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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Aug. 27, 2017
Derivative [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: 
 
 
 
 
 
 
 
Fair Values
(in millions, except
per share data)
Number of Shares Outstanding
 
Weighted-Average
 Per Share Forward Rates
 
Notional Values
 
Derivative Assets (1)
 
Derivative Liabilities (1)
 
August 27, 2017
 
August 27,
2017
 
May 28,
2017
 
August 27,
2017
 
May 28,
2017
Equity forwards

 
 
 
 
 
 
 
 
 
 
 
 
 
Designated
0.4
 
$
67.01

 
$
25.5

 
$
0.1

 
$
—

 
$
—

 
$
0.1

Not designated
0.4
 
$
55.83

 
$
25.5

 
0.1

 
—

 
—

 
0.3

Total equity forwards
$
0.2

 
$
—

 
$
—

 
$
0.4

Commodity contracts
N/A
 
N/A

 
$
11.5

 
$
0.2

 
$
—

 
$
0.2

 
$
—

Total derivative contracts
 
$
0.4

 
$
—

 
$
0.2

 
$
0.4

 
(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
Notional Values Of Derivative Contracts Designated And Not Designated As Hedging Instruments
The notional and fair values of our derivative contracts are as follows: 
 
 
 
 
 
 
 
Fair Values
(in millions, except
per share data)
Number of Shares Outstanding
 
Weighted-Average
 Per Share Forward Rates
 
Notional Values
 
Derivative Assets (1)
 
Derivative Liabilities (1)
 
August 27, 2017
 
August 27,
2017
 
May 28,
2017
 
August 27,
2017
 
May 28,
2017
Equity forwards

 
 
 
 
 
 
 
 
 
 
 
 
 
Designated
0.4
 
$
67.01

 
$
25.5

 
$
0.1

 
$
—

 
$
—

 
$
0.1

Not designated
0.4
 
$
55.83

 
$
25.5

 
0.1

 
—

 
—

 
0.3

Total equity forwards
$
0.2

 
$
—

 
$
—

 
$
0.4

Commodity contracts
N/A
 
N/A

 
$
11.5

 
$
0.2

 
$
—

 
$
0.2

 
$
—

Total derivative contracts
 
$
0.4

 
$
—

 
$
0.2

 
$
0.4

 
(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 Hedging  
Derivative [Line Items]  
Effects Of Derivative Instruments In Hedging Relationships
The effects of derivative instruments accounted for as cash flow hedging instruments in the consolidated statements of earnings are as follows:
 
 
Equity (1)
 
Commodity (2)
 
 
Three Months Ended
 
Three Months Ended
(in millions)
 
August 27,
2017
 
August 28,
2016
 
August 27,
2017
 
August 28,
2016
Gain (loss) recognized in AOCI (effective portion)
 
$
(2.8
)
 
$
(3.9
)
 
$
—

 
$
—

Gain (loss) reclassified from AOCI to earnings (effective portion)
 
(0.2
)
 
(1.4
)
 
—

 
—

Gain (loss) recognized in earnings (ineffective portion)
 
—

 
0.2

 
—

 
—



(1)
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.
(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 food and beverage costs and restaurant expenses.
Not Designated as Hedging Instruments  
Derivative [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:
 
 
Amount of Gain (Loss) Recognized in Earnings
(in millions)
Three Months Ended
Location of Gain (Loss) Recognized in Earnings on Derivatives
August 27, 2017
 
August 28, 2016
Restaurant labor expenses
 
$
(0.5
)
 
$
(1.1
)
General and administrative expenses
 
(0.6
)
 
(2.0
)
Total
 
$
(1.1
)
 
$
(3.1
)