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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
12 Months Ended
May 29, 2011
May 30, 2010
May 31, 2009
Cash Flows - Operating Activities      
Net earnings, including earnings attributable to noncontrolling interests $ 1,803.5 $ 1,535.0 $ 1,313.7
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 472.6 457.1 453.6
After-tax earnings from joint ventures (96.4) (101.7) (91.9)
Stock-based compensation 105.3 107.3 117.7
Deferred income taxes 205.3 22.3 215.8
Tax benefit on exercised options (106.2) (114.0) (89.1)
Dividends received 72.7 88.0 68.5
Pension and other postretirement benefit plan contributions (220.8) (17.2) (220.3)
Pension and other postretirement benefit plan (income) expense 73.6 (37.9) (27.5)
Divestiture (gain), net (17.4) 0 (84.9)
Gain on insurance settlement 0 0 (41.3)
Restructuring, impairment, and other exit costs (income) (1.3) 23.4 31.3
Changes in current assets and liabilities (720.9) 143.4 176.9
Other, net (43.2) 75.5 5.7
Net cash provided by operating activities 1,526.8 2,181.2 1,828.2
Cash Flows - Investing Activities      
Purchases of land, buildings, and equipment (648.8) (649.9) (562.6)
Acquisitions (123.3) 0 0
Investment in affilates, net (1.8) (130.7) 5.9
Proceeds from disposal of land, buildings, and equipment 4.1 7.4 4.1
Proceeds from divestiture of product lines 34.4 0 244.7
Proceeds from insurance settlement 0 0 41.3
Other, net 20.3 52.0 (22.3)
Net cash used by investing activities (715.1) (721.2) (288.9)
Cash Flows - Financing Activities      
Change in notes payable (742.6) 235.8 (1,390.5)
Issuance of long-term debt 1,200.0 0 1,850.0
Payment of long-term debt (7.4) (906.9) (370.3)
Proceeds from common stock issued on exercised options 410.4 388.8 305.2
Tax benefit on exercised options 106.2 114.0 89.1
Purchases of common stock for treasury (1,163.5) (691.8) (1,296.4)
Dividends paid (729.4) (643.7) (579.5)
Other, net (10.3) 0 (12.1)
Net cash used by financing activities (936.6) (1,503.8) (1,404.5)
Effect of exchange rate changes on cash and cash equivalents 71.3 (32.8) (46.0)
Increase (decrease) in cash and cash equivalents (53.6) (76.6) 88.8
Cash and cash equivalents - beginning of year 673.2 749.8 661.0
Cash and cash equivalents - end of year 619.6 673.2 749.8
Cash Flow from Changes in Current Assets and Liabilities      
Receivables (69.8) (121.1) 81.8
Inventories (240.0) (16.7) (28.1)
Prepaid expenses and other current assets (96.0) 53.5 30.2
Accounts payable 109.0 69.6 (116.4)
Other current liabilities (424.1) 158.1 209.4
Changes in current assets and liabilities $ (720.9) $ 143.4 $ 176.9