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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data
12 Months Ended
May 29, 2011
May 30, 2010
May 31, 2009
Net sales $ 1,520.4 $ 1,419.4 $ 1,460.4
Cost of sales 482.0 484.2 544.1
Gross margin 1,038.4 935.2 916.3
Research and development 278.6 272.7 306.0
Selling, general and administrative 282.3 317.0 283.0
Severance and restructuring expenses 25.6 20.1 143.9
In-process research and development charge     2.9
Other operating expense (income), net 0.3 (0.4) (2.7)
Operating expenses 586.8 609.4 733.1
Operating income 451.6 325.8 183.2
Interest income 2.6 1.8 10.4
Interest expense (55.1) (60.3) (72.7)
Other non-operating income (expense), net 3.9 1.3 (7.3)
Income before income taxes 403.0 268.6 113.6
Income tax expense 104.2 59.4 40.3
Net income $ 298.8 $ 209.2 $ 73.3
Earnings per share:      
Basic (in dollars per share) $ 1.24 $ 0.88 $ 0.32
Diluted (in dollars per share) $ 1.20 $ 0.87 $ 0.31
Weighted-average common and potential common shares outstanding:      
Basic (in shares) 241.8 236.4 229.1
Diluted (in shares) 248.2 241.3 235.1