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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Nov. 27, 2011
May 29, 2011
Current assets:    
Cash and cash equivalents $ 50.2 $ 70.5
Receivables, net 75.8 65.4
Inventories 396.6 300.1
Prepaid income taxes 36.7 5.2
Prepaid expenses and other current assets 69.0 77.0
Deferred income taxes 169.7 145.6
Total current assets 798.0 663.8
Land, buildings and equipment, net of accumulated depreciation and amortization of $2,652.6 and $2,545.4, respectively 3,838.5 3,622.0
Goodwill 533.6 517.1
Trademarks 471.0 454.0
Other assets 223.5 209.7
Total assets 5,864.6 5,466.6
Current liabilities:    
Accounts payable 271.6 251.3
Short-term debt 455.0 185.5
Accrued payroll 127.5 167.1
Accrued income taxes 0 9.3
Other accrued taxes 57.1 64.3
Unearned revenues 190.5 200.0
Current portion of long-term debt 349.9 0
Other current liabilities 413.2 409.3
Total current liabilities 1,864.8 1,286.8
Long-term debt, less current portion 1,453.3 1,407.3
Deferred income taxes 363.9 345.4
Deferred rent 194.9 186.2
Obligations under capital leases, net of current installments 55.2 56.0
Other liabilities 218.6 248.7
Total liabilities 4,150.7 3,530.4
Stockholders' equity:    
Common stock and surplus 2,457.9 2,408.8
Retained earnings 2,968.5 2,921.9
Treasury stock (3,602.4) (3,325.3)
Accumulated other comprehensive income (loss) (101.9) (59.8)
Unearned compensation (8.2) (9.4)
Total stockholders' equity 1,713.9 1,936.2
Total liabilities and stockholders' equity $ 5,864.6 $ 5,466.6