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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 28, 2021
May 29, 2021
Current Assets:    
Cash and cash equivalents $ 235.1 $ 396.4
Short-term investments 8.0 7.7
Accounts receivable, net of allowances of $5.0 and $5.5 283.3 204.7
Unbilled accounts receivable 24.3 16.4
Inventories 446.2 213.6
Prepaid expenses 122.3 45.1
Other current assets 16.5 7.6
Total current assets 1,135.7 891.5
Property and equipment, at cost 1,464.8 1,159.7
Less — accumulated depreciation (853.1) (832.5)
Net property and equipment 611.7 327.2
Right-of-use assets 421.9 214.7
Goodwill 1,283.9 364.2
Indefinite-lived intangibles 493.0 97.6
Other amortizable intangibles, net of accumulated amortization of $97.7 and $68.6 446.2 105.2
Other noncurrent assets 68.1 61.5
Total Assets 4,460.5 2,061.9
Current Liabilities:    
Accounts payable 327.4 178.4
Short-term borrowings and current portion of long-term debt 22.6 2.2
Accrued compensation and benefits 92.0 90.2
Short-term lease liability 101.2 69.0
Accrued warranty 17.5 14.5
Customer deposits 106.8 43.1
Other accrued liabilities 139.3 103.4
Total current liabilities 806.8 500.8
Long-term debt 1,298.4 274.9
Pension and post-retirement benefits 45.6 34.5
Lease liabilities 376.2 196.9
Other liabilities 385.3 128.2
Total Liabilities 2,912.3 1,135.3
Redeemable noncontrolling interests 72.6 77.0
Stockholders' Equity:    
Preferred stock, no par value (10,000,000 shares authorized, none issued) 0.0 0.0
Common stock, $0.20 par value (240,000,000 shares authorized, 75,784,091 and 59,029,165 shares issued and outstanding in fiscal 2022 and 2021, respectively) 15.2 11.8
Additional paid-in capital 808.3 94.7
Retained earnings 732.6 808.4
Accumulated other comprehensive loss (80.3) (65.1)
Deferred compensation plan (0.2) (0.2)
Total Stockholders' Equity 1,475.6 849.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,460.5 $ 2,061.9