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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 30, 2020
Aug. 25, 2019
Cash flows—operating activities    
Net earnings $ 36.1 $ 170.6
Losses from discontinued operations, net of tax 1.2 1.2
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 87.6 86.2
Stock-based compensation expense 19.1 14.2
Change in current assets and liabilities 20.6 (30.6)
Contributions to pension and postretirement plans (0.4) (0.4)
Deferred income taxes (10.0) 7.0
Change in other assets and liabilities 66.2 3.7
Other, net (13.7) 1.9
Net cash provided by operating activities of continuing operations 206.7 253.8
Cash flows—investing activities    
Purchases of land, buildings and equipment (42.2) (117.1)
Proceeds from disposal of land, buildings and equipment 2.3 2.6
Cash used in business acquisitions, net of cash acquired 0.0 (37.0)
Purchases of capitalized software and other assets (3.7) (5.4)
Other, net (0.4) (10.0)
Net cash used in investing activities of continuing operations (44.0) (166.9)
Cash flows—financing activities    
Proceeds from issuance of common stock 4.2 11.2
Dividends paid 0.0 (108.1)
Repurchases of common stock (6.6) (94.8)
Repayments of short-term debt (270.0) 0.0
Principal payments on capital and financing leases (1.2) (1.3)
Other, net 0.0 0.3
Net cash used in financing activities of continuing operations (273.6) (192.7)
Cash flows—discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations 2.2 (0.7)
Net cash provided by (used in) discontinued operations 2.2 (0.7)
Decrease in cash and cash equivalents (108.7) (106.5)
Cash and cash equivalents - beginning of period 763.3 457.3
Cash and cash equivalents - end of period 654.6 350.8
Cash flows from changes in current assets and liabilities    
Receivables, net 2.6 13.0
Inventories 16.8 8.4
Prepaid expenses and other current assets (0.1) (6.9)
Accounts payable (4.4) 3.3
Accrued payroll (21.1) (39.0)
Prepaid/accrued income taxes 2.1 48.8
Other accrued taxes 8.7 7.5
Unearned revenues (19.5) (39.7)
Other current liabilities 35.5 (26.0)
Change in current assets and liabilities $ 20.6 $ (30.6)