Discontinued Operations and Assets Held for Sale

3 Months Ended

Aug. 27, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Assets Held for Sale

Discontinued Operations and Assets Held for Sale

Discontinued Operations

Losses from discontinued operations, net of taxes in our accompanying consolidated statements of earnings is primarily related to the Red Lobster disposition and is comprised of the following:

	Three Months Ended
(in millions)	August 27, 2017			August 28, 2016
Costs and expenses:
Restaurant and marketing expenses	$	(0.2	)	$	0.2
Other income and expenses	3.5			1.4
Losses before income taxes	(3.3		)	(1.6		)
Income tax benefit	(1.0		)	(0.7		)
Losses from discontinued operations, net of tax	$	(2.3	)	$	(0.9	)

Assets Held For Sale

Assets classified as held for sale on our accompanying consolidated balance sheets as of August 27, 2017 and May 28, 2017, primarily related to excess land parcels adjacent to our corporate headquarters with carrying amounts of $11.1 million and $13.2 million, respectively.