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Consolidated Balance Sheets - USD ($)
$ in Millions
May. 31, 2015
May. 25, 2014
Current assets:    
Cash and cash equivalents $ 535.9 $ 98.3
Receivables, net 78.0 83.8
Inventories 163.9 196.8
Prepaid income taxes 18.9 10.9
Prepaid expenses and other current assets 69.4 71.7
Deferred income taxes 157.4 124.0
Assets held for sale 32.9 1,390.3
Total current assets 1,056.4 1,975.8
Land, buildings and equipment, net 3,215.8 3,381.0
Goodwill 872.4 872.5
Trademarks 574.6 574.6
Other assets 275.5 278.8
Total assets 5,994.7 7,082.7
Current liabilities:    
Accounts payable 198.8 233.1
Short-term debt 0.0 207.6
Accrued payroll 141.1 125.7
Accrued income taxes 12.6 0.0
Other accrued taxes 51.5 64.5
Unearned revenues 328.6 299.7
Current portion of long-term debt 15.0 15.0
Other current liabilities 449.1 457.4
Liabilities associated with assets held for sale 0.0 215.5
Total current liabilities 1,196.7 1,618.5
Long-term debt, less current portion 1,452.3 2,463.4
Deferred income taxes 341.8 286.1
Deferred rent 225.9 206.2
Other liabilities 444.5 351.6
Total liabilities 3,661.2 4,925.8
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 127.9 and 133.6 shares, respectively; outstanding 126.7 and 132.3 shares, respectively 1,405.9 1,302.2
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings 1,026.0 995.8
Treasury stock, 1.3 and 1.3 shares, at cost, respectively (7.8) (7.8)
Accumulated other comprehensive income (loss) (86.6) (128.1)
Unearned compensation (4.0) (5.2)
Total stockholders’ equity 2,333.5 2,156.9
Total liabilities and stockholders’ equity $ 5,994.7 $ 7,082.7