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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 28, 2023
May 29, 2022
Current assets:    
Cash and cash equivalents $ 367.8 $ 420.6
Receivables, net 80.2 72.0
Inventories 287.9 270.6
Prepaid income taxes 107.3 274.8
Prepaid expenses and other current assets 154.5 141.4
Total current assets 997.7 1,179.4
Land, buildings and equipment, net 3,725.1 3,356.0
Operating lease right-of-use assets 3,373.9 3,465.1
Goodwill 1,037.4 1,037.4
Trademarks 806.3 806.3
Other assets 301.1 291.6
Total assets 10,241.5 10,135.8
Current liabilities:    
Accounts payable 426.2 366.9
Accrued payroll 173.0 181.5
Accrued income taxes 7.8 32.1
Other accrued taxes 65.9 64.5
Unearned revenues 512.0 498.0
Other current liabilities 752.5 704.5
Total current liabilities 1,937.4 1,847.5
Long-term debt 884.9 901.0
Deferred income taxes 142.2 201.1
Operating lease liabilities - non-current 3,667.6 3,755.8
Other liabilities 1,407.9 1,232.2
Total liabilities 8,040.0 7,937.6
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 121.1 and 123.9 shares, respectively; outstanding 121.1 and 123.9 shares, respectively 2,230.8 2,226.0
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings (deficit) (32.5) (25.9)
Accumulated other comprehensive income (loss) 3.2 (1.9)
Total stockholders’ equity 2,201.5 2,198.2
Total liabilities and stockholders’ equity $ 10,241.5 $ 10,135.8