Additional Financial Information

12 Months Ended

May 28, 2017

Additional Financial Information [Abstract]

Additional Financial Information Disclosure

ADDITIONAL FINANCIAL INFORMATION

The tables below provide additional financial information related to our consolidated financial statements:

Balance Sheets

(in millions)	May 28, 2017			May 29, 2016
Receivables, net
Retail outlet gift card sales	$	43.0		$	43.9
Landlord allowances due	14.2			3.7
Miscellaneous	19.0			16.9
Allowance for doubtful accounts	(0.3		)	(0.5		)
Total	$	75.9		$	64.0
Other Current Liabilities
Non-qualified deferred compensation plan	$	210.3		$	194.0
Sales and other taxes	66.9			58.7
Insurance-related	41.7			36.3
Employee benefits	41.8			35.8
Accrued interest	7.3			5.1
Miscellaneous	77.9			70.7
Total	$	445.9		$	400.6

Statements of Earnings

	Fiscal Year
(in millions)	2017			2016			2015
Interest, net
Interest expense (1)	$	34.4		$	165.4		$	186.2
Imputed interest on capital and financing leases	8.8			8.9			8.0
Capitalized interest	(1.7		)	(0.7		)	(1.3		)
Interest income	(1.3		)	(1.1		)	(0.6		)
Total	$	40.2		$	172.5		$	192.3

(1) Interest expense in fiscal 2016 and 2015 includes approximately $106.8 million and $91.3 million, respectively, of expenses associated with the retirement of long-term debt.

Statements of Cash Flows

	Fiscal Year
(in millions)	2017		2016		2015
Cash paid during the fiscal year for:
Interest, net of amounts capitalized (1)	$	37.0	$	140.8	$	142.8
Income taxes, net of refunds (2)	$	106.2	$	128.0	$	290.7
Non-cash investing and financing activities:
Increase in land, buildings and equipment through accrued purchases	$	22.8	$	14.9	$	11.1
Net book value of assets distributed in Four Corners separation, net of deferred tax liabilities	$	—	$	750.4	$	—

(1) Interest paid in fiscal 2016 and 2015 includes approximately $68.7 million and $44.0 million, respectively, of payments associated with the retirement of long-term debt.

(2) Income taxes paid in fiscal 2015 were higher primarily as a result of the gain recognized on the sale of Red Lobster.