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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 26, 2022
May 29, 2021
Current Assets:    
Cash and cash equivalents $ 245.9 $ 396.4
Short-term investments 0.0 7.7
Accounts receivable, net of allowances of $8 and $5.5 313.8 204.7
Unbilled accounts receivable 42.1 16.4
Inventories 520.8 213.6
Prepaid expenses 139.9 45.1
Other current assets 8.6 7.6
Total current assets 1,271.1 891.5
Property and equipment, at cost 1,488.9 1,159.7
Less — accumulated depreciation (904.6) (832.5)
Net property and equipment 584.3 327.2
Right-of-use assets 418.6 214.7
Goodwill 1,282.7 364.2
Indefinite-lived intangibles 503.8 97.6
Other amortizable intangibles, net of accumulated amortization of $120.7 and $68.6 378.1 105.2
Other noncurrent assets 79.1 61.5
Total Assets 4,517.7 2,061.9
Current Liabilities:    
Accounts payable 340.8 178.4
Short-term borrowings and current portion of long-term debt 28.8 2.2
Accrued compensation and benefits 102.1 90.2
Short-term lease liability 78.7 44.8
Accrued warranty 19.9 14.5
Customer deposits 126.9 43.1
Other accrued liabilities 136.4 103.4
Total current liabilities 833.6 476.6
Long-term debt 1,384.9 274.9
Pension and post-retirement benefits 37.9 34.5
Lease liabilities 392.4 221.1
Other liabilities 344.9 128.2
Total Liabilities 2,993.7 1,135.3
Redeemable noncontrolling interests 68.1 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, 75,798,552 and 59,029,165 shares issued and outstanding in fiscal 2022 and 2021, respectively) 15.2 11.8
Additional paid-in capital 820.6 94.7
Retained earnings 713.1 808.4
Accumulated other comprehensive loss (93.0) (65.1)
Deferred compensation plan 0.0 (0.2)
Total Stockholders' Equity 1,455.9 849.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,517.7 $ 2,061.9
Common stock, shares, issued (in shares) 75,798,552 59,029,165