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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 03, 2017
May 28, 2016
May 30, 2015
Cash Flows from Operating Activities:      
Net earnings $ 124.1 $ 137.5 $ 98.1
Depreciation expense 52.9 47.0 44.2
Amortization expense 6.0 6.0 5.6
Provision for losses on accounts receivable and notes receivable 0.0 2.2 1.8
Earnings from nonconsolidated affiliates net of dividends received (1.5) 0.0 0.3
Gain on sales of property and dealers 0.0 5.8 0.0
Deferred Income Taxes and Tax Credits 14.8 10.4 (8.8)
Deferred income tax expense (benefit) 13.0 10.4 (8.8)
Pension expense 0.5 1.4 0.8
Restructuring and impairment expenses 12.5 0.0 12.7
Stock-based compensation 8.7 11.9 10.0
Excess tax benefits from stock-based compensation (0.5) (1.4) (0.7)
Other changes in long-term liabilities 6.2 6.7 (1.2)
Accounts receivable 17.3 (30.5) 7.8
Inventories (29.9) (6.0) (9.0)
Prepaid expenses and other (0.5) (11.7) (2.5)
Accounts payable (11.2) 8.7 1.1
Accrued liabilities 0.8 33.5 6.1
Other 1.9 0.5 1.4
Net Cash Provided by Operating Activities 202.1 210.4 167.7
Cash Flows from Investing Activities:      
Net receipts from notes receivable 2.4 0.2 0.9
Marketable securities purchases (2.0) (7.8) 0.0
Marketable securities sales 0.9 6.1 5.3
Capital expenditures (87.3) (85.1) (63.6)
Proceeds from sales of property and dealers 0.0 10.7 0.6
Payments of loans on cash surrender value of life insurance (15.3) 0.0 0.0
Acquisitions, net of cash received 0.0 (3.6) (154.0)
Equity investment in non-controlled entities (13.1) 0.0 0.0
Other, net (1.9) (1.3) (2.8)
Net Cash Used for Investing Activities (116.3) (80.8) (213.6)
Cash Flows from Financing Activities:      
Repayments of Long-term Debt 0.0 0.0 50.0
Proceeds from credit facility 794.4 800.8 796.7
Repayments of credit facility (816.4) (868.8) (706.7)
Dividends paid (39.4) (34.9) (33.3)
Common stock issued 11.7 9.2 7.8
Common stock repurchased and retired (23.7) (14.1) (3.7)
Excess tax benefits from stock-based compensation 0.5 1.4 0.7
Payment of contingent consideration obligation (2.0) 0.0 0.0
Purchase of noncontrolling interests (1.5) 0.0 (5.8)
Other, net 1.8 (0.1) 1.1
Net Cash Provided by (Used for) Financing Activities (74.6) (106.5) 6.8
Effect of exchange rate changes on cash and cash equivalents 0.1 (1.9) 1.3
Net Increase (Decrease) in Cash and Cash Equivalents 11.3 21.2 (37.8)
Cash and cash equivalents, Beginning of Year 84.9 63.7 101.5
Cash and Cash Equivalents, End of Year 96.2 84.9 63.7
Other Cash Flow Information      
Interest paid 13.4 13.4 16.9
Income taxes paid, net of cash received $ 35.6 $ 57.6 $ 48.5