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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 02, 2023
Jun. 03, 2023
Current Assets:    
Cash and cash equivalents $ 225.8 $ 223.5
Accounts receivable, net of allowance of $9.5 and $6.4 319.9 334.1
Unbilled accounts receivable 24.9 29.4
Inventories, net 448.2 487.4
Prepaid expenses 82.0 92.7
Assets held for sale 4.6 0.0
Other current assets 8.9 9.1
Total current assets 1,114.3 1,176.2
Property and equipment, at cost 1,578.6 1,570.7
Less — accumulated depreciation (1,060.7) (1,034.4)
Net property and equipment 517.9 536.3
Right of use assets 382.5 415.9
Goodwill 1,227.6 1,221.7
Indefinite-lived intangibles 482.7 480.7
Other amortizable intangibles, net of accumulated amortization of $205.0 and $185.2 297.0 313.1
Other noncurrent assets 133.5 130.9
Total Assets 4,155.5 4,274.8
Current Liabilities:    
Accounts payable 250.7 269.5
Short-term borrowings and current portion of long-term debt 38.8 33.4
Accrued compensation and benefits 95.8 61.7
Short-term lease liability 76.1 77.1
Accrued warranty 18.8 20.8
Customer deposits 92.9 93.8
Other accrued liabilities 140.7 146.5
Total current liabilities 713.8 702.8
Long-term debt 1,278.2 1,365.1
Pension and post-retirement benefits 7.7 7.5
Lease liabilities 360.7 393.7
Other liabilities 264.9 265.5
Total Liabilities 2,625.3 2,734.6
Redeemable noncontrolling interests 109.6 107.6
Stockholders' Equity:    
Preferred stock, no par value (10,000,000 shares authorized, none issued) 0.0 0.0
Common stock, $0.20 par value (240,000,000 shares authorized, 73,077,659 and 75,698,670 shares issued and outstanding in fiscal 2024 and 2023, respectively) 14.6 15.1
Additional paid-in capital 791.5 836.5
Retained earnings 698.6 676.1
Accumulated other comprehensive loss (84.1) (95.1)
Total Stockholders' Equity 1,420.6 1,432.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,155.5 $ 4,274.8