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Condensed Combined and Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended
Aug. 27, 2017
Aug. 28, 2016
Condensed Combined and Consolidated Statements of Earnings    
Net sales $ 817.5 $ 776.3
Cost of sales 620.8 595.7
Gross profit 196.7 180.6
Selling, general and administrative expenses 59.1 55.6
Income from operations 137.6 125.0
Interest expense, net 25.2 1.5
Income before income taxes and equity method earnings 112.4 123.5
Income tax expense 44.1 51.0
Equity method investment earnings 20.0 10.6
Net income 88.3 83.1
Less: Income attributable to noncontrolling interests 4.9 3.5
Net income attributable to Lamb Weston Holdings, Inc. $ 83.4 $ 79.6
Earnings per share    
Basic (in dollars per share) $ 0.56 $ 0.54
Diluted (in dollars per share) 0.56 $ 0.54
Dividends declared per common share (in dollars per share) $ 0.1875