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Combined and Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
May 26, 2019
May 27, 2018
May 28, 2017
Condensed Combined and Consolidated Statements of Earnings      
Net sales $ 3,756.5 $ 3,423.7 $ 3,168.0
Net sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of sales $ 2,753.0 $ 2,544.2 $ 2,389.2
Cost of sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 1,003.5 $ 879.5 $ 778.8
Selling, general and administrative expenses 335.1 299.4 260.5
Income from operations 668.4 580.1 518.3
Interest expense, net 107.1 108.8 61.2
Income before income taxes and equity method earnings 561.3 471.3 457.1
Income tax expense 133.6 121.2 170.2
Equity method investment earnings 59.5 83.6 53.3
Net income 487.2 433.7 340.2
Less: Income attributable to noncontrolling interests 8.6 16.9 13.3
Net income attributable to Lamb Weston Holdings, Inc. $ 478.6 $ 416.8 $ 326.9
Earnings per share      
Basic (in dollars per share) $ 3.19 $ 2.83 $ 2.22
Diluted (in dollars per share) $ 3.18 $ 2.82 $ 2.22