v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Feb. 22, 2026
Feb. 23, 2025
Cash flows—operating activities    
Net earnings $ 801.8 $ 745.8
Losses from discontinued operations, net of tax 4.1 1.2
Adjustments to reconcile net earnings from continuing operations to cash flows:    
Depreciation and amortization 414.8 381.1
Impairments and (gain) loss on disposal of assets, net (19.8) 1.1
Stock-based compensation expense 66.5 64.5
Change in current assets and liabilities (30.2) 50.0
Contributions to pension and postretirement plans (1.1) (1.2)
Deferred income taxes 80.1 27.2
Change in other assets and liabilities (9.3) (12.1)
Unrealized change in trust-owned life insurance value (30.8) (11.1)
Other, net 4.9 3.5
Net cash provided by operating activities of continuing operations 1,281.0 1,250.0
Cash flows—investing activities    
Purchases of land, buildings and equipment (540.9) (472.6)
Proceeds from disposal of land, buildings and equipment 33.0 0.0
Cash used in business acquisitions, net of cash acquired 0.0 (613.7)
Purchases of capitalized software and other assets (18.5) (17.9)
Other, net 3.3 4.6
Net cash used in investing activities of continuing operations (523.1) (1,099.6)
Cash flows—financing activities    
Proceeds from issuance of common stock 18.2 38.9
Dividends paid (521.5) (494.6)
Repurchases of common stock, inclusive of excise tax (534.4) (367.2)
Proceeds from (repayments of) short-term debt, net 290.0 (28.6)
Proceeds from issuance of long-term debt 0.0 750.0
Principal payments on finance leases, net (13.8) (15.5)
Payment of debt issuance costs 0.0 (6.9)
Net cash used in financing activities of continuing operations (761.5) (123.9)
Cash flows—discontinued operations    
Net cash used in operating activities of discontinued operations (2.4) (7.9)
Net cash used in discontinued operations (2.4) (7.9)
Increase (decrease) in cash, cash equivalents, and restricted cash (6.0) 18.6
Cash, cash equivalents, and restricted cash - beginning of period 254.5 220.1
Cash, cash equivalents, and restricted cash - end of period 248.5 238.7
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 240.4 224.2
Restricted cash included in prepaid expenses and other current assets 8.1 14.5
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 248.5 238.7
Cash flows from changes in current assets and liabilities    
Receivables, net 0.3 15.0
Inventories (33.7) (32.1)
Prepaid expenses and other current assets 4.1 (4.4)
Accounts payable (0.5) 7.2
Accrued payroll (3.9) 8.9
Prepaid/accrued income taxes (46.1) (12.2)
Other accrued taxes (3.3) (0.4)
Unearned revenues 55.5 45.7
Other current liabilities (2.6) 22.3
Change in current assets and liabilities $ (30.2) $ 50.0