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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 27, 2017
Aug. 28, 2016
Cash flows—operating activities    
Net earnings $ 119.0 $ 110.2
Losses from discontinued operations, net of tax 2.3 0.9
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 76.1 66.8
Impairments and disposal of assets, net (0.8) (7.8)
Amortization of loan costs and losses on interest-rate related derivatives 0.1 0.3
Stock-based compensation expense 8.4 6.2
Change in current assets and liabilities (53.2) (13.9)
Contributions to pension and postretirement plans (0.4) (0.4)
Change in cash surrender value of trust-owned life insurance (1.0) (2.3)
Deferred income taxes 22.4 (3.5)
Change in deferred rent 9.6 7.1
Change in other assets and liabilities (2.6) (0.7)
Other, net (0.5) 10.2
Net cash provided by operating activities of continuing operations 179.4 173.1
Cash flows—investing activities    
Purchases of land, buildings and equipment (95.7) (60.1)
Proceeds from disposal of land, buildings and equipment 2.9 3.8
Proceeds from sale of marketable securities 1.0 0.0
Purchases of capitalized software and other assets (4.9) (6.8)
Net cash used in investing activities of continuing operations (96.7) (63.1)
Cash flows—financing activities    
Proceeds from issuance of common stock 15.8 3.3
Income tax benefits credited to equity 0.0 0.6
Dividends paid (79.1) (70.5)
Repurchases of common stock (100.2) (195.6)
ESOP note receivable repayments 0.1 0.1
Principal payments on capital and financing leases (1.0) (1.0)
Net cash used in financing activities of continuing operations (164.4) (263.1)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (4.6) (7.0)
Net cash used in discontinued operations (4.6) (7.0)
Decrease in cash and cash equivalents (86.3) (160.1)
Cash and cash equivalents - beginning of period 233.1 274.8
Cash and cash equivalents - end of period 146.8 114.7
Cash flows from changes in current assets and liabilities    
Receivables, net 18.9 11.8
Inventories 2.6 13.6
Prepaid expenses and other current assets (8.5) (4.9)
Accounts payable (5.7) (27.7)
Accrued payroll (25.2) (24.1)
Prepaid/accrued income taxes 12.9 42.9
Other accrued taxes 7.1 4.6
Unearned revenues (33.4) (26.1)
Other current liabilities (21.9) (4.0)
Change in current assets and liabilities $ (53.2) $ (13.9)