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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 28, 2021
Aug. 29, 2020
Cash Flows from Operating Activities:    
Net (loss) earnings $ (59.9) $ 73.4
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 59.7 21.2
Stock-based compensation 15.1 1.5
Pension and post-retirement expenses (1.9) 0.7
Deferred taxes (8.2) (0.3)
Restructuring expense 0.0 (1.2)
Loss on extinguishment of debt 13.4 0.0
(Increase) decrease in current assets (65.6) 3.9
(Decrease) increase in current liabilities (5.1) 13.3
Increase (decrease) in non-current liabilities 3.5 5.2
Other, net (2.7) (1.8)
Net Cash (Used in) Provided by Operating Activities (51.7) 115.9
Cash Flows from Investing Activities:    
Proceeds from sale of property and dealers 0.0 6.4
Capital expenditures (18.6) (11.3)
Acquisitions, net of cash received (1,088.5) 0.0
Other, net 2.4 (0.2)
Net Cash Used in Investing Activities (1,104.7) (5.1)
Cash Flows from Financing Activities:    
Repayments of long-term debt (50.0) 0.0
Proceeds from issuance of debt, net of discounts 1,007.0 0.0
Payments of deferred financing costs (9.3) 0.0
Proceeds from credit facility 366.6 0.0
Repayments of credit facility (276.6) (265.0)
Payment of make whole premium on debt (13.4) 0.0
Dividends paid (11.1) (12.3)
Common stock issued 2.2 0.8
Common stock repurchased and retired (11.0) (0.9)
Other, net (2.8) 0.9
Net Cash Provided by (Used in) Financing Activities 1,001.6 (276.5)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (6.5) 8.3
Net Decrease in Cash and Cash Equivalents (161.3) (157.4)
Cash and Cash Equivalents, Beginning of Period 396.4 454.0
Cash and Cash Equivalents, End of Period $ 235.1 $ 296.6