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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 25, 2025
May 26, 2024
Current assets:    
Cash and cash equivalents $ 240.0 $ 194.8
Receivables, net 93.8 79.1
Inventories 311.6 290.5
Prepaid income taxes 135.6 121.7
Prepaid expenses and other current assets 156.7 136.7
Total current assets 937.7 822.8
Land, buildings and equipment, net 4,716.0 4,184.3
Operating lease right-of-use assets 3,555.9 3,429.3
Goodwill 1,659.4 1,391.0
Trademarks 1,346.4 1,148.0
Other assets 371.6 347.6
Total assets 12,587.0 11,323.0
Current liabilities:    
Accounts payable 439.6 399.5
Short-term debt 0.0 86.8
Accrued payroll 207.5 190.1
Accrued income taxes 4.7 6.1
Other accrued taxes 83.0 71.0
Unearned revenues 599.4 591.8
Other current liabilities 913.3 847.2
Total current liabilities 2,247.5 2,192.5
Long-term debt 2,128.9 1,370.4
Deferred income taxes 278.8 232.0
Operating lease liabilities - non-current 3,816.9 3,704.7
Other liabilities 1,803.6 1,580.9
Total liabilities 10,275.7 9,080.5
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 117.0 and 118.9 shares, respectively; outstanding 117.0 and 118.9 shares, respectively 2,295.6 2,252.4
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings (deficit) (16.1) (35.5)
Accumulated other comprehensive income 31.8 25.6
Total stockholders’ equity 2,311.3 2,242.5
Total liabilities and stockholders’ equity $ 12,587.0 $ 11,323.0