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Combined and Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
May 28, 2017
May 29, 2016
May 31, 2015
Combined and Consolidated Statements of Earnings      
Net sales $ 3,168.0 $ 2,993.8 $ 2,925.0
Cost of sales 2,381.5 2,326.4 2,337.7
Gross profit 786.5 667.4 587.3
Selling, general and administrative expenses 268.2 294.1 205.9
Income from operations 518.3 373.3 381.4
Interest expense, net 61.2 5.9 6.1
Income before income taxes and equity method earnings 457.1 367.4 375.3
Income tax expense 170.2 144.5 140.4
Equity method investment earnings 53.3 71.7 42.7
Net income 340.2 294.6 277.6
Less: Income attributable to noncontrolling interests 13.3 9.3 9.3
Net income attributable to Lamb Weston Holdings, Inc. $ 326.9 $ 285.3 $ 268.3
Earnings per share      
Basic (in dollars per share) $ 2.22 $ 1.92 $ 1.83
Diluted (in dollars per share) 2.22 $ 1.92 $ 1.83
Dividends declared per common share (in dollars per share) $ 0.375