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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Feb. 25, 2024
Feb. 26, 2023
Cash flows—operating activities    
Net earnings $ 719.5 $ 666.8
Losses from discontinued operations, net of tax 1.0 1.1
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 340.2 290.7
Impairments and disposal of assets, net 11.0 (12.4)
Stock-based compensation expense 57.8 52.6
Change in current assets and liabilities 90.6 192.7
Contributions to pension and postretirement plans (1.1) (1.6)
Deferred income taxes 3.0 (54.8)
Change in other assets and liabilities (10.8) 1.9
Other, net (15.5) 3.5
Net cash provided by operating activities of continuing operations 1,195.7 1,140.5
Cash flows—investing activities    
Purchases of land, buildings and equipment (460.8) (410.5)
Proceeds from disposal of land, buildings and equipment 2.0 21.4
Cash used in business acquisitions, net of cash acquired (699.9) 0.0
Purchases of capitalized software and other assets (18.9) (20.9)
Other, net 1.6 0.5
Net cash used in investing activities of continuing operations (1,176.0) (409.5)
Cash flows—financing activities    
Proceeds from issuance of common stock 37.0 18.3
Dividends paid (472.1) (443.3)
Repurchases of common stock (356.6) (423.5)
Proceeds from issuance of commercial paper, net 158.7 0.0
Proceeds from issuance of long-term debt 1,100.0 0.0
Repayments of long-term debt (600.0) 0.0
Principal payments on finance leases (16.2) (14.2)
Tenant incentive cash received on finance leases 2.2 0.0
Payments of debt issuance costs (11.5) 0.0
Net cash used in financing activities of continuing operations (158.5) (862.7)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (9.3) (5.5)
Net cash used in discontinued operations (9.3) (5.5)
Decrease in cash, cash equivalents, and restricted cash (148.1) (137.2)
Cash, cash equivalents, and restricted cash - beginning of period 416.2 472.1
Cash, cash equivalents, and restricted cash - end of period 268.1 334.9
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 243.9 275.3
Restricted cash included in prepaid expenses and other current assets 24.2 59.6
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 268.1 334.9
Cash flows from changes in current assets and liabilities    
Receivables, net 16.2 14.4
Inventories (1.8) (35.2)
Prepaid expenses and other current assets (5.2) (23.7)
Accounts payable (9.7) 23.1
Accrued payroll 13.3 (13.6)
Prepaid/accrued income taxes (3.7) 180.0
Other accrued taxes 2.5 0.1
Unearned revenues 52.2 50.0
Other current liabilities 26.8 (2.4)
Change in current assets and liabilities $ 90.6 $ 192.7