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Consolidated Balance Sheets - USD ($)
$ in Millions
May 28, 2017
May 29, 2016
Current assets:    
Cash and cash equivalents $ 233.1 $ 274.8
Receivables, net 75.9 64.0
Inventories 178.9 175.4
Prepaid income taxes 6.2 46.1
Prepaid expenses and other current assets 80.7 76.4
Deferred income taxes 211.8 163.3
Assets held for sale 13.2 20.3
Total current assets 799.8 820.3
Land, buildings and equipment, net 2,272.3 2,041.6
Goodwill 1,201.7 872.3
Trademarks 950.2 574.6
Other assets 280.2 273.8
Total assets 5,504.2 4,582.6
Current liabilities:    
Accounts payable 249.5 241.9
Accrued payroll 149.1 135.1
Accrued income taxes 1.9 0.0
Other accrued taxes 54.2 49.1
Unearned revenues 388.6 360.4
Other current liabilities 445.9 400.6
Total current liabilities 1,289.2 1,187.1
Long-term debt 936.6 440.0
Deferred income taxes 357.5 255.2
Deferred rent 282.8 249.7
Other liabilities 536.4 498.6
Total liabilities 3,402.5 2,630.6
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 126.7 and 127.5 shares, respectively; outstanding 125.4 and 126.2 shares, respectively 1,614.6 1,502.6
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings 560.1 547.5
Treasury stock, 1.3 and 1.3 shares, at cost, respectively (7.8) (7.8)
Accumulated other comprehensive income (loss) (62.9) (87.0)
Unearned compensation (2.3) (3.3)
Total stockholders’ equity 2,101.7 1,952.0
Total liabilities and stockholders’ equity $ 5,504.2 $ 4,582.6