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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
May 27, 2018
May 28, 2017
May 29, 2016
Cash flows - operating activities      
Net earnings $ 596.0 $ 479.1 $ 375.0
(Earnings) losses from discontinued operations, net of tax 7.8 3.4 (15.3)
Adjustments to reconcile net earnings from continuing operations to cash flows:      
Depreciation and amortization 313.1 272.9 290.2
Impairments and disposal of assets, net 3.4 (8.4) 5.8
Amortization of loan costs and losses on interest-rate related derivatives 1.6 1.0 3.6
Stock-based compensation expense 42.8 40.7 37.3
Change in current assets and liabilities (8.0) 112.6 13.7
Contributions to pension and postretirement plans (62.0) (1.6) (26.5)
Change in cash surrender value of trust-owned life insurance (11.2) (10.3) 3.3
Deferred income taxes (20.6) (22.9) (10.8)
Change in deferred rent 36.6 32.9 23.8
Change in other assets and liabilities 14.6 (5.0) 5.3
Loss on extinguishment of debt 102.2 0.0 106.8
Other, net 3.5 21.9 8.2
Net cash provided by operating activities of continuing operations 1,019.8 916.3 820.4
Cash flows - investing activities      
Purchases of land, buildings and equipment (396.0) (293.0) (228.3)
Proceeds from disposal of land, buildings and equipment 3.3 8.3 325.2
Cash used in business acquisitions, net of cash acquired (40.4) (764.4) 0.0
Purchases of capitalized software and other assets (22.8) (25.3) (23.3)
Other, net 4.8 4.7 1.8
Net cash provided by (used in) investing activities of continuing operations (451.1) (1,069.7) 75.4
Cash flows - financing activities      
Proceeds from issuance of common stock 37.8 113.1 99.3
Income tax benefits credited to equity 0.0 27.2 17.5
Special cash distribution from Four Corners Property Trust 0.0 0.0 315.0
Dividends paid (313.5) (279.1) (268.2)
Repurchases of common stock (234.8) (230.2) (184.8)
Proceeds from issuance of short-term debt 960.0 0.0 0.0
Repayments of short-term debt (960.0) 0.0 0.0
Repayments of long-term debt (408.2) 0.0 (1,096.8)
Proceeds from issuance of long-term debt 300.0 500.0 0.0
Principal payments on capital and financing leases (5.4) (3.9) (3.4)
Proceeds from financing lease obligation 0.0 5.7 0.0
Other, net (12.5) (3.6) 0.6
Net cash provided by (used) in financing activities of continuing operations (636.6) 129.2 (1,120.8)
Cash flows - discontinued operations      
Net cash used in operating activities of discontinued operations (18.5) (18.3) (42.4)
Net cash provided by investing activities of discontinued operations 0.2 0.8 6.3
Net cash used in discontinued operations (18.3) (17.5) (36.1)
Decrease in cash and cash equivalents (86.2) (41.7) (261.1)
Cash and cash equivalents - beginning of year 233.1 274.8 535.9
Cash and cash equivalents - end of year 146.9 233.1 274.8
Cash flows from changes in current assets and liabilities      
Receivables, net (7.2) (6.5) 14.0
Inventories (26.6) 5.0 (11.8)
Prepaid expenses and other current assets (12.5) (1.1) (10.8)
Accounts payable 12.6 (9.0) 45.6
Accrued payroll 25.9 0.8 (5.9)
Prepaid/accrued income taxes (9.9) 41.4 (21.3)
Other accrued taxes 1.6 0.4 (1.4)
Unearned revenues 33.5 41.6 46.0
Other current liabilities (25.4) 40.0 (40.7)
Change in current assets and liabilities $ (8.0) $ 112.6 $ 13.7