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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 01, 2024
Jun. 03, 2023
Current Assets:    
Cash and cash equivalents $ 230.4 $ 223.5
Accounts receivable, net of allowances of $7.4 and $6.4 308.3 334.1
Unbilled accounts receivable 22.2 29.4
Inventories, net 428.6 487.4
Prepaid expenses 66.5 92.7
Assets held for sale 3.5 0.0
Other current assets 10.1 9.1
Total current assets 1,069.6 1,176.2
Property and equipment, net of accumulated depreciation of $1,090.7 and $1,034.4 492.0 536.3
Right of use assets 375.6 415.9
Goodwill 1,226.3 1,221.7
Indefinite-lived intangibles 465.5 480.7
Other amortizable intangibles, net of accumulated amortization of $223.4 and $185.2 279.3 313.1
Other noncurrent assets 135.3 130.9
Total Assets 4,043.6 4,274.8
Current Liabilities:    
Accounts payable 241.4 269.5
Short-term borrowings and current portion of long-term debt 43.5 33.4
Accrued compensation and benefits 104.5 61.7
Short-term lease liability 67.2 77.1
Accrued warranty 17.6 20.8
Customer deposits 100.2 93.8
Other accrued liabilities 123.3 146.5
Total current liabilities 697.7 702.8
Long-term debt 1,291.7 1,365.1
Pension and post-retirement benefits 10.0 7.5
Lease liabilities 360.4 393.7
Other liabilities 224.8 265.5
Total Liabilities 2,584.6 2,734.6
Redeemable noncontrolling interests 73.9 107.6
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, 70,377,692 and 75,698,670 shares issued and outstanding in 2024 and 2023, respectively) 14.1 15.1
Additional paid-in capital 725.3 836.5
Retained earnings 738.4 676.1
Accumulated other comprehensive loss (92.7) (95.1)
Total Stockholders' Equity 1,385.1 1,432.6
Total Liabilities, Redeemable Noncontrolling Interests and Stockholders' Equity $ 4,043.6 $ 4,274.8