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Combined and Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 25, 2018
Nov. 26, 2017
Nov. 25, 2018
Nov. 26, 2017
Condensed Combined and Consolidated Statements of Earnings        
Net sales $ 911.4 $ 824.6 $ 1,826.3 $ 1,642.1
Net sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of sales $ 662.4 $ 616.4 $ 1,346.7 $ 1,237.6
Cost of sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 249.0 $ 208.2 $ 479.6 $ 404.5
Selling, general and administrative expenses 75.0 68.4 153.0 127.1
Income from operations 174.0 139.8 326.6 277.4
Interest expense, net 26.2 27.4 53.0 52.6
Income before income taxes and equity method earnings 147.8 112.4 273.6 224.8
Income tax expense 34.0 41.5 68.3 85.6
Equity method investment earnings 10.2 12.1 30.1 32.1
Net income 124.0 83.0 235.4 171.3
Less: Income attributable to noncontrolling interests 5.0 6.4 8.6 11.3
Net income attributable to Lamb Weston Holdings, Inc. $ 119.0 $ 76.6 $ 226.8 $ 160.0
Earnings per share        
Basic (in dollars per share) $ 0.74 $ 0.52 $ 1.47 $ 1.08
Diluted (in dollars per share) 0.74 0.52 1.47 1.08
Dividends declared per common share (in dollars per share) $ 0.19125 $ 0.18750 $ 0.38250 $ 0.37500