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Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2020
May 26, 2019
Current assets:    
Cash and cash equivalents $ 763.3 $ 457.3
Receivables, net 49.8 88.3
Inventories 206.9 207.3
Prepaid income taxes 18.4 41.6
Prepaid expenses and other current assets 63.0 98.1
Total current assets 1,101.4 892.6
Land, buildings and equipment, net 2,756.9 2,552.6
Operating lease right-of-use assets 3,969.2  
Goodwill 1,037.4 1,183.7
Trademarks 805.9 950.8
Other assets 275.3 313.1
Total assets 9,946.1 5,892.8
Current liabilities:    
Accounts payable 249.4 332.6
Short-term debt 270.0 0.0
Accrued payroll 150.0 175.3
Accrued income taxes 6.2 11.6
Other accrued taxes 43.4 54.2
Unearned revenues 467.9 428.5
Other current liabilities 605.9 471.9
Total current liabilities 1,792.8 1,474.1
Long-term debt 928.8 927.7
Deferred income taxes 56.1 156.9
Operating lease liabilities - non-current 4,276.3  
Deferred rent   354.4
Other liabilities 560.9 587.1
Total liabilities 7,614.9 3,500.2
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 129.9 and 123.1 shares, respectively; outstanding 129.9 and 123.1 shares, respectively 2,205.3 1,685.0
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings 143.5 806.6
Accumulated other comprehensive income (loss) (17.6) (98.2)
Unearned compensation 0.0 (0.8)
Total stockholders’ equity 2,331.2 2,392.6
Total liabilities and stockholders’ equity $ 9,946.1 $ 5,892.8