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Derivative Instruments And Hedging Activities (Tables)
 12 Months Ended
May 29, 2016
Derivative Instruments, Gain (Loss) [Line Items]  
Fair Value Of Derivative Contracts Designated And Not Designated As Hedging Instruments
The notional and fair values of our derivative contracts are as follows:
(in millions)
Notional Values
 
Balance
Sheet
Location
 
Fair Values
 
 
 
 
 
Derivative Assets
 
Derivative Liabilities
 
May 29, 2016
 
May 31, 2015
 
 
 
May 29, 2016
 
May 31, 2015
 
May 29, 2016
 
May 31, 2015
Derivative contracts designated as hedging instruments
 
 
 
 
 
 
 
 
Equity forwards
$
14.9

 
$
11.4

 
(1
)
 
$
1.2

 
$
0.4

 
$
—

 
$
—

Interest rate related
—

 
200.0

 
(1
)
 
—

 
3.6

 
—

 
—

 
 
 
 
 
 
 
$
1.2

 
$
4.0

 
$
—

 
$
—

Derivative contracts not designated as hedging instruments
 
 
 
 
 
 
 
 
Equity forwards
$
28.2

 
$
51.7

 
(1
)
 
$
2.6

 
$
1.3

 
$
—

 
$
—

 
 
 
 
 
 
 
$
2.6

 
$
1.3

 
$
—

 
$
—

Total derivative contracts
 
 
 
 
 
 
$
3.8

 
$
5.3

 
$
—

 
$
—

(1)
Derivative assets and liabilities are included in receivables, net, prepaid expenses and other current assets, and other current liabilities, as applicable, on our consolidated balance sheets.
Cash Flow Hedges  
Derivative Instruments, Gain (Loss) [Line Items]  
Effects Of Derivative Instruments In Hedging Relationships
The effects of derivative instruments in cash flow hedging relationships in the consolidated statements of earnings are as follows:
(in millions)
Amount of Gain
(Loss) Recognized in
AOCI (Effective
Portion)
 
Location of
Gain (Loss)
Reclassified
from AOCI  to Earnings
 
Amount of Gain
(Loss) Reclassified
from AOCI to
Earnings (Effective
Portion)
 
Location of
Gain (Loss)
Recognized in
Earnings
(Ineffective
Portion)
 
(1)
Amount of Gain
(Loss) Recognized in
Earnings (Ineffective
Portion)
  
Fiscal Year
 
 
 
Fiscal Year
 
 
 
Fiscal Year
  
2016

2015

2014
 
 
 
2016

2015

2014
 
 
 
2016
 
2015
 
2014
Equity
$
2.0

 
$
2.1

 
$
(3.5
)
 
(2)
 
$
2.1

 
$
(1.0
)
 
$
(0.8
)
 
(2)
 
$
0.9

 
$
1.1

 
$
1.4

Interest rate
—

 
—

 
—

 
Interest, net
 
(37.4
)
 
(45.7
)
 
(10.3
)
 
Interest, net
 
—

 
—

 
—

 
$
2.0

 
$
2.1

 
$
(3.5
)
 
 
 
$
(35.3
)
 
$
(46.7
)
 
$
(11.1
)
 
 
 
$
0.9

 
$
1.1

 
$
1.4

(1)
Generally, all of our derivative instruments designated as cash flow hedges have some level of ineffectiveness, which is recognized currently in earnings. However, as these amounts are generally nominal and our consolidated financial statements are presented “in millions,” these amounts may appear as zero in this tabular presentation.
(2)
Location of the gain (loss) reclassified from AOCI to earnings as well as the gain (loss) recognized in earnings for the ineffective portion of the hedge is restaurant labor expenses and general and administrative expenses.
Not Designated As Hedging Instrument  
Derivative Instruments, Gain (Loss) [Line Items]  
Effects Of Derivative Instruments In Hedging Relationships
The effects of derivatives not designated as hedging instruments in the consolidated statements of earnings are as follows:
(in millions)
Location of Gain (Loss) 
Recognized in Earnings
 
Amount of Gain (Loss)
Recognized in Earnings
 
 
 
Fiscal Year
 
 
 
2016
 
2015
 
2014
Equity forwards
Restaurant labor expenses
 
$
3.9

 
$
4.0

 
$
(0.5
)
Equity forwards
General and administrative expenses
 
7.5

 
9.2

 
(1.3
)
 
 
 
$
11.4

 
$
13.2

 
$
(1.8
)