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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 29, 2022
May 30, 2021
Current assets:    
Cash and cash equivalents $ 420.6 $ 1,214.7
Receivables, net 72.0 68.2
Inventories 270.6 190.8
Prepaid income taxes 274.8 337.2
Prepaid expenses and other current assets 141.4 60.2
Total current assets 1,179.4 1,871.1
Land, buildings and equipment, net 3,356.0 2,869.2
Operating lease right-of-use assets 3,465.1 3,776.4
Goodwill 1,037.4 1,037.4
Trademarks 806.3 806.3
Other assets 291.6 295.7
Total assets 10,135.8 10,656.1
Current liabilities:    
Accounts payable 366.9 304.5
Accrued payroll 181.5 177.4
Accrued income taxes 32.1 35.9
Other accrued taxes 64.5 60.5
Unearned revenues 498.0 474.2
Other current liabilities 704.5 795.8
Total current liabilities 1,847.5 1,848.3
Long-term debt 901.0 929.8
Deferred income taxes 201.1 221.6
Operating lease liabilities - non-current 3,755.8 4,088.5
Other liabilities 1,232.2 754.8
Total liabilities 7,937.6 7,843.0
Stockholders’ equity:    
Common stock and surplus, no par value. Authorized 500.0 shares; issued 123.9 and 130.8 shares, respectively; outstanding 123.9 and 130.8 shares, respectively 2,226.0 2,286.6
Preferred stock, no par value. Authorized 25.0 shares; none issued and outstanding 0.0 0.0
Retained earnings (deficit) (25.9) 522.3
Accumulated other comprehensive income (loss) (1.9) 4.2
Total stockholders’ equity 2,198.2 2,813.1
Total liabilities and stockholders’ equity $ 10,135.8 $ 10,656.1