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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 27, 2021
May 29, 2021
Current Assets:    
Cash and cash equivalents $ 227.3 $ 396.4
Short-term investments 7.4 7.7
Accounts receivable, net of allowances of $6.2 and $5.5 319.3 204.7
Unbilled accounts receivable 34.5 16.4
Inventories 482.9 213.6
Prepaid expenses 136.5 45.1
Other current assets 6.7 7.6
Total current assets 1,214.6 891.5
Property and equipment, at cost 1,470.1 1,159.7
Less — accumulated depreciation (879.3) (832.5)
Net property and equipment 590.8 327.2
Right-of-use assets 412.9 214.7
Goodwill 1,284.5 364.2
Indefinite-lived intangibles 497.4 97.6
Other amortizable intangibles, net of accumulated amortization of $111.1 and $68.6 392.3 105.2
Other noncurrent assets 73.4 61.5
Total Assets 4,465.9 2,061.9
Current Liabilities:    
Accounts payable 333.6 178.4
Short-term borrowings and current portion of long-term debt 29.3 2.2
Accrued compensation and benefits 108.9 90.2
Short-term lease liability 101.2 69.0
Accrued warranty 18.6 14.5
Customer deposits 118.8 43.1
Other accrued liabilities 146.9 103.4
Total current liabilities 857.3 500.8
Long-term debt 1,340.7 274.9
Pension and post-retirement benefits 41.3 34.5
Lease liabilities 364.2 196.9
Other liabilities 356.6 128.2
Total Liabilities 2,960.1 1,135.3
Redeemable noncontrolling interests 69.4 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, 75,740,388 and 59,029,165 shares issued and outstanding in fiscal 2022 and 2021, respectively) 15.1 11.8
Additional paid-in capital 814.8 94.7
Retained earnings 714.8 808.4
Accumulated other comprehensive loss (108.1) (65.1)
Deferred compensation plan (0.2) (0.2)
Total Stockholders' Equity 1,436.4 849.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,465.9 $ 2,061.9