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Discontinued Operations and Assets Held for Sale
12 Months Ended
May 27, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations and Assets Held for Sale
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
Discontinued Operations
On July 28, 2014, we completed the sale of Red Lobster and certain related assets and liabilities. Earnings (loss) 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:
 
Fiscal Year Ended
(in millions)
May 27, 2018
 
May 28, 2017
 
May 29, 2016
Sales
$

 
$

 
$

Costs and expenses:
 
 
 
 
 
Restaurant and marketing expenses
1.4

 
1.6

 
1.8

Other income and expenses
11.2

 
6.0

 
(20.5
)
Earnings (loss) before income taxes
(12.6
)
 
(7.6
)
 
18.7

Income tax expense (benefit)
(4.8
)
 
(4.2
)
 
3.4

Earnings (loss) from discontinued operations, net of tax
$
(7.8
)
 
$
(3.4
)
 
$
15.3



Assets Held For Sale
Assets classified as held for sale on our accompanying consolidated balance sheets as of May 27, 2018 and May 28, 2017, consisted of land, buildings and equipment with carrying amounts of $11.9 million and $13.2 million, respectively, primarily related to excess land parcels adjacent to our corporate headquarters.