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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Nov. 24, 2024
Nov. 26, 2023
Cash flows—operating activities    
Net earnings $ 422.3 $ 406.6
Losses from discontinued operations, net of tax 1.0 0.5
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 249.2 222.3
Impairments and disposal of assets, net 1.0 10.6
Stock-based compensation expense 48.9 43.8
Change in current assets and liabilities (55.5) (58.4)
Contributions to pension and postretirement plans (0.8) (0.9)
Deferred income taxes 17.5 7.8
Change in other assets and liabilities (12.6) (17.5)
Other, net (9.2) (4.9)
Net cash provided by operating activities of continuing operations 661.8 609.9
Cash flows—investing activities    
Purchases of land, buildings and equipment (314.5) (312.4)
Proceeds from disposal of land, buildings and equipment 0.0 2.0
Cash used in business acquisitions, net of cash acquired (613.7) (699.9)
Purchases of capitalized software and other assets (12.8) (12.9)
Other, net 1.7 0.3
Net cash used in investing activities of continuing operations (939.3) (1,022.9)
Cash flows—financing activities    
Proceeds from issuance of common stock 21.8 25.9
Dividends paid (330.5) (315.7)
Repurchases of common stock (314.2) (323.9)
Proceeds from the issuance of commercial paper, net 188.4 350.0
Proceeds from issuance of long-term debt 750.0 1,100.0
Repayments of long-term debt 0.0 (600.0)
Principal payments on finance leases (11.4) (10.7)
Tenant incentive cash received on finance leases 1.7 2.2
Payment of debt issuance costs (6.9) (11.1)
Net cash provided by financing activities of continuing operations 298.9 216.7
Cash flows—discontinued operations    
Net cash (used in) provided by operating activities of discontinued operations 0.0 0.0
Net cash (used in) provided by discontinued operations 0.0 0.0
Increase (decrease) in cash, cash equivalents, and restricted cash 21.4 (196.3)
Cash, cash equivalents, and restricted cash - beginning of period 220.1 416.2
Cash, cash equivalents, and restricted cash - end of period 241.5 219.9
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 217.3 195.7
Restricted cash included in prepaid expenses and other current assets 24.2 24.2
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 241.5 219.9
Cash flows from changes in current assets and liabilities    
Receivables, net 2.8 8.3
Inventories (25.6) (14.3)
Prepaid expenses and other current assets (9.0) (7.8)
Accounts payable 2.6 (7.7)
Accrued payroll (1.9) (5.3)
Prepaid/accrued income taxes 2.7 (18.7)
Other accrued taxes 5.9 3.2
Unearned revenues (42.3) (26.5)
Other current liabilities 9.3 10.4
Change in current assets and liabilities $ (55.5) $ (58.4)