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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jun. 03, 2023
May 28, 2022
May 29, 2021
Cash Flows from Operating Activities:      
Net earnings (loss) $ 46.1 $ (19.7) $ 180.3
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation expense 115.3 112.0 72.0
Amortization expense 39.8 78.6 15.2
Loss (gain) on sales of property and dealers 0.0 (1.0) 0.0
Deferred taxes (45.3) (21.7) 7.1
Pension contributions (11.7) (5.0) (5.4)
Impairment charges 57.9 15.5 0.0
Loss on extinguishment of debt 0.0 13.4 0.0
Restructuring expenses 34.0 0.0 2.7
Stock-based compensation 20.2 31.4 9.0
Amortization of deferred financing costs 4.6 4.2 0.4
(Increase) decrease in long-term assets (4.7) (1.6) 1.2
(Decrease) increase in long-term liabilities (1.8) (2.1) 16.0
Decrease (increase) in accounts receivable & unbilled accounts receivable 15.6 (92.4) (14.8)
Decrease (increase) in inventories 81.5 (166.4) (10.4)
Decrease (increase) in prepaid expenses and other 19.6 (39.6) (3.9)
(Decrease) increase in accounts payable (82.5) 51.5 43.2
(Decrease) increase in accrued liabilities (124.8) 47.2 15.1
Other, net (0.9) (16.2) 4.6
Net Cash Provided by (Used in) Operating Activities 162.9 (11.9) 332.3
Cash Flows from Investing Activities:      
Notes receivable issued (5.1) (1.2) (2.0)
Marketable securities purchases 0.0 0.0 (5.9)
Marketable securities sales 0.0 7.7 5.3
Capital expenditures (83.3) (94.7) (59.8)
Proceeds from sales of property and dealers 0.3 2.8 14.0
Proceeds from life insurance policy 13.5 0.0 0.0
Acquisitions, net of cash received 0.0 (1,088.5) 0.0
Other, net (1.9) 1.5 (11.5)
Net Cash (Used in) Investing Activities (76.5) (1,172.4) (59.9)
Cash Flows from Financing Activities:      
Proceeds from issuance of debt, net of discounts 0.0 1,007.0 0.0
Payments of deferred financing costs 0.0 (9.3) 0.0
Repayments of long-term debt (26.3) (63.1) (50.0)
Proceeds from credit facility 929.9 1,026.5 0.0
Repayments of credit facility (916.2) (838.5) (265.0)
Payment of make whole premium on debt 0.0 (13.4) 0.0
Dividends paid (57.1) (54.5) (34.5)
Common stock issued 5.5 7.5 5.0
Common stock repurchased and retired (16.0) (16.2) (0.9)
Distribution to noncontrolling interest (4.9) (6.8) 0.0
Other, net (1.7) 0.7 (2.3)
Net Cash (Used in) Provided by Financing Activities (86.8) 1,039.9 (347.7)
Effect of exchange rate changes on cash and cash equivalents (6.4) (21.7) 17.7
Net (Decrease) In Cash and Cash Equivalents (6.8) (166.1) (57.6)
Cash and cash equivalents, Beginning of Year 230.3 396.4 454.0
Cash and Cash Equivalents, End of Year 223.5 230.3 396.4
Other Cash Flow Information      
Interest paid 70.6 28.8 12.5
Income taxes paid, net of cash received $ 34.8 $ 36.9 $ 15.8