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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 03, 2022
May 28, 2022
Current Assets:    
Cash and cash equivalents $ 197.5 $ 230.3
Accounts receivable, net of allowances of $6.9 and $9.7 365.6 348.9
Unbilled accounts receivable 32.4 32.0
Inventories, net 587.1 587.3
Prepaid expenses 115.1 112.1
Other current assets 12.2 7.3
Total current assets 1,309.9 1,317.9
Property and equipment, at cost 1,531.2 1,509.7
Less — accumulated depreciation (976.6) (928.2)
Net property and equipment 554.6 581.5
Right of use assets 407.4 425.8
Goodwill 1,217.4 1,226.2
Indefinite-lived intangibles 498.5 501.0
Other amortizable intangibles, net of accumulated amortization of $153.4 and $134.7 341.4 362.4
Other noncurrent assets 118.9 99.2
Total Assets 4,448.1 4,514.0
Current Liabilities:    
Accounts payable 281.6 355.1
Short-term borrowings and current portion of long-term debt 28.8 29.3
Accrued compensation and benefits 100.9 128.6
Short-term lease liability 78.8 79.9
Accrued warranty 22.8 18.8
Customer deposits 102.7 125.3
Other accrued liabilities 157.6 140.4
Total current liabilities 773.2 877.4
Long-term debt 1,434.8 1,379.2
Pension and post-retirement benefits 13.7 25.0
Lease liabilities 382.2 398.2
Other liabilities 303.3 300.2
Total Liabilities 2,907.2 2,980.0
Redeemable noncontrolling interests 106.6 106.9
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, 75,603,106 and 75,824,241 shares issued and outstanding in fiscal 2023 and 2022, respectively) 15.1 15.2
Additional paid-in capital 825.7 825.7
Retained earnings 706.6 693.3
Accumulated other comprehensive loss (113.1) (107.1)
Total Stockholders' Equity 1,434.3 1,427.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,448.1 $ 4,514.0
Common stock, shares, issued (in shares) 75,603,106 75,824,241
Common stock, shares, outstanding (in shares) 75,603,106 75,824,241