Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 27, 2023	May 28, 2023
Current assets:
Cash and cash equivalents	$ 163.3	$ 304.8
Receivables, less allowance for doubtful accounts of $2.5 and $2.6	725.7	724.2
Inventories	872.9	932.0
Prepaid expenses and other current assets	84.4	166.2
Total current assets	1,846.3	2,127.2
Property, plant and equipment, net	3,008.6	2,808.0
Operating lease assets	145.6	146.1
Goodwill	1,041.7	1,040.7
Intangible assets, net	108.8	110.2
Other assets	388.6	287.6
Total assets	6,539.6	6,519.8
Current liabilities:
Short-term borrowings	140.8	158.5
Current portion of long-term debt and financing obligations	55.1	55.3
Accounts payable	678.5	636.6
Accrued liabilities	411.0	509.8
Total current liabilities	1,285.4	1,360.2
Long-term liabilities:
Long-term debt and financing obligations, excluding current portion	3,248.5	3,248.4
Deferred income taxes	255.8	252.1
Other noncurrent liabilities	246.9	247.8
Total long-term liabilities	3,751.2	3,748.3
Commitments and contingencies
Stockholders' equity:
Common stock of $1.00 par value, 600,000,000 shares authorized; 150,679,160 and 150,293,511 shares issued	150.7	150.3
Treasury stock, at cost, 5,752,260 and 4,627,828 common shares	(427.8)	(314.3)
Additional distributed capital	(548.7)	(558.6)
Retained earnings	2,354.6	2,160.7
Accumulated other comprehensive loss	(25.8)	(26.8)
Total stockholders' equity	1,503.0	1,411.3
Total liabilities and stockholders' equity	$ 6,539.6	$ 6,519.8