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Combined and Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
May 27, 2018
May 28, 2017
May 29, 2016
Condensed Combined and Consolidated Statements of Earnings      
Net sales $ 3,423.7 $ 3,168.0 $ 2,993.8
Cost of sales 2,544.2 2,389.2 2,332.0
Gross profit 879.5 778.8 661.8
Selling, general and administrative expenses 299.4 260.5 288.5
Income from operations 580.1 518.3 373.3
Interest expense, net 108.8 61.2 5.9
Income before income taxes and equity method earnings 471.3 457.1 367.4
Income tax expense 121.2 170.2 144.5
Equity method investment earnings 83.6 53.3 71.7
Net income 433.7 340.2 294.6
Less: Income attributable to noncontrolling interests 16.9 13.3 9.3
Net income attributable to Lamb Weston Holdings, Inc. $ 416.8 $ 326.9 $ 285.3
Earnings per share      
Basic (in dollars per share) $ 2.83 $ 2.22 $ 1.92
Diluted (in dollars per share) 2.82 2.22 1.92
Dividends declared per common share (in dollars per share) $ 0.75750 $ 0.37500 $ 0