v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2026
May 25, 2025
ASSETS    
Cash and cash equivalents $ 218.0 $ 68.0
Receivables, less allowance for doubtful accounts of $3.9 and $3.6 658.2 770.0
Inventories 1,905.4 2,048.3
Prepaid expenses and other current assets 100.5 90.6
Current assets held for sale   94.1
Total current assets 2,882.1 3,071.0
Property, plant and equipment    
Land and land improvements 165.2 160.7
Buildings, machinery and equipment 5,755.6 5,516.3
Furniture, fixtures, office equipment and other 689.5 654.0
Construction in progress 233.0 227.1
Property, plant and equipment gross 6,843.3 6,558.1
Less accumulated depreciation (3,980.4) (3,731.5)
Property, plant and equipment, net 2,862.9 2,826.6
Goodwill 8,119.3 10,501.9
Brands, trademarks and other intangibles, net 1,830.7 2,421.1
Other assets 1,566.4 1,571.0
Noncurrent assets held for sale 13.0 542.3
Assets 17,274.4 20,933.9
Current liabilities    
Notes payable 34.2 804.7
Current installments of long-term debt 778.2 1,028.8
Accounts and other payables 1,513.3 1,590.1
Accrued payroll 201.7 146.0
Other accrued liabilities 660.6 744.7
Current liabilities held for sale   2.7
Total current liabilities 3,188.0 4,317.0
Senior long-term debt, excluding current installments 6,456.0 6,234.1
Deferred income taxes 693.4 810.3
Other noncurrent liabilities 579.4 639.6
Noncurrent liabilities held for sale   0.2
Total liabilities 10,916.8 12,001.2
Commitments and contingencies (Note 16)
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 2,316.1 2,347.2
Retained earnings 4,171.7 6,759.1
Accumulated other comprehensive income (loss) 7.4 16.3
Less treasury stock, at cost, 105,666,163 and 106,846,304 common shares (3,058.8) (3,111.1)
Total stockholders' equity 6,357.6 8,932.7
Liabilities and Equity $ 17,274.4 $ 20,933.9