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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Nov. 26, 2023
May 28, 2023
Current assets:    
Cash and cash equivalents $ 195.7 $ 367.8
Receivables, net 80.3 80.2
Inventories 310.6 287.9
Prepaid income taxes 138.9 107.3
Prepaid expenses and other current assets 142.2 154.5
Total current assets 867.7 997.7
Land, buildings and equipment, net of accumulated depreciation and amortization of $3,584.8 and $3,422.0, respectively 4,043.5 3,725.1
Operating lease right-of-use assets 3,539.7 3,373.9
Goodwill 1,392.9 1,037.4
Trademarks 1,148.0 806.3
Other assets 330.3 301.1
Total assets 11,322.1 10,241.5
Current liabilities:    
Accounts payable 423.9 426.2
Short-term debt 350.0 0.0
Accrued payroll 177.1 173.0
Accrued income taxes 8.4 7.8
Other accrued taxes 69.7 65.9
Unearned revenues 547.3 512.0
Other current liabilities 805.2 752.5
Total current liabilities 2,381.6 1,937.4
Long-term debt 1,368.4 884.9
Deferred income taxes 242.3 142.2
Operating lease liabilities - non-current 3,815.3 3,667.6
Other liabilities 1,474.8 1,407.9
Total liabilities 9,282.4 8,040.0
Stockholders’ equity:    
Common stock and surplus 2,240.8 2,230.8
Retained earnings (deficit) (228.5) (32.5)
Accumulated other comprehensive income 27.4 3.2
Total stockholders’ equity 2,039.7 2,201.5
Total liabilities and stockholders’ equity $ 11,322.1 $ 10,241.5