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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 04, 2023
May 28, 2022
Current Assets:    
Cash and cash equivalents $ 217.1 $ 230.3
Accounts receivable, net of allowances of $6.8 and $9.7 351.5 348.9
Unbilled accounts receivable 38.2 32.0
Inventories, net 539.6 587.3
Prepaid expenses 120.7 112.1
Other current assets 9.0 7.3
Total current assets 1,276.1 1,317.9
Property and equipment, at cost 1,548.9 1,509.7
Less — accumulated depreciation (1,006.2) (928.2)
Net property and equipment 542.7 581.5
Right of use assets 395.1 425.8
Goodwill 1,217.8 1,226.2
Indefinite-lived intangibles 499.4 501.0
Other amortizable intangibles, net of accumulated amortization of $175.1 and $134.7 320.4 362.4
Other noncurrent assets 131.3 99.2
Total Assets 4,382.8 4,514.0
Current Liabilities:    
Accounts payable 282.7 355.1
Short-term borrowings and current portion of long-term debt 30.9 29.3
Accrued compensation and benefits 83.2 128.6
Short-term lease liability 78.1 79.9
Accrued warranty 21.2 18.8
Customer deposits 97.4 125.3
Other accrued liabilities 139.7 140.4
Total current liabilities 733.2 877.4
Long-term debt 1,415.1 1,379.2
Pension and post-retirement benefits 15.3 25.0
Lease liabilities 374.2 398.2
Other liabilities 304.5 300.2
Total Liabilities 2,842.3 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, 75,626,701 and 75,824,241 shares issued and outstanding in fiscal 2023 and 2022, respectively) 15.1 15.2
Additional paid-in capital 831.0 825.7
Retained earnings 693.3 693.3
Accumulated other comprehensive loss (105.5) (107.1)
Total Stockholders' Equity 1,433.9 1,427.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,382.8 $ 4,514.0