v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Aug. 30, 2026
Aug. 24, 2025
Cash flows from operating activities    
Net income $ 29.1 $ 64.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles and debt issuance costs 100.9 95.3
Stock-settled, stock-based compensation expense 15.1 10.6
Equity method investment (earnings) loss, net of distributions (3.1) 0.2
Deferred income taxes (11.9) 14.5
Cost Savings Program and Restructuring expenses 24.1 0.0
Other 11.4 11.6
Changes in operating assets and liabilities:    
Receivables (5.2) 17.6
Inventories 1.5 136.3
Income taxes payable/receivable, net 32.1 22.8
Prepaid expenses and other current assets 34.6 40.2
Accounts payable 59.2 (47.7)
Accrued liabilities (53.0) (13.7)
Net cash provided by operating activities 234.8 352.0
Cash flows from investing activities    
Additions to property, plant and equipment (88.7) (77.6)
Additions to other long-term assets (2.3) (1.6)
Other 0.1 2.9
Net cash used for investing activities (90.9) (76.3)
Cash flows from financing activities    
Proceeds from short-term borrowings 74.5 305.0
Repayments of short-term borrowings (44.4) (466.9)
Repayments of debt and financing obligations (16.5) (16.2)
Dividends paid (52.2) (51.7)
Repurchase of common stock and common stock withheld to cover taxes (7.7) (18.7)
Net cash used for financing activities (46.3) (248.5)
Effect of exchange rate changes on cash and cash equivalents 0.5 0.7
Net increase in cash and cash equivalents 98.1 27.9
Cash and cash equivalents, beginning of period 68.2 70.7
Cash and cash equivalents, end of period $ 166.3 $ 98.6