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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 03, 2023
May 28, 2022
Current Assets:    
Cash and cash equivalents $ 223.5 $ 230.3
Accounts receivable, net of allowances of $6.4 and $9.7 334.1 348.9
Unbilled accounts receivable 29.4 32.0
Inventories, net 487.4 587.3
Prepaid expenses 92.7 112.1
Other current assets 9.1 7.3
Total current assets 1,176.2 1,317.9
Property and equipment, net of accumulated depreciation of $1,034.4 and $928.2 536.3 581.5
Right of use assets 415.9 425.8
Goodwill 1,221.7 1,226.2
Indefinite-lived intangibles 480.7 501.0
Other amortizable intangibles, net of accumulated amortization of $185.2 and $134.7 313.1 362.4
Other noncurrent assets 130.9 99.2
Total Assets 4,274.8 4,514.0
Current Liabilities:    
Accounts payable 269.5 355.1
Short-term borrowings and current portion of long-term debt 33.4 29.3
Accrued compensation and benefits 61.7 128.6
Short-term lease liability 77.1 79.9
Accrued warranty 20.8 18.8
Customer deposits 93.8 125.3
Other accrued liabilities 146.5 140.4
Total current liabilities 702.8 877.4
Long-term debt 1,365.1 1,379.2
Pension and post-retirement benefits 7.5 25.0
Lease liabilities 393.7 398.2
Other liabilities 265.5 300.2
Total Liabilities 2,734.6 2,980.0
Redeemable noncontrolling interests 107.6 106.9
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, 75,698,670 and 75,824,241 shares issued and outstanding in 2023 and 2022, respectively) 15.1 15.2
Additional paid-in capital 836.5 825.7
Retained earnings 676.1 693.3
Accumulated other comprehensive loss (95.1) (107.1)
Total Stockholders' Equity 1,432.6 1,427.1
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity $ 4,274.8 $ 4,514.0