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Consolidated Statements Of Cash Flows (USD $)
In Millions
3 Months Ended
Aug. 28, 2011
Aug. 29, 2010
Cash flows - operating activities    
Net earnings $ 106.6 $ 113.1
Losses from discontinued operations, net of tax benefit 0.2 0.2
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 84.1 76.7
Asset impairment charges 0 2.8
Amortization of loan costs 0.6 0.8
Stock-based compensation expense 11.5 13.2
Change in current assets and liabilities (82.0) 24.4
Contributions to pension and postretirement plan (11.5) (0.2)
Change in cash surrender value of trust-owned life insurance 9.1 0.9
Deferred income taxes 0.5 (13.5)
Change in deferred rent 4.4 4.3
Change in other liabilities (4.9) (8.2)
Income tax benefits from exercise of stock-based compensation credited to goodwill 0.3 0
Other, net (0.6) 0.4
Net cash provided by operating activities of continuing operations 118.3 214.9
Cash flows - investing activities    
Purchases of land, buildings and equipment (138.2) (113.2)
Proceeds from disposal of land, buildings and equipment 1.6 4.3
Purchases of marketable securities (5.5) (2.3)
Proceeds from sale of marketable securities 2.4 4.4
Increase in other assets (0.4) (2.9)
Net cash used in investing activities of continuing operations (140.1) (109.7)
Cash flows - financing activities    
Proceeds from issuance of common stock 22.7 5.7
Income tax benefits credited to equity 7.4 0.8
Dividends paid (57.7) (44.4)
Purchases of treasury stock (91.3) (95.6)
ESOP note receivable repayments 0.8 0.3
Proceeds from issuance of short-term debt, net 145.0 6.0
Repayment of long-term debt (0.8) (150.3)
Principal payments on capital leases (0.4) (0.4)
Net cash provided by (used in) financing activities of continuing operations 25.7 (277.9)
Cash flows - discontinued operations    
Net cash used in operating activities of discontinued operations (0.2) (0.1)
Net cash provided by investing activities of discontinued operations 0 1.5
Net cash (used in) provided by discontinued operations (0.2) 1.4
Increase (decrease) in cash and cash equivalents 3.7 (171.3)
Cash and cash equivalents- beginning of period 70.5 248.8
Cash and cash equivalents - end of period 74.2 77.5
Cash flows from changes in current assets and liabilities    
Receivables, net 1.0 5.0
Inventories (42.9) 10.8
Prepaid expenses and other current assets (2.6) (2.6)
Accounts payable 23.9 4.2
Accrued payroll (37.4) (33.5)
Prepaid/accrued income taxes 12.8 42.8
Other accrued taxes (0.7) (0.4)
Unearned revenues (22.2) (20.6)
Other current liabilities (13.9) 18.7
Change in current assets and liabilities $ (82.0) $ 24.4