Discontinued Operations (Tables)

12 Months Ended

May 25, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Earnings from discontinued operations, net of taxes in our accompanying consolidated statements of earnings are comprised of the following:



(in millions)	Fiscal Year
	May 25, 2014		May 26, 2013		May 27, 2012
Sales	$	2,472.1	$	2,630.9	$	2,671.6

Earnings before income taxes	135.3		247.3		281.2
Income tax expense	32.3		72.7		84.9
Earnings from discontinued operations, net of tax	$	103.0	$	174.6	$	196.3

The following table presents the carrying amounts of the major classes of assets and liabilities associated with the restaurants reported as discontinued operations and classified as held for sale on our accompanying consolidated balance sheet as of May 25, 2014:



(in millions)	May 25, 2014
Current assets	$	241.0
Land, buildings and equipment, net	1,084.8
Other assets	64.5
Total assets	$	1,390.3

Current liabilities	$	130.6
Other liabilities	84.9
Total liabilities	$	215.5

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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