XML 71 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Feb. 23, 2020
Feb. 24, 2019
Feb. 23, 2020
Feb. 24, 2019
Consolidated Statements of Earnings        
Net sales $ 937.3 $ 926.8 $ 2,945.5 $ 2,753.1
Net sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of sales $ 686.9 $ 653.4 $ 2,161.4 $ 2,000.1
Cost of sales, type us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 250.4 $ 273.4 $ 784.1 $ 753.0
Selling, general and administrative expenses 87.9 79.6 258.1 232.6
Income from operations 162.5 193.8 526.0 520.4
Interest expense, net 25.2 27.0 78.8 80.0
Income before income taxes and equity method earnings 137.3 166.8 447.2 440.4
Income tax expense 35.7 39.6 115.1 107.9
Equity method investment earnings 9.8 14.2 35.4 44.3
Net income 111.4 141.4 367.5 376.8
Less: Income attributable to noncontrolling interests       8.6
Net income attributable to Lamb Weston Holdings, Inc. $ 111.4 $ 141.4 $ 367.5 $ 368.2
Earnings per share        
Basic (in dollars per share) $ 0.76 $ 0.96 $ 2.51 $ 2.44
Diluted (in dollars per share) $ 0.76 $ 0.95 $ 2.50 $ 2.42