XML 66 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Aug. 29, 2015
Aug. 30, 2014
Statement of Cash Flows [Abstract]    
Net earnings $ 33.8 $ 25.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13.7 12.0
Stock-based compensation 4.0 3.0
Excess tax benefits from stock-based compensation (0.9) (0.3)
Pension and post-retirement expenses 0.4 0.3
Deferred taxes (3.9) (2.8)
Other, net 0.8 (0.2)
(Increase) decrease in current assets (26.6) 7.1
Increase (decrease) in current liabilities 9.0 (2.0)
Increase (decrease) in non-current liabilities 3.0 (0.3)
Net Cash Provided by Operating Activities 33.3 42.0
Cash Flows from Investing Activities:    
Proceeds from sales of property 3.0 0.0
Marketable securities sales 0.0 0.2
Acquisitions, net of cash received 0.0 (154.0)
Capital expenditures (16.6) (8.2)
Other, net 0.5 (0.6)
Net Cash Used in Investing Activities (13.1) (162.6)
Cash Flows from Financing Activities:    
Dividends paid (8.4) (8.3)
Proceeds from issuance of long-term debt 204.8 184.0
Payments of long-term debt (226.8) (84.0)
Common stock issued 0.9 1.0
Common stock repurchased and retired (2.4) (1.2)
Excess tax benefits from stock-based compensation 0.9 0.3
Purchase of noncontrolling interests 0.0 (5.5)
Other, net (0.1) 0.1
Net Cash Provided by (Used in) Financing Activities (31.1) 86.4
Effect of Exchange Rate Changes on Cash and Cash Equivalents (0.8) (0.6)
Net Decrease in Cash and Cash Equivalents (11.7) (34.8)
Cash and Cash Equivalents, Beginning of Period 63.7 101.5
Cash and Cash Equivalents, End of Period $ 52.0 $ 66.7