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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
May 29, 2011
May 30, 2010
Current assets:    
Cash and cash equivalents $ 1,093.5 $ 1,027.0
Short-term investments 40.0  
Receivables, less allowances of $36.7 in 2011 and $30.0 in 2010 81.5 98.2
Inventories 132.0 118.6
Deferred tax assets 64.1 70.3
Other current assets 187.5 156.8
Total current assets 1,598.6 1,470.9
Property, plant and equipment, net 421.1 390.1
Goodwill 68.3 66.1
Deferred tax assets, net 209.1 245.5
Other assets 98.2 102.2
Total assets 2,395.3 2,274.8
Current liabilities:    
Current portion of long-term debt   276.5
Accounts payable 49.2 49.8
Accrued liabilities 142.1 204.5
Income taxes payable 4.2 17.6
Total current liabilities 195.5 548.4
Long-term debt 1,042.8 1,001.0
Long-term income taxes payable 195.8 175.3
Other non-current liabilities 110.7 124.2
Total liabilities 1,544.8 1,848.9
Commitments and contingencies    
Shareholders' equity:    
Preferred stock of $0.50 par value. Authorized 1,000,000 shares.    
Common stock of $0.50 par value. Authorized 850,000,000 shares. Issued and outstanding 251,738,675 shares in 2011 and 239,071,512 shares in 2010 125.9 119.5
Additional paid-in-capital 391.5 188.3
Retained earnings 457.5 250.3
Accumulated other comprehensive loss (124.4) (132.2)
Total shareholders' equity 850.5 425.9
Total liabilities and shareholders' equity $ 2,395.3 $ 2,274.8