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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 01, 2025
Dec. 01, 2024
Current Assets:    
Cash and cash equivalents $ 653.6 $ 690.0
Short-term investments in marketable securities 83.1 0.0
Trade receivables, net 617.5 710.0
Inventories 1,248.9 1,131.3
Other current assets 220.7 211.7
Total current assets held for sale 105.3 108.1
Total current assets 2,929.1 2,851.1
Property, plant and equipment, net 673.1 687.4
Goodwill 278.4 277.6
Other intangible assets, net 195.5 196.6
Deferred tax assets, net 824.3 798.5
Operating lease right-of-use assets, net 1,080.9 1,065.5
Other non-current assets 530.2 463.9
Non-current assets held for sale 21.7 34.9
Total assets 6,533.2 6,375.5
Current Liabilities:    
Accounts payable 683.5 663.4
Accrued salaries, wages and employee benefits 192.8 234.2
Accrued sales returns and allowances 194.6 193.4
Short-term operating lease liabilities 254.9 247.4
Other accrued liabilities 654.0 672.1
Total current liabilities 1,979.8 2,010.5
Long-term debt 1,033.7 994.0
Long-term operating lease liabilities 950.6 943.0
Long-term employee related benefits and other liabilities 479.1 457.5
Total liabilities 4,443.2 4,405.0
Commitments and contingencies
Stockholders’ Equity:    
Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized, 105,128,654 shares and 103,984,741 shares issued and outstanding as of June 1, 2025 and December 1, 2024, respectively; and 422,000,000 Class B shares authorized, 290,420,459 shares and 291,411,568 shares issued and outstanding, as of June 1, 2025 and December 1, 2024, respectively 0.4 0.4
Additional paid-in capital 762.0 732.6
Accumulated other comprehensive loss (413.1) (434.5)
Retained earnings 1,740.7 1,672.0
Total stockholders’ equity 2,090.0 1,970.5
Total liabilities and stockholders’ equity $ 6,533.2 $ 6,375.5