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Consolidated Balance Sheets - USD ($)
$ in Millions
May 26, 2019
May 27, 2018
Current assets:    
Cash and cash equivalents $ 457.3 $ 146.9
Receivables, net 88.3 83.7
Inventories 207.3 205.3
Prepaid income taxes 41.6 15.9
Prepaid expenses and other current assets 98.1 89.9
Assets held for sale 0.0 11.9
Total current assets 892.6 553.6
Land, buildings and equipment, net 2,552.6 2,429.8
Goodwill 1,183.7 1,183.7
Trademarks 950.8 950.8
Other assets 313.1 351.7
Total assets 5,892.8 5,469.6
Current liabilities:    
Accounts payable 332.6 277.0
Accrued payroll 175.3 177.5
Accrued income taxes 11.6 0.0
Other accrued taxes 54.2 56.6
Unearned revenues 428.5 415.8
Other current liabilities 471.9 457.6
Total current liabilities 1,474.1 1,384.5
Long-term debt 927.7 926.5
Deferred income taxes 156.9 114.0
Deferred rent 354.4  
Deferred rent   318.0
Other liabilities 587.1 531.8
Total liabilities 3,500.2 3,274.8
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 123.1 and 124.8 shares, respectively; outstanding 123.1 and 123.5 shares, respectively 1,685.0 1,631.9
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings 806.6 657.6
Treasury stock, 0.0 and 1.3 shares, at cost, respectively 0.0 (7.8)
Accumulated other comprehensive income (loss) (98.2) (85.2)
Unearned compensation (0.8) (1.7)
Total stockholders’ equity 2,392.6 2,194.8
Total liabilities and stockholders’ equity $ 5,892.8 $ 5,469.6