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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 01, 2025
Jun. 01, 2024
Current Assets:    
Cash and cash equivalents $ 169.8 $ 230.4
Accounts receivable, net of allowance of $9.3 and $7.4 321.7 308.3
Unbilled accounts receivable 24.3 22.2
Inventories 425.5 428.6
Prepaid expenses 184.1 66.5
Assets held for sale 0.0 3.5
Other current assets 15.2 10.1
Total current assets 1,140.6 1,069.6
Property and equipment, at cost 1,602.6 1,582.7
Less — accumulated depreciation (1,127.4) (1,090.7)
Net property and equipment 475.2 492.0
Right of use assets 389.9 375.6
Goodwill 1,118.5 1,226.3
Indefinite-lived intangibles 422.6 465.5
Other amortizable intangibles, net of accumulated amortization of $248.4 and $223.4 248.8 279.3
Other noncurrent assets 99.8 135.3
Total Assets 3,895.4 4,043.6
Current Liabilities:    
Accounts payable 238.1 241.4
Short-term borrowings and current portion of long-term debt 48.4 43.5
Accrued compensation and benefits 88.1 104.5
Short-term lease liability 71.4 67.2
Accrued warranty 16.6 17.6
Customer deposits 96.3 100.2
Other accrued liabilities 124.2 123.3
Total current liabilities 683.1 697.7
Long-term debt 1,283.3 1,291.7
Pension and post-retirement benefits 6.8 10.0
Lease liabilities 390.9 360.4
Other liabilities 208.8 224.8
Total Liabilities 2,572.9 2,584.6
Redeemable noncontrolling interests 68.4 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, 67,737,914 and 70,377,692 shares issued and outstanding in fiscal 2025 and 2024, respectively) 13.5 14.1
Additional paid-in capital 670.5 725.3
Retained earnings 719.6 738.4
Accumulated other comprehensive loss (149.5) (92.7)
Total Stockholders' Equity 1,254.1 1,385.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 3,895.4 $ 4,043.6
Common stock, shares, issued (in shares) 67,737,914 70,377,692