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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 26, 2019
May 27, 2018
May 28, 2017
Cash flows - operating activities      
Net earnings $ 713.4 $ 596.0 $ 479.1
Losses from discontinued operations, net of tax 5.2 7.8 3.4
Adjustments to reconcile net earnings from continuing operations to cash flows:      
Depreciation and amortization 336.7 313.1 272.9
Impairments and disposal of assets, net 19.0 3.4 (8.4)
Stock-based compensation expense 59.8 42.8 40.7
Change in current assets and liabilities 36.4 (8.0) 112.6
Contributions to pension and postretirement plans (1.7) (62.0) (1.6)
Deferred income taxes 47.5 (20.6) (22.9)
Change in deferred rent 34.3 36.6 32.9
Change in other assets and liabilities 9.5 14.6 (5.0)
Loss on extinguishment of debt 0.0 102.2 0.0
Other, net 7.5 (6.1) 12.6
Net cash provided by operating activities of continuing operations 1,267.6 1,019.8 916.3
Cash flows - investing activities      
Purchases of land, buildings and equipment (452.0) (396.0) (293.0)
Proceeds from disposal of land, buildings and equipment 13.2 3.3 8.3
Cash used in business acquisitions, net of cash acquired 0.0 (40.4) (764.4)
Purchases of capitalized software and other assets (25.9) (22.8) (25.3)
Other, net 2.1 4.8 4.7
Net cash used in investing activities of continuing operations (462.6) (451.1) (1,069.7)
Cash flows - financing activities      
Proceeds from issuance of common stock 59.3 37.8 113.1
Income tax benefits credited to equity 0.0 0.0 27.2
Dividends paid (370.8) (313.5) (279.1)
Repurchases of common stock (207.5) (234.8) (230.2)
Proceeds from issuance of short-term debt 137.5 960.0 0.0
Repayments of short-term debt (137.5) (960.0) 0.0
Repayments of long-term debt 0.0 (408.2) 0.0
Proceeds from issuance of long-term debt 0.0 300.0 500.0
Principal payments on capital and financing leases (6.2) (5.4) (3.9)
Proceeds from financing lease obligation 40.9 0.0 5.7
Other, net 0.1 (12.5) (3.6)
Net cash provided by (used) in financing activities of continuing operations (484.2) (636.6) 129.2
Cash flows - discontinued operations      
Net cash used in operating activities of discontinued operations (10.4) (18.5) (18.3)
Net cash provided by investing activities of discontinued operations 0.0 0.2 0.8
Net cash used in discontinued operations (10.4) (18.3) (17.5)
Increase (decrease) in cash and cash equivalents 310.4 (86.2) (41.7)
Cash and cash equivalents - beginning of year 146.9 233.1 274.8
Cash and cash equivalents - end of year 457.3 146.9 233.1
Cash flows from changes in current assets and liabilities      
Receivables, net 2.1 (7.2) (6.5)
Inventories (2.1) (26.6) 5.0
Prepaid expenses and other current assets (8.2) (12.5) (1.1)
Accounts payable 55.0 12.6 (9.0)
Accrued payroll (2.2) 25.9 0.8
Prepaid/accrued income taxes (14.2) (9.9) 41.4
Other accrued taxes (2.4) 1.6 0.4
Unearned revenues 11.3 33.5 41.6
Other current liabilities (2.9) (25.4) 40.0
Change in current assets and liabilities $ 36.4 $ (8.0) $ 112.6