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Stockholders' Equity (Tables)
9 Months Ended
Feb. 25, 2018
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss), net of tax, for the quarters ended February 25, 2018 and February 26, 2017 are as follows:
(in millions)
 
Foreign Currency Translation Adjustment
 
Unrealized Gains (Losses) on Marketable Securities
 
Unrealized Gains (Losses) on Derivatives
 
Benefit Plan Funding Position
 
Accumulated Other Comprehensive Income (Loss)
Balance at November 26, 2017
 
$
(1.4
)
 
$

 
$
3.8

 
$
(70.6
)
 
$
(68.2
)
Gain (loss)
 
(0.4
)
 

 
3.7

 

 
3.3

Reclassification realized in net earnings
 

 

 
(0.1
)
 

 
(0.1
)
Reclassification of tax effect (1)
 

 

 
(0.2
)
 
(15.2
)
 
(15.4
)
Balance at February 25, 2018
 
$
(1.8
)
 
$

 
$
7.2

 
$
(85.8
)
 
$
(80.4
)
 
 
 
 
 
 
 
 
 
 
 
Balance at November 27, 2016
 
$
(0.6
)
 
$
0.1

 
$
6.7

 
$
(89.5
)
 
$
(83.3
)
Gain (loss)
 
(0.1
)
 

 
(0.7
)
 

 
(0.8
)
Reclassification realized in net earnings
 

 

 

 
0.1

 
0.1

Balance at February 26, 2017
 
$
(0.7
)
 
$
0.1

 
$
6.0

 
$
(89.4
)
 
$
(84.0
)

(1)
Stranded tax effects reclassified from accumulated other comprehensive income (loss) to retained earnings from the adoption of ASU 2018-02.

The components of accumulated other comprehensive income (loss), net of tax, for the nine months ended February 25, 2018 and February 26, 2017 are as follows:
(in millions)
 
Foreign Currency Translation Adjustment
 
Unrealized Gains (Losses) on Marketable Securities
 
Unrealized Gains (Losses) on Derivatives
 
Benefit Plan Funding Position
 
Accumulated Other Comprehensive Income (Loss)
Balances at May 28, 2017
 
$
(0.7
)
 
$
0.1

 
$
8.2

 
$
(70.5
)
 
$
(62.9
)
Gain (loss)
 
(1.1
)
 

 
(0.9
)
 

 
(2.0
)
Reclassification realized in net earnings
 

 
(0.1
)
 
0.1

 
(0.1
)
 
(0.1
)
Reclassification of tax effect (1)
 

 

 
(0.2
)
 
(15.2
)
 
(15.4
)
Balance at February 25, 2018
 
$
(1.8
)
 
$

 
$
7.2

 
$
(85.8
)
 
$
(80.4
)
 
 
 
 
 
 
 
 
 
 
 
Balance at May 29, 2016
 
$
(1.2
)
 
$
0.1

 
$
3.9

 
$
(89.8
)
 
$
(87.0
)
Gain (loss)
 
0.5

 

 
0.7

 

 
1.2

Reclassification realized in net earnings
 

 

 
1.4

 
0.4

 
1.8

Balance at February 26, 2017
 
$
(0.7
)
 
$
0.1

 
$
6.0

 
$
(89.4
)
 
$
(84.0
)

(1)
Stranded tax effects reclassified from accumulated other comprehensive income (loss) to retained earnings from the adoption of ASU 2018-02.

Reclassification out of Accumulated Other Comprehensive Income
The following table presents the amounts and line items in our consolidated statements of earnings where adjustments reclassified from AOCI into net earnings were recorded:
 
 
 
Amount Reclassified from AOCI into Net Earnings
 
 
 
Three Months Ended
 
Nine Months Ended
(in millions)
AOCI Components
Location of Gain (Loss) Recognized in Earnings
 
February 25,
2018
 
February 26,
2017
 
February 25,
2018
 
February 26,
2017
Derivatives
 
 
 
 
 
 
 
 
 
Commodity contracts
(1)
 
$
0.2

 
$

 
$
0.2

 
$

Equity contracts
(2)
 

 

 
(0.2
)
 
(1.4
)
Interest rate contracts
(3)
 
(0.1
)
 

 
(0.1
)
 

Total before tax
 
 
$
0.1

 
$

 
$
(0.1
)
 
$
(1.4
)
Tax benefit
 
 

 

 

 

Net of tax
 
 
$
0.1

 
$

 
$
(0.1
)
 
$
(1.4
)
 
 
 
 
 
 
 
 
 
 
Benefit plan funding position
 
 
 
 
 
 
 
 
 
Recognized net actuarial loss - pension/postretirement plans
(4)
 
$
(0.7
)
 
$
(0.8
)
 
$
(2.1
)
 
$
(2.4
)
Recognized net actuarial gain - other plans
(5)
 
0.8

 
0.6

 
2.3

 
1.7

Total before tax
 
 
$
0.1

 
$
(0.2
)
 
$
0.2

 
$
(0.7
)
Tax benefit (expense)
 
 
(0.1
)
 
0.1

 
(0.1
)
 
0.3

Net of tax
 
 
$

 
$
(0.1
)
 
$
0.1

 
$
(0.4
)


(1)
Primarily included in food and beverage costs and restaurant expenses. See Note 12 for additional details.
(2)
Primarily included in restaurant labor costs and general and administrative expenses. See Note 12 for additional details.
(3)
Included in interest, net, on our consolidated statement of earnings.
(4)
Included in the computation of net periodic benefit costs - pension and postretirement plans, which is a component of restaurant labor expenses and general and administrative expenses. See Note 10 for additional details.
(5)
Included in the computation of net periodic benefit costs - other plans, which is a component of general and administrative expenses.