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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 23, 2020
Feb. 24, 2019
Cash flows—operating activities    
Net earnings $ 427.6 $ 505.4
Losses from discontinued operations, net of tax 2.9 4.5
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 261.5 248.8
Impairments and disposal of assets, net 0.2 4.4
Stock-based compensation expense 42.6 45.3
Change in current assets and liabilities 50.2 59.3
Contributions to pension and postretirement plans (14.0) (1.3)
Deferred income taxes (1.9) 15.9
Change in deferred rent 0.0 26.5
Change in other assets and liabilities 14.7 5.7
Pension settlement charge 147.1 0.0
Other, net (8.5) 5.5
Net cash provided by operating activities of continuing operations 922.4 920.0
Cash flows—investing activities    
Purchases of land, buildings and equipment (374.5) (346.9)
Proceeds from disposal of land, buildings and equipment 4.3 12.7
Cash used in business acquisitions, net of cash acquired (50.1) 0.0
Purchases of capitalized software and other assets (16.9) (17.4)
Other, net (10.2) 1.9
Net cash used in investing activities of continuing operations (447.4) (349.7)
Cash flows—financing activities    
Proceeds from issuance of common stock 17.7 45.4
Dividends paid (322.3) (278.4)
Repurchases of common stock (300.3) (166.0)
Proceeds from issuance of short-term debt 0.0 137.5
Repayments of short-term debt 0.0 (137.5)
Principal payments on capital and financing leases (3.8) (4.9)
Other, net 0.6 0.1
Net cash used in financing activities of continuing operations (608.1) (403.8)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (2.5) (10.5)
Net cash used in discontinued operations (2.5) (10.5)
Increase (decrease) in cash and cash equivalents (135.6) 156.0
Cash and cash equivalents - beginning of period 457.3 146.9
Cash and cash equivalents - end of period 321.7 302.9
Cash flows from changes in current assets and liabilities    
Receivables, net 12.8 16.5
Inventories (22.1) (4.2)
Prepaid expenses and other current assets (2.1) (5.8)
Accounts payable 20.7 26.3
Accrued payroll (20.1) (14.2)
Prepaid/accrued income taxes 15.7 17.9
Other accrued taxes (2.1) (6.1)
Unearned revenues 47.1 54.6
Other current liabilities 0.3 (25.7)
Change in current assets and liabilities $ 50.2 $ 59.3