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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
12 Months Ended
May 29, 2011
May 30, 2010
May 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 298.8 $ 209.2 $ 73.3
Adjustments to reconcile net income with net cash provided by operating activities:      
Depreciation and amortization 80.3 91.8 117.4
Share-based compensation expense 52.2 65.4 67.7
Excess tax benefit from share-based payment arrangements (11.0) (0.3) (5.0)
Tax benefit (deficiency) associated with stock options 36.3 (6.8) 8.1
Deferred tax provision 39.6 12.9 21.2
(Gain) loss on investments (6.7) (5.6) 7.3
Gain (loss) on disposal of equipment (0.5) 0.9 (0.1)
Impairment (recovery) of equipment and other assets 10.0 (1.2) 55.1
Non-cash restructuring recovery (1.0) (8.3) (1.5)
In-process research and development charge     2.9
Loss on extinguishment of debt   2.1  
Other, net 5.6 7.4 3.1
Changes in certain assets and liabilities, net:      
Receivables 17.0 (28.2) 65.2
Inventories (13.5) 15.7 13.5
Other current assets (45.8) (23.1) 2.9
Accounts payable and accrued liabilities (67.3) 59.9 (35.7)
Current and deferred income taxes (23.1) 1.7 (8.5)
Other non-current liabilities 2.6 9.4 (26.1)
Net cash provided by operating activities 373.5 402.9 360.8
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (100.0) (43.3) (83.7)
Sale of equipment 4.7 3.1 1.1
Purchase of short-term investments (80.0)    
Proceeds from maturity of short-term investments 40.0    
Business acquisition, net of cash acquired (4.1) (4.8) (4.5)
Funding of benefit plan (3.7) (1.6) (6.4)
Redemption of benefit plan 8.6 7.5 11.6
Other, net 0.4 (2.6) 0.2
Net cash used in investing activities (134.1) (41.7) (81.7)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from unsecured senior notes, net of issuance costs of $2.4   244.9  
Proceeds from liquidation of interest rate swap 13.0    
Repayment of debt (250.0) (265.6) (187.6)
Payment on software license obligations (6.6) (6.3)  
Excess tax benefit from share-based payment arrangements 11.0 0.3 5.0
Issuance of common stock 154.8 71.2 60.2
Payroll taxes paid on behalf of employees (3.5) (2.0) (0.4)
Purchase and retirement of treasury stock     (128.4)
Cash payments in connection with stock option exchange program   (1.3)  
Cash dividends declared and paid (91.6) (75.7) (64.4)
Net cash used in financing activities (172.9) (34.5) (315.6)
Net change in cash and cash equivalents 66.5 326.7 (36.5)
Cash and cash equivalents at beginning of year 1,027.0 700.3 736.8
Cash and cash equivalents at end of year $ 1,093.5 $ 1,027.0 $ 700.3