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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 24, 2025
May 25, 2025
ASSETS    
Cash and cash equivalents $ 698.1 $ 68.0
Receivables, less allowance for doubtful accounts of $4.2 and $3.6 756.5 770.0
Inventories 2,258.2 2,048.3
Prepaid expenses and other current assets 127.3 90.6
Current assets held for sale   94.1
Total current assets 3,840.1 3,071.0
Property, plant and equipment    
Property, plant and equipment 6,623.7 6,574.1
Less accumulated depreciation (3,807.9) (3,738.2)
Property, plant and equipment, net 2,815.8 2,835.9
Goodwill 10,501.6 10,501.9
Brands, trademarks and other intangibles, net 2,410.2 2,421.1
Other assets 1,579.5 1,571.0
Noncurrent assets held for sale 25.6 533.0
Assets 21,172.8 20,933.9
Current liabilities    
Notes payable 41.5 804.7
Current installments of long-term debt 1,015.7 1,028.8
Accounts and other payables 1,532.5 1,590.1
Accrued payroll 113.5 146.0
Other accrued liabilities 926.4 744.7
Current liabilities held for sale   2.7
Total current liabilities 3,629.6 4,317.0
Senior long-term debt, excluding current installments 7,222.6 6,234.1
Deferred Income taxes 810.6 810.3
Other noncurrent liabilities 594.2 639.6
Noncurrent liabilities held for sale   0.2
Total liabilities 12,257.0 12,001.2
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares;issued 584,219,229 2,921.2 2,921.2
Additional paid-in capital 2,287.0 2,347.2
Retained earnings 6,755.9 6,759.1
Accumulated other comprehensive income 16.7 16.3
Less treasury stock, at cost, 105,867,588 and 106,846,304 common shares (3,065.0) (3,111.1)
Total stockholders' equity 8,915.8 8,932.7
Liabilities and Equity $ 21,172.8 $ 20,933.9