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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Nov. 28, 2021
Nov. 29, 2020
Cash Flows - Operating Activities    
Net earnings, including earnings attributable to redeemable and noncontrolling interests $ 1,246.6 $ 1,342.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 286.9 295.1
After-tax earnings from joint ventures (62.1) (77.7)
Distributions of earnings from joint ventures 35.8 29.7
Stock-based compensation 47.9 48.7
Deferred income taxes 56.4 42.3
Pension and other postretirement benefit plan contributions (12.5) (15.6)
Pension and other postretirement benefit plan costs (14.4) (16.9)
Restructuring, impairment, and other exit costs (44.2) (3.6)
Changes in current assets and liabilities, excluding the effects of acquisition (88.7) (147.8)
Other, net 46.1 (69.7)
Net cash provided by operating activities 1,497.8 1,426.8
Cash Flows - Investing Activities    
Purchases of land, buildings, and equipment (224.3) (226.2)
Acquisition, net of cash acquired (1,198.6) 0.0
Investments In affiliates, net 4.8 18.1
Proceeds from disposal of land, buildings, and equipment 1.5 0.4
Other, net 20.6 (3.6)
Net cash used by investing activities (1,396.0) (211.3)
Cash Flows - Financing Activities    
Change in notes payable 854.2 (159.6)
Issuance of long-term debt 1,935.0 971.3
Payment of long-term debt (2,221.7) (555.0)
Proceeds from common stock issued on exercised options 26.1 31.1
Purchases of common stock for treasury (375.0) (0.1)
Dividends paid (623.2) (617.7)
Distributions to noncontrolling and redeemable interest holders (2.5) (4.8)
Other, net (20.1) (18.8)
Net cash (used) by financing activities (427.2) (353.6)
Effect of exchange rate changes on cash and cash equivalents (35.1) 43.1
(Decrease) increase in cash and cash equivalents (360.5) 905.0
Cash and cash equivalents - beginning of year 1,505.2 1,677.8
Cash and cash equivalents - end of period (includes $123.7 million of cash classified as held for sale as of November 28, 2021) 1,144.7 2,582.8
Cash Flow from changes in current assets and liabilities, excluding the effects of acquisition:    
Receivables (237.3) (135.2)
Inventories 9.2 (258.6)
Prepaid expenses and other current assets (1.2) 81.6
Accounts payable (28.4) 165.8
Other current liabilities 169.0 (1.4)
Changes in current assets and liabilities $ (88.7) $ (147.8)