v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 22, 2026
May 25, 2025
ASSETS    
Cash and cash equivalents $ 55.1 $ 68.0
Receivables, less allowance for doubtful accounts of $4.6 and $3.6 757.0 770.0
Inventories 1,943.6 2,048.3
Prepaid expenses and other current assets 135.1 90.6
Current assets held for sale   94.1
Total current assets 2,890.8 3,071.0
Property, plant and equipment    
Property, plant and equipment 6,713.6 6,558.1
Less accumulated depreciation (3,913.0) (3,731.5)
Property, plant and equipment, net 2,800.6 2,826.6
Goodwill 9,730.7 10,501.9
Brands, trademarks and other intangibles, net 2,191.8 2,421.1
Other assets 1,585.4 1,571.0
Noncurrent assets held for sale 13.0 542.3
Assets 19,212.3 20,933.9
Current liabilities    
Notes payable 98.2 804.7
Current installments of long-term debt 777.1 1,028.8
Accounts and other payables 1,416.8 1,590.1
Accrued payroll 166.1 146.0
Other accrued liabilities 749.9 744.7
Current liabilities held for sale   2.7
Total current liabilities 3,208.1 4,317.0
Senior long-term debt, excluding current installments 6,457.1 6,234.1
Deferred income taxes 788.2 810.3
Other noncurrent liabilities 594.8 639.6
Noncurrent liabilities held for sale   0.2
Total liabilities 11,048.2 12,001.2
Common stockholders' equity    
Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 2,921.2 2,921.2
Additional paid-in capital 2,315.7 2,347.2
Retained earnings 5,955.6 6,759.1
Accumulated other comprehensive income 34.1 16.3
Less treasury stock, at cost, 105,782,073 and 106,846,304 common shares (3,062.5) (3,111.1)
Total stockholders' equity 8,164.1 8,932.7
Liabilities and Equity $ 19,212.3 $ 20,933.9