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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 02, 2023
Jun. 03, 2023
Current Assets:    
Cash and cash equivalents $ 217.5 $ 223.5
Accounts receivable, net of allowance of $7.4 and $6.4 298.0 334.1
Unbilled accounts receivable 25.1 29.4
Inventories, net 473.2 487.4
Prepaid expenses 76.3 92.7
Other current assets 7.6 9.1
Total current assets 1,097.7 1,176.2
Property and equipment, at cost 1,585.4 1,570.7
Less — accumulated depreciation (1,055.5) (1,034.4)
Net property and equipment 529.9 536.3
Right of use assets 399.2 415.9
Goodwill 1,223.6 1,221.7
Indefinite-lived intangibles 481.4 480.7
Other amortizable intangibles, net of accumulated amortization of $195.0 and $185.2 304.9 313.1
Other noncurrent assets 146.5 130.9
Total Assets 4,183.2 4,274.8
Current Liabilities:    
Accounts payable 252.0 269.5
Short-term borrowings and current portion of long-term debt 36.3 33.4
Accrued compensation and benefits 88.1 61.7
Short-term lease liability 75.5 77.1
Accrued warranty 20.7 20.8
Customer deposits 97.5 93.8
Other accrued liabilities 134.4 146.5
Total current liabilities 704.5 702.8
Long-term debt 1,298.8 1,365.1
Pension and post-retirement benefits 7.7 7.5
Lease liabilities 377.0 393.7
Other liabilities 265.3 265.5
Total Liabilities 2,653.3 2,734.6
Redeemable noncontrolling interests 107.6 107.6
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, 74,405,225 and 75,698,670 shares issued and outstanding in fiscal 2024 and 2023, respectively) 14.9 15.1
Additional paid-in capital 812.2 836.5
Retained earnings 678.7 676.1
Accumulated other comprehensive loss (83.5) (95.1)
Total Stockholders' Equity 1,422.3 1,432.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,183.2 $ 4,274.8