Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Feb. 23, 2025	May 26, 2024
Current assets:
Cash and cash equivalents	$ 67.5	$ 71.4
Receivables, net of allowances of $0.9 and $0.9	716.6	743.6
Inventories	1,249.3	1,138.6
Prepaid expenses and other current assets	161.7	136.4
Total current assets	2,195.1	2,090.0
Property, plant and equipment, net	3,585.2	3,582.8
Operating lease assets	114.0	133.0
Goodwill	1,027.0	1,059.9
Intangible assets, net	99.4	104.9
Other assets	402.1	396.4
Total assets	7,422.8	7,367.0
Current liabilities:
Short-term borrowings	485.2	326.3
Current portion of long-term debt and financing obligations	79.3	56.4
Accounts payable	664.6	833.8
Accrued liabilities	391.9	407.6
Total current liabilities	1,621.0	1,624.1
Long-term liabilities:
Long-term debt and financing obligations, excluding current portion	3,680.6	3,440.7
Deferred income taxes	242.5	256.2
Other noncurrent liabilities	245.1	258.2
Total long-term liabilities	4,168.2	3,955.1
Commitments and contingencies
Stockholders’ equity:
Common stock of $1.00 par value, 600,000,000 shares authorized; 151,357,708 and 150,735,397 shares issued	151.4	150.7
Treasury stock, at cost, 10,243,152 and 7,068,741 common shares	(736.3)	(540.9)
Additional distributed capital	(488.2)	(508.9)
Retained earnings	2,781.1	2,699.8
Accumulated other comprehensive loss	(74.4)	(12.9)
Total stockholders’ equity	1,633.6	1,787.8
Total liabilities and stockholders’ equity	$ 7,422.8	$ 7,367.0