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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 02, 2018
Jun. 03, 2017
May 28, 2016
Cash Flows from Operating Activities:      
Net earnings $ 128.7 $ 124.1 $ 137.5
Depreciation expense 60.9 52.9 47.0
Amortization expense 6.0 6.0 6.0
Provision for losses on accounts receivable and notes receivable 0.9 0.0 2.2
Earnings from nonconsolidated affiliates net of dividends received (0.2) (1.5) 0.0
Gain on sales of property and dealers 0.5 0.0 5.8
Deferred taxes (0.8) 14.8 10.4
Pension contributions (13.4) (1.1) (1.2)
Pension and post-retirement expenses 2.9 0.5 1.4
Restructuring and impairment expenses 5.7 12.5 0.0
Stock-based compensation 7.7 8.7 11.9
Excess tax benefits from stock-based compensation 0.0 (0.5) (1.4)
Increase in long-term liabilities 3.4 6.2 6.7
(Increase) decrease in accounts receivable (33.1) 17.3 (30.5)
Increase in inventories (12.4) (29.9) (6.0)
Increase in prepaid expenses and other (3.0) (0.5) (11.7)
Increase (decrease) in accounts payable 16.0 (11.2) 8.7
(Decrease) increase in accrued liabilities (0.3) 0.8 33.5
Other (2.0) 3.0 1.7
Net Cash Provided by Operating Activities 166.5 202.1 210.4
Cash Flows from Investing Activities:      
Net (advances) receipts from notes receivable (1.1) 2.4 0.2
Marketable securities purchases (1.0) (2.0) (7.8)
Marketable securities sales 1.0 0.9 6.1
Capital expenditures (70.6) (87.3) (85.1)
Proceeds from sales of property and dealers 2.1 0.0 10.7
Payments of loans on cash surrender value of life insurance 0.0 (15.3) 0.0
Proceeds from life insurance policy 8.1 0.0 0.0
Acquisitions, net of cash received 0.0 0.0 (3.6)
Equity investment in non-controlled entities 0.0 (13.1) 0.0
Other, net (1.2) (1.9) (1.3)
Net Cash Used for Investing Activities (62.7) (116.3) (80.8)
Cash Flows from Financing Activities:      
Repayments of Long-term Debt 150.0 0.0 0.0
Proceeds from credit facility 340.4 794.4 800.8
Repayments of credit facility (115.4) (816.4) (868.8)
Dividends paid (42.4) (39.4) (34.9)
Common stock issued 17.0 11.7 9.2
Common stock repurchased and retired (46.5) (23.8) (14.1)
Excess tax benefits from stock-based compensation 0.0 0.5 1.4
Payment of contingent consideration obligation (0.1) (2.0) 0.0
Purchase of noncontrolling interests (1.0) (1.5) 0.0
Other, net 0.5 1.9 (0.1)
Net Cash Provided by (Used for) Financing Activities 2.5 (74.6) (106.5)
Effect of exchange rate changes on cash and cash equivalents 1.4 0.1 (1.9)
Net Increase In Cash and Cash Equivalents 107.7 11.3 21.2
Cash and cash equivalents, Beginning of Year 96.2 84.9 63.7
Cash and Cash Equivalents, End of Year 203.9 96.2 84.9
Other Cash Flow Information      
Interest paid 16.4 13.4 13.4
Income taxes paid, net of cash received $ 34.2 $ 35.6 $ 57.6