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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Aug. 25, 2019
May 26, 2019
Current assets:    
Cash and cash equivalents $ 350.8 $ 457.3
Receivables, net 51.1 88.3
Inventories 199.0 207.3
Prepaid income taxes 1.0 41.6
Prepaid expenses and other current assets 68.4 98.1
Total current assets 670.3 892.6
Land, buildings and equipment, net of accumulated depreciation and amortization of $2,515.2 and $2,482.6, respectively 2,611.0 2,552.6
Operating lease right-of-use assets 3,996.7 0.0
Goodwill 1,199.7 1,183.7
Trademarks 950.8 950.8
Other assets 291.0 313.1
Total assets 9,719.5 5,892.8
Current liabilities:    
Accounts payable 343.7 332.6
Accrued payroll 136.3 175.3
Accrued income taxes 19.8 11.6
Other accrued taxes 61.7 54.2
Unearned revenues 388.8 428.5
Other current liabilities 598.3 471.9
Total current liabilities 1,548.6 1,474.1
Long-term debt 928.0 927.7
Deferred income taxes 165.5 156.9
Operating lease liabilities - non-current 4,265.5 0.0
Deferred rent 0.0 354.4
Other liabilities 430.6 587.1
Total liabilities 7,338.2 3,500.2
Stockholders’ equity:    
Common stock and surplus 1,692.9 1,685.0
Retained earnings 789.9 806.6
Accumulated other comprehensive income (loss) (101.0) (98.2)
Unearned compensation (0.5) (0.8)
Total stockholders’ equity 2,381.3 2,392.6
Total liabilities and stockholders’ equity $ 9,719.5 $ 5,892.8