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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 02, 2025
Dec. 01, 2024
Current Assets:    
Cash and cash equivalents $ 574.4 $ 690.0
Trade receivables, net 654.9 710.0
Inventories 1,073.2 1,131.3
Other current assets 241.3 211.7
Total current assets held for sale 107.7 108.1
Total current assets 2,651.5 2,851.1
Property, plant and equipment, net 673.2 687.4
Goodwill 276.2 277.6
Other intangible assets, net 196.3 196.6
Deferred tax assets, net 800.5 798.5
Operating lease right-of-use assets, net 1,042.3 1,065.5
Other non-current assets 522.3 463.9
Non-current assets held for sale 35.9 34.9
Total assets 6,198.2 6,375.5
Current Liabilities:    
Accounts payable 556.9 663.4
Accrued salaries, wages and employee benefits 179.1 234.2
Accrued sales returns and allowances 184.0 193.4
Short-term operating lease liabilities 247.9 247.4
Other accrued liabilities 594.7 666.2
Current liabilities held for sale 6.0 5.9
Total current liabilities 1,768.6 2,010.5
Long-term debt 987.4 994.0
Long-term operating lease liabilities 916.4 943.0
Long-term employee related benefits and other liabilities 473.1 440.0
Total long-term liabilities held for sale 18.2 17.5
Total liabilities 4,163.7 4,405.0
Commitments and contingencies
Stockholders’ Equity:    
Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized, 104,585,522 shares and 103,984,741 shares issued and outstanding as of March 2, 2025 and December 1, 2024, respectively; and 422,000,000 Class B shares authorized, 290,742,518 shares and 291,411,568 shares issued and outstanding, as of March 2, 2025 and December 1, 2024, respectively 0.4 0.4
Additional paid-in capital 735.7 732.6
Accumulated other comprehensive loss (427.2) (434.5)
Retained earnings 1,725.6 1,672.0
Total stockholders’ equity 2,034.5 1,970.5
Total liabilities and stockholders’ equity $ 6,198.2 $ 6,375.5