XML 41 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Feb. 26, 2012
Feb. 27, 2011
Cash Flows - Operating Activities    
Net earnings, including earnings attributable to redeemable and noncontrolling interests $ 1,254.3 $ 1,482.4
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 398.8 354.5
After-tax earnings from joint ventures (72.7) (66.6)
Stock-based compensation 88.4 81.4
Deferred income taxes 49.9 105.8
Tax benefit on exercised options (58.7) (75.1)
Distributions of earnings from joint ventures 43.2 31.4
Pension and other postretirement benefit plan contributions (15.5) (11.3)
Pension and other postretirement benefit plan expense (income) 58.4 55.1
Divestiture (gain) 0 (14.3)
Restructuring, impairment, and other exit costs ( income) (2.6) (2.5)
Changes in current assets and liabilities 66.7 (612.4)
Other, net (153.0) (80.3)
Net cash provided by operating activities 1,657.2 1,248.1
Cash Flows - Investing Activities    
Purchases of land, buildings, and equipment (423.9) (423.4)
Acquisitions (900.1) (84.8)
Investment in affilates, net (22.1) (1.8)
Proceeds from disposal of land, buildings, and equipment 1.4 3.5
Proceends from divestiture of product line 0 24.9
Exchangeable Note (131.6) 0
Other, net 6.6 14.7
Net cash provided (used) by investing activities (1,469.7) (466.9)
Cash Flows - Financing Activities    
Change in notes payable 384.9 (78.4)
Issuance of long-term debt 1,390.5 500.0
Payment of long-term debt (1,439.3) (5.5)
Proceeds from common stock issued on exercised options 208.5 256.3
Tax benefit on exercised options 58.7 75.1
Purchases of common stock for treasury (312.5) (1,163.5)
Dividends paid (599.5) (547.5)
Other, net (8.4) (8.5)
Net cash used by financing activities (317.1) (972.0)
Effect of exchange rate changes on cash and cash equivalents (4.7) 57.9
Increase (decrease) in cash and cash equivalents (134.3) (132.9)
Cash and cash equivalents - beginning of year 619.6 673.2
Cash and cash equivalents - end of period 485.3 540.3
Cash Flow from Changes in Current Assets and Liabilities    
Receivables (115.0) (110.3)
Inventories 111.8 (304.6)
Prepaid expenses and other current assets 146.4 (33.0)
Accounts payable (76.8) 4.1
Other current liabilities 0.3 (168.6)
Changes in current assets and liabilities $ 66.7 $ (612.4)