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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Feb. 26, 2023
Feb. 27, 2022
Cash flows—operating activities    
Net earnings $ 666.8 $ 671.1
Losses from discontinued operations, net of tax 1.1 1.9
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 290.7 275.4
Impairments and disposal of assets, net (12.4) (5.5)
Stock-based compensation expense 52.6 49.8
Change in current assets and liabilities 192.7 (83.0)
Contributions to pension and postretirement plans (1.6) (1.7)
Deferred income taxes (54.8) 10.0
Change in other assets and liabilities 1.9 (6.0)
Other, net 3.5 4.5
Net cash provided by operating activities of continuing operations 1,140.5 916.5
Cash flows—investing activities    
Purchases of land, buildings and equipment (410.5) (275.6)
Proceeds from disposal of land, buildings and equipment 21.4 10.1
Purchases of capitalized software and other assets (20.9) (18.3)
Other, net 0.5 2.9
Net cash used in investing activities of continuing operations (409.5) (280.9)
Cash flows—financing activities    
Proceeds from issuance of common stock 18.3 36.4
Dividends paid (443.3) (426.2)
Repurchases of common stock (423.5) (834.1)
Proceeds from issuance of short-term debt 427.0 0.0
Repayments of short-term debt (427.0) 0.0
Principal payments on finance leases (14.2) (9.0)
Payments of debt issuance costs 0.0 (2.5)
Net cash used in financing activities of continuing operations (862.7) (1,235.4)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (5.5) (8.1)
Net cash used in discontinued operations (5.5) (8.1)
Decrease in cash, cash equivalents, and restricted cash (137.2) (607.9)
Cash, cash equivalents, and restricted cash - beginning of period 472.1 1,214.7
Cash, cash equivalents, and restricted cash - end of period 334.9 606.8
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 275.3 555.3
Restricted cash included in prepaid expenses and other current assets 59.6 51.5
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 334.9 606.8
Cash flows from changes in current assets and liabilities    
Receivables, net 14.4 15.6
Inventories (35.2) (52.9)
Prepaid expenses and other current assets (23.7) (19.3)
Accounts payable 23.1 31.7
Accrued payroll (13.6) 0.1
Prepaid/accrued income taxes 180.0 8.1
Other accrued taxes 0.1 (0.8)
Unearned revenues 50.0 63.1
Other current liabilities (2.4) (128.6)
Change in current assets and liabilities $ 192.7 $ (83.0)