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Combined and Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 24, 2019
Nov. 25, 2018
Nov. 24, 2019
Nov. 25, 2018
Condensed Combined and Consolidated Statements of Earnings        
Net sales $ 1,019.2 $ 911.4 $ 2,008.2 $ 1,826.3
Net sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of sales $ 734.1 $ 662.4 $ 1,474.5 $ 1,346.7
Cost of sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 285.1 $ 249.0 $ 533.7 $ 479.6
Selling, general and administrative expenses 91.6 75.0 170.2 153.0
Income from operations 193.5 174.0 363.5 326.6
Interest expense, net 25.4 26.2 53.6 53.0
Income before income taxes and equity method earnings 168.1 147.8 309.9 273.6
Income tax expense 42.7 34.0 79.4 68.3
Equity method investment earnings 15.0 10.2 25.6 30.1
Net income 140.4 124.0 256.1 235.4
Less: Income attributable to noncontrolling interests   5.0   8.6
Net income attributable to Lamb Weston Holdings, Inc. $ 140.4 $ 119.0 $ 256.1 $ 226.8
Earnings per share        
Basic (in dollars per share) $ 0.96 $ 0.74 $ 1.75 $ 1.47
Diluted (in dollars per share) $ 0.95 $ 0.74 $ 1.74 $ 1.47