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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 02, 2024
Jun. 03, 2023
Current Assets:    
Cash and cash equivalents $ 223.6 $ 223.5
Accounts receivable, net of allowance of $7.6 and $6.4 291.1 334.1
Unbilled accounts receivable 27.6 29.4
Inventories, net 437.4 487.4
Prepaid expenses 89.9 92.7
Assets held for sale 4.6 0.0
Other current assets 9.2 9.1
Total current assets 1,083.4 1,176.2
Property and equipment, at cost 1,583.8 1,570.7
Less — accumulated depreciation (1,077.6) (1,034.4)
Net property and equipment 506.2 536.3
Right of use assets 376.8 415.9
Goodwill 1,225.9 1,221.7
Indefinite-lived intangibles 482.2 480.7
Other amortizable intangibles, net of accumulated amortization of $214.1 and $185.2 287.7 313.1
Other noncurrent assets 132.9 130.9
Total Assets 4,095.1 4,274.8
Current Liabilities:    
Accounts payable 242.0 269.5
Short-term borrowings and current portion of long-term debt 40.9 33.4
Accrued compensation and benefits 104.8 61.7
Short-term lease liability 71.1 77.1
Accrued warranty 18.3 20.8
Customer deposits 85.5 93.8
Other accrued liabilities 117.9 146.5
Total current liabilities 680.5 702.8
Long-term debt 1,290.4 1,365.1
Pension and post-retirement benefits 7.4 7.5
Lease liabilities 355.2 393.7
Other liabilities 263.5 265.5
Total Liabilities 2,597.0 2,734.6
Redeemable noncontrolling interests 107.2 107.6
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, 71,736,286 and 75,698,670 shares issued and outstanding in fiscal 2024 and 2023, respectively) 14.3 15.1
Additional paid-in capital 758.1 836.5
Retained earnings 707.1 676.1
Accumulated other comprehensive loss (88.6) (95.1)
Total Stockholders' Equity 1,390.9 1,432.6
Total Liabilities, Redeemable Noncontrolling Interests, and Stockholders' Equity $ 4,095.1 $ 4,274.8