XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations and Assets Held for Sale
6 Months Ended
Nov. 26, 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 run-off of retained rights and obligations from the Red Lobster disposition and is comprised of the following:
 
Three Months Ended
 
Six Months Ended
(in millions)
November 26, 2017
 
November 27, 2016
 
November 26, 2017
 
November 27, 2016
Costs and expenses:
 
 
 
 
 
 
 
Restaurant and marketing expenses
$

 
$
(0.2
)
 
$
(0.3
)
 
$

Other income and expenses
6.4

 
1.0

 
10.0

 
2.4

Losses before income taxes
(6.4
)
 
(0.8
)
 
(9.7
)
 
(2.4
)
Income tax benefit
(2.5
)
 
(0.6
)
 
(3.5
)
 
(1.3
)
Losses from discontinued operations, net of tax
$
(3.9
)
 
$
(0.2
)
 
$
(6.2
)
 
$
(1.1
)


Assets Held For Sale
Assets classified as held for sale on our accompanying consolidated balance sheets as of November 26, 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.