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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 03, 2022
May 28, 2022
Current Assets:    
Cash and cash equivalents $ 215.8 $ 230.3
Short-term investments 0.0 0.0
Accounts receivable, net of allowances of $7.5 and $9.7 338.5 348.9
Unbilled accounts receivable 33.8 32.0
Inventories, net 615.5 587.3
Prepaid expenses 118.5 112.1
Other current assets 9.1 7.3
Total current assets 1,331.2 1,317.9
Property and equipment, at cost 1,511.5 1,509.7
Less — accumulated depreciation (952.0) (928.2)
Net property and equipment 559.5 581.5
Right of use assets 418.1 425.8
Goodwill 1,197.5 1,226.2
Indefinite-lived intangibles 491.3 501.0
Other amortizable intangibles, net of accumulated amortization of $138.0 and $134.7 342.8 362.4
Other noncurrent assets 107.0 99.2
Total Assets 4,447.4 4,514.0
Current Liabilities:    
Accounts payable 303.2 355.1
Short-term borrowings and current portion of long-term debt 28.7 29.3
Accrued compensation and benefits 93.8 128.6
Short-term lease liability 78.1 79.9
Accrued warranty 20.5 18.8
Customer deposits 116.4 125.3
Other accrued liabilities 132.3 140.4
Total current liabilities 773.0 877.4
Long-term debt 1,484.4 1,379.2
Pension and post-retirement benefits 21.7 25.0
Lease liabilities 391.7 398.2
Other liabilities 301.1 300.2
Total Liabilities 2,971.9 2,980.0
Redeemable noncontrolling interests 100.7 106.9
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, 75,556,031 and 75,824,241 shares issued and outstanding in fiscal 2023 and 2022, respectively) 15.1 15.2
Additional paid-in capital 819.3 825.7
Retained earnings 705.3 693.3
Accumulated other comprehensive loss (164.9) (107.1)
Deferred compensation plan 0.0 0.0
Total Stockholders' Equity 1,374.8 1,427.1
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,447.4 $ 4,514.0
Common stock, shares, outstanding (in shares) 75,556,031 75,824,241
Common stock, shares, issued (in shares) 75,556,031 75,824,241