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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
May 29, 2021
May 30, 2020
Jun. 01, 2019
Cash Flows from Operating Activities:      
Net earnings (loss) $ 178.8 $ (14.4) $ 160.5
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation expense 72.0 68.1 65.9
Amortization expense 15.2 11.4 6.2
Earnings from nonconsolidated affiliates net of dividends received (0.4) (4.8) (2.1)
Investment fair value adjustment 0.0 0.0 (2.1)
Gain on consolidation of equity method investments 0.0 (36.2) 0.0
Deferred taxes 6.7 (25.2) 0.8
Pension contributions (5.4) (0.9) (0.9)
Pension and post-retirement expenses 3.0 1.6 1.2
Impairment charges 0.0 205.4 0.0
Restructuring expenses 2.7 26.4 10.2
Stock-based compensation 9.0 2.7 7.3
Decrease (increase) in long-term assets 1.2 (4.7) (0.4)
Increase in long-term liabilities 16.0 5.8 1.6
Increase (decrease) in accounts receivable & unbilled accounts receivable (14.8) 68.6 (24.8)
Increase (decrease) in inventories (8.5) 6.0 (31.9)
Increase in prepaid expenses and other (3.9) (2.2) (0.6)
Increase (decrease) in accounts payable 43.2 (59.5) 0.5
Increase (decrease) in accrued liabilities 15.1 (32.0) 22.7
Other, net 2.4 5.7 2.3
Net Cash Provided by Operating Activities 332.3 221.8 216.4
Cash Flows from Investing Activities:      
Marketable securities purchases (5.9) (3.1) (1.9)
Marketable securities sales 5.3 5.0 1.7
Capital expenditures (59.8) (69.0) (85.8)
Proceeds from sales of property and dealers 14.0 0.2 0.5
Purchase of HAY licensing agreement 0.0 0.0 (4.8)
Acquisitions, net of cash received 0.0 (111.2) 0.0
Equity investment in non-controlled entities 0.0 (3.3) (73.6)
Other, net (13.5) 13.3 (1.1)
Net Cash Used in Investing Activities (59.9) (168.1) (165.0)
Cash Flows from Financing Activities:      
Borrowings of long-term debt 0.0 50.0 0.0
Repayments of long-term debt (50.0) 0.0 0.0
Proceeds from credit facility 0.0 265.0 0.0
Repayments of credit facility (265.0) 0.0 0.0
Dividends paid (34.5) (36.4) (45.6)
Common stock issued 5.0 15.6 12.3
Common stock repurchased and retired (0.9) (26.6) (47.9)
Purchase of redeemable noncontrolling interests 0.0 (20.3) (10.1)
Other, net (2.3) (3.3) (0.6)
Net Cash (Used in) Provided by Financing Activities (347.7) 244.0 (91.9)
Effect of exchange rate changes on cash and cash equivalents 17.7 (2.9) (4.2)
Net (Decrease) Increase In Cash and Cash Equivalents (57.6) 294.8 (44.7)
Cash and cash equivalents, Beginning of Year 454.0 159.2 203.9
Cash and Cash Equivalents, End of Year 396.4 454.0 159.2
Other Cash Flow Information      
Interest paid 12.5 11.4 11.5
Income taxes paid, net of cash received $ 15.8 $ 39.6 $ 41.0