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Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
May 27, 2012
May 29, 2011
May 30, 2010
Cash flows - operating activities      
Net earnings $ 475.5 $ 476.3 $ 404.5
(Losses) earnings from discontinued operations, net of tax 1.0 2.4 2.5
Adjustments to reconcile net earnings from continuing operations to cash flows:      
Depreciation and amortization 349.1 316.8 300.9
Asset impairment charges, net 0.5 4.7 6.2
Amortization of loan costs 6.7 2.8 3.3
Stock-based compensation expense 56.1 66.6 53.5
Change in current assets and liabilities (191.4) 12.2 144.3
Contributions to pension and postretirement plan (22.7) (13.2) (0.6)
Loss on disposal of land, buildings and equipment 7.1 6.9 0.3
Change in cash surrender value of trust-owned life insurance 4.1 (13.7) (7.7)
Deferred income taxes 36.1 28.8 (10.2)
Change in deferred rent 18.5 17.1 15.4
Change in other liabilities 15.8 (15.4) (14.4)
Income tax benefits from exercise of stock-based compensation credited to Goodwill 0.6 0.2 1.4
Other, net 5.2 2.2 4.0
Net cash provided by operating activities of continuing operations 762.2 894.7 903.4
Cash flows - investing activities      
Purchases of land, buildings and equipment (639.7) (547.7) (432.1)
Proceeds from disposal of land, buildings and equipment 3.3 7.0 12.5
Purchases of marketable securities (32.1) (6.5) (15.5)
Proceeds from sale of marketable securities 21.3 5.1 12.8
Cash used in business acquisitions, net of cash acquired (58.5) 0 0
Increase in other assets (15.9) (10.6) (6.4)
Net cash used in investing activities of continuing operations (721.6) (552.7) (428.7)
Cash flows - financing activities      
Proceeds from issuance of common stock 70.2 63.0 66.3
Income tax benefits credited to equity 17.9 17.7 20.1
Dividends paid (223.9) (175.5) (140.0)
Purchases of treasury stock (375.1) (385.5) (85.1)
ESOP note receivable repayments 2.1 1.8 1.8
Proceeds from issuance of short-term debt 2,321.0 1,454.9 401.2
Repayments of short-term debt (2,243.8) (1,269.4) (551.2)
Repayment of long-term debt (2.1) (226.8) (1.8)
Principal payments on capital leases (1.6) (1.2) (1.3)
Proceeds from issuance of long-term debt 400.0 0 0
Payment of debt issuance costs (5.1) 0 0
Net cash used in financing activities of continuing operations (40.4) (521.0) (290.0)
Cash flows - discontinued operations      
Net cash used in operating activities of discontinued operations (0.5) (2.1) (1.4)
Net cash provided by investing activities of discontinued operations 0.3 2.8 2.6
Net cash provided by discontinued operations (0.2) 0.7 1.2
(Decrease) increase in cash and cash equivalents 0 (178.3) 185.9
Cash and cash equivalents- beginning of year 70.5 248.8 62.9
Cash and cash equivalents - end of year 70.5 70.5 248.8
Cash flows from changes in current assets and liabilities      
Receivables, net (6.1) (5.9) (15.8)
Inventories (103.0) (79.3) 26.2
Prepaid expenses and other current assets (6.6) (5.0) (5.0)
Accounts payable (10.2) 5.5 27.6
Accrued payroll (13.3) 5.3 23.6
Prepaid/accrued income taxes (16.3) 4.7 52.7
Other accrued taxes (3.9) 2.3 1.8
Unearned revenues 31.1 27.3 26.9
Other current liabilities 63.1 (57.3) (6.3)
Change in current assets and liabilities $ (191.4) $ 12.2 $ 144.3