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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 01, 2019
Jun. 02, 2018
Jun. 03, 2017
Cash Flows from Operating Activities:      
Net earnings $ 160.5 $ 128.7 $ 124.1
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation expense 65.9 60.9 52.9
Amortization expense 6.2 6.0 6.0
Earnings from nonconsolidated affiliates net of dividends received (2.1) (0.2) (1.5)
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount (2.1) 0.0 0.0
Loss (gain) on sales of property and dealers (0.8) 0.5 0.0
Deferred taxes 0.8 (0.8) 14.8
Pension contributions (0.9) (13.4) (1.1)
Pension and post-retirement expenses 1.2 2.9 0.5
Restructuring and impairment expenses 10.2 5.7 12.5
Stock-based compensation 7.3 7.7 8.7
Increase in long-term liabilities 1.6 3.4 6.2
(Increase) decrease in accounts receivable & unbilled accounts receivable (24.8) (33.1) 17.3
Increase in inventories (31.9) (12.4) (29.9)
Increase in prepaid expenses and other (0.6) (3.0) (0.5)
Increase (decrease) in accounts payable 0.5 16.0 (11.2)
(Decrease) increase in accrued liabilities 22.7 (0.3) 0.8
Other 1.1 (1.1) 2.5
Net Cash Provided by Operating Activities 216.4 166.5 202.1
Cash Flows from Investing Activities:      
Net receipts (advances) from notes receivable 1.1 (1.1) 2.4
Marketable securities purchases (1.9) (1.0) (2.0)
Marketable securities sales 1.7 1.0 0.9
Capital expenditures (85.8) (70.6) (87.3)
Proceeds from sales of property and dealers 0.5 2.1 0.0
Payments of loans on cash surrender value of life insurance 0.0 0.0 (15.3)
Proceeds from life insurance policy 0.0 8.1 0.0
Purchase of HAY licensing agreement (4.8) 0.0 0.0
Equity investment in non-controlled entities (73.6) 0.0 (13.1)
Other, net (2.2) (1.2) (1.9)
Net Cash Used in Investing Activities (165.0) (62.7) (116.3)
Cash Flows from Financing Activities:      
Repayments of long-term debt 0.0 150.0 0.0
Proceeds from credit facility 0.0 340.4 794.4
Repayments of credit facility 0.0 (115.4) (816.4)
Dividends paid (45.6) (42.4) (39.4)
Common stock issued 12.3 17.0 11.7
Common stock repurchased and retired (47.9) (46.5) (23.7)
Purchase of noncontrolling interests (10.1) (1.0) (1.5)
Other, net (0.6) 0.4 0.3
Net Cash (Used in) Provided by Financing Activities (91.9) 2.5 (74.6)
Effect of exchange rate changes on cash and cash equivalents (4.2) 1.4 0.1
Net Increase In Cash and Cash Equivalents (44.7) 107.7 11.3
Cash and cash equivalents, Beginning of Year 203.9 96.2 84.9
Cash and Cash Equivalents, End of Year 159.2 203.9 96.2
Other Cash Flow Information      
Interest paid 11.5 16.4 13.4
Income taxes paid, net of cash received $ 41.0 $ 34.2 $ 35.6