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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 01, 2025
May 26, 2024
Cash Flows from Operating Activities:    
Net income $ 202.0 $ 7.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99.6 88.7
Property, plant, and equipment impairment, and early lease terminations, net 14.8 0.2
Gain on sale of assets (8.5) 0.0
Stock-based compensation 44.2 35.5
Deferred income taxes (17.2) (43.6)
Other, net 7.6 9.0
Net change in operating assets and liabilities (104.5) 451.7
Net cash provided by operating activities 238.0 548.8
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (106.1) (111.8)
Net proceeds from sales of assets 22.3 0.0
Payment for business acquisition 0.0 (34.4)
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting, net 36.6 5.9
Payments to acquire short-term investments (82.5) 0.0
Other investing activities, net 0.0 (1.1)
Net cash used for investing activities (129.7) (141.4)
Cash Flows from Financing Activities:    
Repurchase of common stock (30.5) (41.9)
Tax withholdings on equity awards (18.5) (18.4)
Dividends to stockholders (102.8) (95.6)
Other financing activities, net (0.6) (7.0)
Net cash used for financing activities (152.4) (162.9)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 7.7 (1.9)
Net increase (decrease) in cash and cash equivalents and restricted cash (36.4) 242.6
Beginning cash and cash equivalents 690.0 398.8
Ending cash and cash equivalents 653.6 641.4
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 50.5 39.1
Supplemental disclosure of cash flow information:    
Cash paid for income taxes during the period, net of refunds $ 84.4 $ 61.7