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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Nov. 29, 2015
Nov. 23, 2014
Cash flows—operating activities    
Net earnings (loss) $ 129.6 $ 470.4
Earnings from discontinued operations, net of tax (18.5) (520.5)
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 156.4 158.8
Impairments and disposal of assets, net 6.0 46.3
Amortization of loan costs and losses on interest-rate related derivatives 3.1 4.9
Stock-based compensation expense 17.3 29.9
Change in current assets and liabilities (91.0) (68.6)
Contributions to pension and postretirement plans (0.7) (0.7)
Change in cash surrender value of trust-owned life insurance 1.8 (3.9)
Deferred income taxes (58.8) (33.9)
Change in deferred rent 10.7 13.0
Change in other assets and liabilities (5.0) 9.6
Loss on extinguishment of debt 35.5 90.5
Other, net 4.2 2.1
Net cash provided by operating activities of continuing operations 190.6 197.9
Cash flows—investing activities    
Purchases of land, buildings and equipment (122.2) (167.4)
Proceeds from disposal of land, buildings and equipment 311.4 10.7
Proceeds from sale of marketable securities 0.8 7.7
Increase in other assets (10.5) (7.4)
Net cash provided by (used in) investing activities of continuing operations 179.5 (156.4)
Cash flows—financing activities    
Proceeds from issuance of common stock 62.1 50.9
Income tax benefits credited to equity 12.0 4.0
Special cash distribution from Four Corners Property Trust 315.0 0.0
Dividends paid (140.6) (140.9)
Repurchases of common stock (0.4) (2.0)
ESOP note receivable repayment 0.4 0.3
Proceeds from issuance of short-term debt 0.0 397.4
Repayments of short-term debt 0.0 (585.0)
Repayment of long-term debt (270.0) (1,059.4)
Principal payments on capital and financing leases (1.6) (1.2)
Payment for accelerated share repurchase program 0.0 (500.0)
Proceeds from financing lease obligation 0.0 93.1
Net cash used in financing activities of continuing operations (23.1) (1,742.8)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (31.6) (223.6)
Net cash provided by investing activities of discontinued operations 6.3 1,984.1
Net cash (used in) provided by discontinued operations (25.3) 1,760.5
Increase in cash and cash equivalents 321.7 59.2
Cash and cash equivalents - beginning of period 535.9 98.3
Cash and cash equivalents - end of period 857.6 157.5
Cash flows from changes in current assets and liabilities    
Receivables, net 15.9 16.2
Inventories (6.3) 34.9
Prepaid expenses and other current assets (7.6) 13.8
Accounts payable (1.2) (36.9)
Accrued payroll (31.0) (13.2)
Prepaid/accrued income taxes (7.1) (34.0)
Other accrued taxes (0.7) 8.0
Unearned revenues (10.6) (21.6)
Other current liabilities (42.4) (35.8)
Change in current assets and liabilities $ (91.0) $ (68.6)