v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
May 31, 2026
May 25, 2025
Current assets:    
Cash and cash equivalents $ 68.2 $ 70.7
Receivables, net of allowances of $0.9 and $0.9 779.1 781.6
Inventories 968.5 1,035.4
Prepaid expenses and other current assets 198.6 145.0
Total current assets 2,014.4 2,032.7
Property, plant and equipment, net 3,690.0 3,687.9
Operating lease assets 111.6 113.2
Goodwill 1,130.1 1,090.2
Intangible assets, net 108.3 114.0
Other assets 325.7 354.6
Total assets 7,380.1 7,392.6
Current liabilities:    
Short-term borrowings 249.4 370.8
Current portion of long-term debt and financing obligations 70.6 77.8
Accounts payable 613.1 616.4
Accrued liabilities 482.4 411.0
Total current liabilities 1,415.5 1,476.0
Long-term liabilities:    
Long-term debt and financing obligations, excluding current portion 3,595.2 3,682.8
Deferred income taxes 297.5 253.5
Other noncurrent liabilities 247.0 242.6
Total long-term liabilities 4,139.7 4,178.9
Commitments and contingencies
Stockholders’ equity:    
Common stock of $1.00 par value, 600,000,000 shares authorized; [xxx,xxx,xxx] and 150,735,397 shares issued 152.1 151.4
Treasury stock, at cost, 12,152,507 and 7,068,741 common shares (961.8) (838.0)
Additional distributed capital (426.9) (479.1)
Retained earnings 2,929.7 2,848.9
Accumulated other comprehensive income 131.8 54.5
Total stockholders’ equity 1,824.9 1,737.7
Total liabilities and stockholders’ equity $ 7,380.1 $ 7,392.6