8	4,209.4
Current liabilities:
Current portion of long-term debt and financing obligations	32.2	32.0
Accounts payable	402.6	359.3
Accrued liabilities	264.3	226.9
Total current liabilities	699.1	618.2
Long-term liabilities:
Long-term debt and financing obligations, excluding current portion	2,695.8	2,705.4
Deferred income taxes	172.5	159.7
Other noncurrent liabilities	211.9	245.5
Total long-term liabilities	3,080.2	3,110.6
Commitments and contingencies
Stockholders' equity:
Common stock of $1.00 par value, 600,000,000 shares authorized; 148,045,584 and 147,640,632 shares issued	148.0	147.6
Additional distributed capital	(813.3)	(836.8)
Retained earnings	1,305.5	1,244.6
Accumulated other comprehensive income (loss)	(15.6)	29.5
Treasury stock, at cost, 3,974,156 and 1,448,768 common shares	(264.1)	(104.3)
Total stockholders' equity	360.5	480.6
Total liabilities and stockholders' equity	$ 4,139.8	$ 4,209.4