REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 29, 2021

Revenue from Contract with Customer [Abstract]

Changes in Deferred Franchise and Development Fees

The following table reflects the changes in deferred franchise and development fees between June 30, 2021 and December 29, 2021:

	Deferred Franchise and Development Fees
Balance as of June 30, 2021	$	11.4
Additions	0.7
Amount recognized for Chili's restaurant acquisitions(1)	(0.7)
Amount recognized to Franchise and other revenues	(0.8)
Balance as of December 29, 2021	$	10.6

(1)    The remaining deferred franchise and development fee balances associated with the 60 acquired Chili’s restaurants were recognized as of the acquisition dates in Other (gains) and charges in the Consolidated Statements of Comprehensive Income (Unaudited). Refer to Note 2 - Chili’s Restaurant Acquisitions for further details.

Remaining Deferred Franchise and Development Fees to be Recognized

The following table illustrates franchise and development fees expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of December 29, 2021:

Fiscal Year	Franchise and Development Fees Revenue Recognition
Remainder of 2022	$	0.5
2023	0.9
2024	0.9
2025	0.8
2026	0.8
Thereafter	6.7
	$	10.6

Changes in the Gift Card Liability

The following table reflects the changes in the Gift card liability between June 30, 2021 and December 29, 2021:

	Gift Card Liability
Balance as of June 30, 2021	$	106.4
Gift card sales	91.6
Gift card redemptions recognized to Company sales	(50.6)
Gift card breakage recognized to Franchise and other revenues	(12.2)
Balance as of December 29, 2021	$	135.2