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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Nov. 27, 2016
Nov. 29, 2015
Cash flows—operating activities    
Net earnings $ 189.7 $ 129.6
(Earnings) losses from discontinued operations, net of tax 1.1 (18.5)
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 134.6 156.4
Impairments and disposal of assets, net (7.7) 6.0
Amortization of loan costs and losses on interest-rate related derivatives 0.5 3.1
Stock-based compensation expense 18.0 17.3
Change in current assets and liabilities (72.6) (91.0)
Contributions to pension and postretirement plans (0.8) (0.7)
Change in cash surrender value of trust-owned life insurance (3.5) 1.8
Deferred income taxes (5.8) (58.8)
Change in deferred rent 15.9 10.7
Change in other assets and liabilities 15.1 (5.0)
Loss on extinguishment of debt 0.0 35.5
Other, net 9.8 4.2
Net cash provided by operating activities of continuing operations 294.3 190.6
Cash flows—investing activities    
Purchases of land, buildings and equipment (135.3) (122.2)
Proceeds from disposal of land, buildings and equipment 6.9 311.4
Purchases of marketable securities (0.9) 0.0
Proceeds from sale of marketable securities 2.0 0.8
Purchases of capitalized software and other assets (13.4) (10.5)
Net cash provided by (used in) investing activities of continuing operations (140.7) 179.5
Cash flows—financing activities    
Proceeds from issuance of common stock 46.0 62.1
Income tax benefits credited to equity 8.3 12.0
Special cash distribution from Four Corners Property Trust 0.0 315.0
Dividends paid (139.5) (140.6)
Repurchases of common stock (214.7) (0.4)
ESOP note receivable repayments 0.5 0.4
Repayment of long-term debt 0.0 (270.0)
Principal payments on capital and financing leases (1.8) (1.6)
Net cash used in financing activities of continuing operations (301.2) (23.1)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (10.4) (31.6)
Net cash provided by investing activities of discontinued operations 0.0 6.3
Net cash used in discontinued operations (10.4) (25.3)
Increase (decrease) in cash and cash equivalents (158.0) 321.7
Cash and cash equivalents - beginning of period 274.8 535.9
Cash and cash equivalents - end of period 116.8 857.6
Cash flows from changes in current assets and liabilities    
Receivables, net (1.7) 15.9
Inventories (8.3) (6.3)
Prepaid expenses and other current assets (5.3) (7.6)
Accounts payable (3.5) (1.2)
Accrued payroll (26.1) (31.0)
Prepaid/accrued income taxes 1.4 (7.1)
Other accrued taxes (0.2) (0.7)
Unearned revenues (12.9) (10.6)
Other current liabilities (16.0) (42.4)
Change in current assets and liabilities $ (72.6) $ (91.0)