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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Aug. 28, 2016
Aug. 30, 2015
Cash flows—operating activities    
Net earnings $ 110.2 $ 86.4
Earnings from discontinued operations, net of tax 0.9 (5.4)
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 66.8 81.1
Impairments and disposal of assets, net (7.8) (1.7)
Amortization of loan costs and losses on interest-rate related derivatives 0.3 1.8
Stock-based compensation expense 6.2 10.2
Change in current assets and liabilities (13.9) (22.5)
Contributions to pension and postretirement plans (0.4) (0.3)
Change in cash surrender value of trust-owned life insurance (2.3) 4.7
Deferred income taxes (3.5) (24.0)
Change in deferred rent 7.1 4.8
Change in other assets and liabilities (0.7) (0.4)
Other, net 10.2 3.3
Net cash provided by operating activities of continuing operations 173.1 138.0
Cash flows—investing activities    
Purchases of land, buildings and equipment (60.1) (64.9)
Proceeds from disposal of land, buildings and equipment 3.8 130.2
Purchases of capitalized software and other assets (6.8) (3.7)
Net cash provided by (used in) investing activities of continuing operations (63.1) 61.6
Cash flows—financing activities    
Proceeds from issuance of common stock 3.3 56.9
Income tax benefits credited to equity 0.6 11.6
Dividends paid (70.5) (70.0)
Repurchases of common stock (195.6) 0.0
ESOP note receivable repayments 0.1 0.3
Repayment of long-term debt 0.0 (15.0)
Principal payments on capital and financing leases (1.0) (0.8)
Net cash used in financing activities of continuing operations (263.1) (17.0)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (7.0) (28.4)
Net cash used in discontinued operations (7.0) (28.4)
Increase (decrease) in cash and cash equivalents (160.1) 154.2
Cash and cash equivalents - beginning of period 274.8 535.9
Cash and cash equivalents - end of period 114.7 690.1
Cash flows from changes in current assets and liabilities    
Receivables, net 11.8 18.4
Inventories 13.6 1.3
Prepaid expenses and other current assets (4.9) (5.4)
Accounts payable (27.7) 9.8
Accrued payroll (24.1) (34.6)
Prepaid/accrued income taxes 42.9 30.7
Other accrued taxes 4.6 2.8
Unearned revenues (26.1) (23.5)
Other current liabilities (4.0) (22.0)
Change in current assets and liabilities $ (13.9) $ (22.5)