Receivables, Net

12 Months Ended

May 26, 2013

Receivables [Abstract]

Receivables, Net

RECEIVABLES, NET

Receivables, net are primarily comprised of amounts owed to us from the sale of gift cards in national retail outlets, allowances due from landlords based on lease terms and receivables from national storage and distribution companies with which we contract to provide services that are billed to us on a per-case basis. In connection with these services, certain of our inventory items are conveyed to these storage and distribution companies to transfer ownership and risk of loss prior to delivery of the inventory to our restaurants. We reacquire these items when the inventory is subsequently delivered to our restaurants. These transactions do not impact the consolidated statements of earnings. Receivables from the sale of gift cards in national retail outlets, landlord allowances, national storage and distribution companies and our overall allowance for doubtful accounts are as follows:

(in millions)	May 26, 2013			May 27, 2012
Retail outlet gift card sales	$	37.5		$	33.4
Landlord allowances due	26.5			9.4
Storage and distribution	5.8			6.5
Allowance for doubtful accounts	(0.3		)	(0.3		)