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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Feb. 23, 2025
Feb. 25, 2024
Cash flows—operating activities    
Net earnings $ 745.8 $ 719.5
Losses from discontinued operations, net of tax 1.2 1.0
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 381.1 340.2
Impairments and disposal of assets, net 1.1 11.0
Stock-based compensation expense 64.5 57.8
Change in current assets and liabilities 50.0 90.6
Contributions to pension and postretirement plans (1.2) (1.1)
Deferred income taxes 27.2 3.0
Change in other assets and liabilities (12.1) (10.8)
Other, net (7.6) (15.5)
Net cash provided by operating activities of continuing operations 1,250.0 1,195.7
Cash flows—investing activities    
Purchases of land, buildings and equipment (472.6) (460.8)
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 (17.9) (18.9)
Other, net 4.6 1.6
Net cash used in investing activities of continuing operations (1,099.6) (1,176.0)
Cash flows—financing activities    
Proceeds from issuance of common stock 38.9 37.0
Dividends paid (494.6) (472.1)
Repurchases of common stock (367.2) (356.6)
Proceeds from the issuance of commercial paper, net (28.6) 158.7
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 (17.2) (16.2)
Tenant incentive cash received on finance leases 1.7 2.2
Payment of debt issuance costs (6.9) (11.5)
Net cash used in financing activities of continuing operations (123.9) (158.5)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (7.9) (9.3)
Net cash used in discontinued operations (7.9) (9.3)
Increase (decrease) in cash, cash equivalents, and restricted cash 18.6 (148.1)
Cash, cash equivalents, and restricted cash - beginning of period 220.1 416.2
Cash, cash equivalents, and restricted cash - end of period 238.7 268.1
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 224.2 243.9
Restricted cash included in prepaid expenses and other current assets 14.5 24.2
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 238.7 268.1
Cash flows from changes in current assets and liabilities    
Receivables, net 15.0 16.2
Inventories (32.1) (1.8)
Prepaid expenses and other current assets (4.4) (5.2)
Accounts payable 7.2 (9.7)
Accrued payroll 8.9 13.3
Prepaid/accrued income taxes (12.2) (3.7)
Other accrued taxes (0.4) 2.5
Unearned revenues 45.7 52.2
Other current liabilities 22.3 26.8
Change in current assets and liabilities $ 50.0 $ 90.6