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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 28, 2016
May 29, 2016
Current assets:    
Cash and cash equivalents $ 114.7 $ 274.8
Receivables, net 56.3 64.0
Inventories 161.8 175.4
Prepaid income taxes 10.2 46.1
Prepaid expenses and other current assets 82.3 76.4
Deferred income taxes 168.6 163.3
Assets held for sale 16.9 20.3
Total current assets 610.8 820.3
Land, buildings and equipment, net of accumulated depreciation and amortization of $1,870.9 and $1,819.0, respectively 2,035.9 2,041.6
Goodwill 872.3 872.3
Trademarks 574.6 574.6
Other assets 276.7 273.8
Total assets 4,370.3 4,582.6
Current liabilities:    
Accounts payable 214.1 241.9
Accrued payroll 111.0 135.1
Accrued income taxes 7.1 0.0
Other accrued taxes 53.7 49.1
Unearned revenues 327.6 360.4
Other current liabilities 418.6 400.6
Total current liabilities 1,132.1 1,187.1
Long-term debt, less current portion 440.2 440.0
Deferred income taxes 257.6 255.2
Deferred rent 257.1 249.7
Other liabilities 482.0 498.6
Total liabilities 2,569.0 2,630.6
Stockholders’ equity:    
Common stock and surplus 1,472.4 1,502.6
Retained earnings 429.3 547.5
Treasury stock (7.8) (7.8)
Accumulated other comprehensive income (loss) (89.4) (87.0)
Unearned compensation (3.2) (3.3)
Total stockholders’ equity 1,801.3 1,952.0
Total liabilities and stockholders’ equity $ 4,370.3 $ 4,582.6