SEGMENTS (Tables)

9 Months Ended

Feb. 26, 2017


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	February 26,		February 28,		February 26,		February 28,
(in millions)	2017		2016		2017		2016
Net sales:
Global	$	391.6	$	381.4	$	1,203.4	$	1,152.5
Foodservice		242.2		219.9		753.0		691.4
Retail		99.7		98.5		285.8		278.0
Other		35.0		28.9		93.3		94.9
Total net sales		768.5		728.7		2,335.5		2,216.8
Product contribution margin (a):
Global		93.2		85.6		259.1		219.9
Foodservice		84.1		64.8		243.8		182.7
Retail		23.1		23.2		63.6		51.8
Other		2.2		4.0		5.0		12.9
Total product contribution margin		202.6		177.6		571.5		467.3
Equity method investment earnings (b)		12.7		36.1		29.5		56.3
Total product contribution margin plus equity method investment earnings		215.3		213.7		601.0		523.6
Other selling, general and administrative expenses (a) (c)		57.4		50.3		175.8		145.9
Interest expense, net		26.3		1.5		34.5		4.3
Income tax expense		44.0		53.2		129.0		124.2
Net income		87.6		108.7		261.7		249.2
Less: Income attributable to noncontrolling interests		3.4		1.3		10.7		6.5
Net income attributable to Lamb Weston Holdings, Inc.	$	84.2	$	107.4	$	251.0	$	242.7

(a)

Product contribution margin is defined as net sales, less cost of sales and advertising and promotions expenses. Other selling, general and administrative expenses include all selling, general and administrative expenses other than advertising and promotions expenses.

(b)

The thirteen and thirty-nine weeks ended February 28, 2016, both include a $17.7 million non-cash gain related to the settlement of a pension plan of our Lamb-Weston/Meijer joint venture.

(c)

The thirteen and thirty-nine weeks ended February 26, 2017 include $5.1 million and $23.8 million, respectively, of pre-tax expenses related to the Separation. The thirteen and thirty-nine weeks ended February 28, 2016, both include $0.7 million of pre-tax Separation-related expenses. In all periods, the expenses related primarily to professional fees.