Discontinued Operations and Assets Held for Sale

9 Months Ended

Feb. 25, 2018

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						Nine Months Ended
(in millions)	February 25, 2018			February 26, 2017			February 25, 2018			February 26, 2017
Costs and expenses:
Restaurant and marketing expenses	$	(0.1	)	$	0.3		$	(0.4	)	$	0.2
Other income and expenses	1.3			1.3			11.3			3.8
Losses before income taxes	(1.2		)	(1.6		)	(10.9		)	(4.0		)
Income tax benefit	(0.5		)	(0.9		)	(4.0		)	(2.2		)
Losses from discontinued operations, net of tax	$	(0.7	)	$	(0.7	)	$	(6.9	)	$	(1.8	)

Assets Held For Sale

Assets classified as held for sale on our accompanying consolidated balance sheets as of February 25, 2018 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.