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Combined and Consolidated Balance Sheets - USD ($)
$ in Millions
May 28, 2017
May 29, 2016
Current assets:    
Cash and cash equivalents $ 57.1 $ 36.4
Receivables, less allowance for doubtful accounts of $0.5 and $0.5 185.2 186.5
Inventories 525.0 498.9
Prepaid expenses and other current assets 90.9 58.2
Total current assets 858.2 780.0
Property, plant and equipment, net 1,271.2 1,043.1
Goodwill 133.0 133.9
Intangible assets, net 37.2 39.6
Equity method investments 178.6 155.2
Other assets 7.4 6.5
Total assets 2,485.6 2,158.3
Current liabilities:    
Short-term borrowings 22.0 24.9
Current portion of long-term debt and financing obligations 37.9 13.5
Accounts payable 295.0 238.0
Accrued liabilities 200.5 133.2
Total current liabilities 555.4 409.6
Long-term debt, excluding current portion 2,365.0 104.6
Deferred income taxes 90.5 144.0
Other noncurrent liabilities 71.2 52.1
Total long-term liabilities 2,526.7 300.7
Commitments and contingencies
Redeemable noncontrolling interest 50.7 47.4
Stockholders' equity:    
Common stock of $1.00 par value, 600,000,000 shares authorized; 146,080,901 shares issued 146.1  
Parent companies' invested equity   1,409.8
Additional distributed capital (904.8)  
Retained earnings 121.0  
Accumulated other comprehensive loss (9.3) (9.2)
Treasury stock, at cost, 6,143 common shares (0.2)  
Total stockholders' equity (deficit) (647.2) 1,400.6
Total liabilities and stockholders’ equity $ 2,485.6 $ 2,158.3