Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 25, 2024	May 28, 2023
Current assets:
Cash and cash equivalents	$ 62.3	$ 304.8
Receivables, less allowance for doubtful accounts of $1.1 and $2.6	736.2	724.2
Inventories	1,210.0	932.0
Prepaid expenses and other current assets	150.6	166.2
Total current assets	2,159.1	2,127.2
Property, plant and equipment, net	3,406.4	2,808.0
Operating lease assets	135.9	146.1
Goodwill	1,056.6	1,040.7
Intangible assets, net	106.4	110.2
Other assets	381.3	287.6
Total assets	7,245.7	6,519.8
Current liabilities:
Short-term borrowings	538.4	158.5
Current portion of long-term debt and financing obligations	139.1	55.3
Accounts payable	684.1	636.6
Accrued liabilities	454.4	509.8
Total current liabilities	1,816.0	1,360.2
Long-term liabilities:
Long-term debt and financing obligations, excluding current portion	3,175.1	3,248.4
Deferred income taxes	254.6	252.1
Other noncurrent liabilities	241.8	247.8
Total long-term liabilities	3,671.5	3,748.3
Commitments and contingencies
Stockholders’ equity:
Common stock of $1.00 par value, 600,000,000 shares authorized; 150,727,425 and 150,293,511 shares issued	150.7	150.3
Treasury stock, at cost, 6,336,439 and 4,627,828 common shares	(480.1)	(314.3)
Additional distributed capital	(521.0)	(558.6)
Retained earnings	2,622.1	2,160.7
Accumulated other comprehensive loss	(13.5)	(26.8)
Total stockholders’ equity	1,758.2	1,411.3
Total liabilities and stockholders' equity	$ 7,245.7	$ 6,519.8