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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 28, 2021
Feb. 23, 2020
Cash flows—operating activities    
Net earnings $ 260.8 $ 427.6
Losses from discontinued operations, net of tax 2.6 2.9
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 261.8 261.5
Impairments and disposal of assets, net 1.4 0.2
Stock-based compensation expense 60.0 42.6
Change in current assets and liabilities 128.2 50.2
Contributions to pension and postretirement plans (1.3) (14.0)
Deferred income taxes (12.3) (1.9)
Change in other assets and liabilities 71.2 14.7
Pension settlement charge 0.0 147.1
Other, net (26.4) (8.5)
Net cash provided by operating activities of continuing operations 746.0 922.4
Cash flows—investing activities    
Purchases of land, buildings and equipment (177.3) (374.5)
Proceeds from disposal of land, buildings and equipment 5.4 4.3
Cash used in business acquisitions, net of cash acquired 0.0 (50.1)
Purchases of capitalized software and other assets (10.6) (16.9)
Other, net 1.1 (10.2)
Net cash used in investing activities of continuing operations (181.4) (447.4)
Cash flows—financing activities    
Proceeds from issuance of common stock 34.2 17.7
Dividends paid (87.3) (322.3)
Repurchases of common stock (7.2) (300.3)
Repayments of short-term debt (270.0) 0.0
Principal payments on finance leases (5.0) (3.8)
Other, net (0.2) 0.6
Net cash used in financing activities of continuing operations (335.5) (608.1)
Cash flows—discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations 1.5 (2.5)
Net cash provided by (used in) discontinued operations 1.5 (2.5)
Increase (decrease) in cash and cash equivalents 230.6 (135.6)
Cash and cash equivalents - beginning of period 763.3 457.3
Cash and cash equivalents - end of period 993.9 321.7
Cash flows from changes in current assets and liabilities    
Receivables, net 5.8 12.8
Inventories 18.7 (22.1)
Prepaid expenses and other current assets 3.9 (2.1)
Accounts payable (17.5) 20.7
Accrued payroll 12.2 (20.1)
Prepaid/accrued income taxes 3.0 15.7
Other accrued taxes 3.6 (2.1)
Unearned revenues 25.8 47.1
Other current liabilities 72.7 0.3
Change in current assets and liabilities $ 128.2 $ 50.2