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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 28, 2017
May 29, 2016
May 31, 2015
Cash flows - operating activities      
Net earnings $ 479.1 $ 375.0 $ 709.5
(Earnings) losses from discontinued operations, net of tax 3.4 (15.3) (513.1)
Adjustments to reconcile net earnings from continuing operations to cash flows:      
Depreciation and amortization 272.9 290.2 319.3
Impairments and disposal of assets, net (8.4) 5.8 62.1
Amortization of loan costs and losses on interest-rate related derivatives 1.0 3.6 8.6
Stock-based compensation expense 40.7 37.3 53.7
Change in current assets and liabilities 112.6 13.7 76.3
Contributions to pension and postretirement plans (1.6) (26.5) (1.5)
Change in cash surrender value of trust-owned life insurance (10.3) 3.3 (6.5)
Deferred income taxes (22.9) (10.8) 42.0
Change in deferred rent 32.9 23.8 22.0
Change in other assets and liabilities (5.0) 5.3 3.8
Loss on extinguishment of debt 0.0 106.8 91.3
Other, net 23.8 8.2 6.8
Net cash provided by operating activities of continuing operations 918.2 820.4 874.3
Cash flows - investing activities      
Purchases of land, buildings and equipment (293.0) (228.3) (296.5)
Proceeds from disposal of land, buildings and equipment 8.3 325.2 67.9
Purchases of marketable securities (0.9) 0.0 0.0
Proceeds from sale of marketable securities 3.7 1.8 9.7
Cash used in business acquisitions, net of cash acquired (764.4) 0.0 0.0
Purchases of capitalized software and other assets (25.3) (23.3) (16.2)
Net cash provided by (used in) investing activities of continuing operations (1,071.6) 75.4 (235.1)
Cash flows - financing activities      
Proceeds from issuance of common stock 113.1 99.3 159.7
Income tax benefits credited to equity 27.2 17.5 18.4
Special cash distribution from Four Corners Property Trust 0.0 315.0 0.0
Dividends paid (279.1) (268.2) (278.9)
Repurchases of common stock (230.2) (184.8) (502.3)
ESOP note receivable repayments 0.8 0.6 1.2
Proceeds from issuance of short-term debt 0.0 0.0 397.4
Repayments of short-term debt 0.0 0.0 (605.0)
Repayments of long-term debt 0.0 (1,096.8) (1,065.9)
Proceeds from issuance of long-term debt 500.0 0.0 0.0
Payment of debt issuance costs (4.4) 0.0 0.0
Principal payments on capital and financing leases (3.9) (3.4) (2.2)
Proceeds from financing lease obligation 5.7 0.0 93.1
Net cash provided by (used) in financing activities of continuing operations 129.2 (1,120.8) (1,784.5)
Cash flows - discontinued operations      
Net cash used in operating activities of discontinued operations (18.3) (42.4) (403.3)
Net cash provided by investing activities of discontinued operations 0.8 6.3 1,986.2
Net cash provided by (used) in discontinued operations (17.5) (36.1) 1,582.9
Increase (decrease) in cash and cash equivalents (41.7) (261.1) 437.6
Cash and cash equivalents - beginning of year 274.8 535.9 98.3
Cash and cash equivalents - end of year 233.1 274.8 535.9
Cash flows from changes in current assets and liabilities      
Receivables, net (6.5) 14.0 7.8
Inventories 5.0 (11.8) 64.5
Prepaid expenses and other current assets (1.1) (10.8) 2.9
Accounts payable (9.0) 45.6 (20.9)
Accrued payroll 0.8 (5.9) 23.4
Prepaid/accrued income taxes 41.4 (21.3) (13.8)
Other accrued taxes 0.4 (1.4) 2.2
Unearned revenues 41.6 46.0 34.9
Other current liabilities 40.0 (40.7) (24.7)
Change in current assets and liabilities $ 112.6 $ 13.7 $ 76.3