Financial Summary (All financials)
| In millions, except per share items | May-28-23 | May-29-22 | May-30-21 | May-31-20 | May-26-19 | May-27-18 | May-28-17 | May-29-16 |
| Revenues | 12,277.0 | 11,535.9 | 11,184.7 | 11,054.4 | 9,538.4 | 7,938.3 | 7,826.9 | 8,666.0 |
| Revenue growth | 6.4% | 3.1% | 1.2% | 15.9% | 20.2% | 1.4% | -9.7% | -4.1% |
| Cost of goods sold | 9,012.2 | 8,697.1 | 8,005.5 | 7,984.8 | 6,885.4 | 5,586.8 | 5,483.1 | 6,234.9 |
| Gross profit | 3,264.8 | 2,838.8 | 3,179.2 | 3,069.6 | 2,653.0 | 2,351.5 | 2,343.8 | 2,431.1 |
| Gross margin | 26.6% | 24.6% | 28.4% | 27.8% | 27.8% | 29.6% | 29.9% | 28.1% |
| Selling, general and administrative | 2,189.5 | 1,492.8 | 1,403.0 | 1,622.5 | 1,473.4 | 1,398.4 | 1,474.0 | 2,024.6 |
| EBITA | 1,784.6 | 2,011.8 | 2,420.4 | 2,084.6 | 1,339.6 | 1,330.2 | 1,253.5 | 827.3 |
| EBITA margin | 14.5% | 17.4% | 21.6% | 18.9% | 14.0% | 16.8% | 16.0% | 9.5% |
| Amortization of intangibles | 56.8 | 59.3 | 59.7 | 59.8 | 49.1 | 34.9 | 33.6 | 34.6 |
| EBIT | 1,727.8 | 1,952.5 | 2,360.7 | 2,024.8 | 1,290.5 | 1,295.3 | 1,219.9 | 792.7 |
| EBIT margin | 14.1% | 16.9% | 21.1% | 18.3% | 13.5% | 16.3% | 15.6% | 9.1% |
| Pre-tax income | 901.9 | 1,178.7 | 1,494.7 | 1,043.1 | 899.1 | 972.1 | 800.7 | 174.9 |
| Income taxes | 218.7 | 290.5 | 193.8 | 201.3 | 218.8 | 174.6 | 254.7 | 46.4 |
| Tax rate | 24.2% | 24.6% | 13.0% | 19.3% | 24.3% | 18.0% | 31.8% | 26.5% |
| Earnings from continuing ops | 683.6 | 888.2 | 1,298.8 | 840.1 | 1,360.5 | 794.1 | 537.3 | 117.4 |
| Earnings from discontinued ops | | | | | -1.9 | 14.3 | 102.0 | -794.4 |
| Net income | 683.6 | 888.2 | 1,298.8 | 840.1 | 1,358.6 | 808.4 | 639.3 | -677.0 |
| Net margin | 5.6% | 7.7% | 11.6% | 7.6% | 14.2% | 10.2% | 8.2% | -7.8% |
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| Diluted EPS | $1.42 | $1.84 | $2.66 | $1.72 | $3.05 | $1.95 | $1.23 | $0.27 |
| Shares outstanding (diluted) | 480.7 | 482.2 | 487.8 | 488.6 | 445.6 | 407.4 | 436.0 | 438.5 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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