Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 26, 2023	May 28, 2023
Current assets:
Cash and cash equivalents	$ 78.3	$ 304.8
Receivables, less allowance for doubtful accounts of $2.4 and $2.6	766.2	724.2
Inventories	1,153.6	932.0
Prepaid expenses and other current assets	82.8	166.2
Total current assets	2,080.9	2,127.2
Property, plant and equipment, net	3,173.6	2,808.0
Operating lease assets	140.0	146.1
Goodwill	1,065.1	1,040.7
Intangible assets, net	109.1	110.2
Other assets	476.6	287.6
Total assets	7,045.3	6,519.8
Current liabilities:
Short-term borrowings	294.3	158.5
Current portion of long-term debt and financing obligations	55.0	55.3
Accounts payable	834.5	636.6
Accrued liabilities	434.0	509.8
Total current liabilities	1,617.8	1,360.2
Long-term liabilities:
Long-term debt and financing obligations, excluding current portion	3,252.5	3,248.4
Deferred income taxes	260.3	252.1
Other noncurrent liabilities	247.0	247.8
Total long-term liabilities	3,759.8	3,748.3
Commitments and contingencies
Stockholders' equity:
Common stock of $1.00 par value, 600,000,000 shares authorized; 150,694,839 and 150,293,511 shares issued	150.7	150.3
Treasury stock, at cost, 6,326,519 and 4,627,828 common shares	(479.4)	(314.3)
Additional distributed capital	(535.9)	(558.6)
Retained earnings	2,528.6	2,160.7
Accumulated other comprehensive income (loss)	3.7	(26.8)
Total stockholders' equity	1,667.7	1,411.3
Total liabilities and stockholders' equity	$ 7,045.3	$ 6,519.8