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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2024
Jun. 01, 2024
Current Assets:    
Cash and cash equivalents $ 221.1 $ 230.4
Accounts receivable, net of allowance of $8.1 and $7.4 327.8 308.3
Unbilled accounts receivable 43.7 22.2
Inventories, net 430.6 428.6
Prepaid expenses 85.9 66.5
Assets held for sale 3.2 3.5
Other current assets 13.5 10.1
Total current assets 1,125.8 1,069.6
Property and equipment, at cost 1,611.1 1,582.7
Less — accumulated depreciation (1,126.7) (1,090.7)
Net property and equipment 484.4 492.0
Right of use assets 373.5 375.6
Goodwill 1,218.2 1,226.3
Indefinite-lived intangibles 462.5 465.5
Other amortizable intangibles, net of accumulated amortization of $240.6 and $223.4 259.5 279.3
Other noncurrent assets 112.3 135.3
Total Assets 4,036.2 4,043.6
Current Liabilities:    
Accounts payable 244.7 241.4
Short-term borrowings and current portion of long-term debt 48.7 43.5
Accrued compensation and benefits 83.6 104.5
Short-term lease liability 71.3 67.2
Accrued warranty 16.8 17.6
Customer deposits 96.7 100.2
Other accrued liabilities 141.9 123.3
Total current liabilities 703.7 697.7
Long-term debt 1,343.2 1,291.7
Pension and post-retirement benefits 6.9 10.0
Lease liabilities 376.2 360.4
Other liabilities 222.0 224.8
Total Liabilities 2,652.0 2,584.6
Redeemable noncontrolling interests 73.4 73.9
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, 68,434,419 and 70,377,692 shares issued and outstanding in fiscal 2025 and 2024, respectively) 13.7 14.1
Additional paid-in capital 680.3 725.3
Retained earnings 745.1 738.4
Accumulated other comprehensive loss (128.3) (92.7)
Total Stockholders' Equity 1,310.8 1,385.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,036.2 $ 4,043.6