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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Nov. 29, 2015
Nov. 23, 2014
Cash flows from operating activities:    
Net income (loss) $ (993.1) $ 500.4
Income (loss) from discontinued operations (1,326.1) 185.5
Income from continuing operations 333.0 314.9
Adjustments to reconcile income (loss) from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 188.8 191.4
Asset impairment charges 1.7 7.4
Lease cancellation expense 48.5 0.0
Earnings of affiliates in excess of distributions (54.1) (52.4)
Share-based payments expense 34.6 32.6
Contributions to pension plans (6.0) (6.0)
Pension benefit 0.0 (4.6)
Other items (23.6) 14.7
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:    
Accounts receivable (126.0) (108.8)
Inventory (253.9) (391.1)
Deferred income taxes and income taxes payable, net (124.7) 19.5
Prepaid expenses and other current assets 23.2 30.0
Accounts payable 83.1 219.8
Accrued payroll (0.1) 47.3
Other accrued liabilities 68.8 (28.3)
Net cash flows from operating activities — continuing operations 193.3 286.4
Net cash flows from operating activities — discontinued operations 124.7 131.3
Net cash flows from operating activities 318.0 417.7
Cash flows from investing activities:    
Additions to property, plant and equipment (176.7) (157.6)
Sale of property, plant and equipment 18.9 2.3
Purchase of business, net of cash acquired 0.0 (75.4)
Purchase of intangible assets (10.4) 0.0
Return of investment in equity method investee 0.0 391.4
Other 0.3 0.0
Net cash flows from investing activities — continuing operations (167.9) 160.7
Net cash flows from investing activities — discontinued operations (69.1) 71.9
Net cash flows from investing activities (237.0) 232.6
Cash flows from financing activities:    
Net short-term borrowings 187.1 392.8
Issuance of long-term debt 0.0 550.0
Repayment of long-term debt (255.3) (1,489.2)
Cash dividends paid (215.0) (211.7)
Exercise of stock options and issuance of other stock awards 153.3 55.2
Other items (2.8) (6.9)
Net cash flows from financing activities — continuing operations (132.7) (709.8)
Net cash flows from financing activities — discontinued operations 0.0 (0.2)
Net cash flows from financing activities (132.7) (710.0)
Effect of exchange rate changes on cash and cash equivalents (3.0) (1.5)
Net change in cash and cash equivalents (54.7) (61.2)
Discontinued operations cash activity included above:    
Add: Cash balance included in assets held for sale at beginning of period 18.4 64.9
Less: Cash balance included in assets held for sale at end of period 32.5 22.0
Cash and cash equivalents at beginning of period 164.7 118.2
Cash and cash equivalents at end of period $ 95.9 $ 99.9