STOCKHOLDERS’ EQUITY

Share Repurchase Program

All of the shares purchased during the fiscal year ended May 27, 2018 were purchased as part of our repurchase program authorized by our Board of Directors on September 29, 2016. On June 20, 2018, our Board of Directors authorized a new share repurchase program under which we may repurchase up to $500.0 million of our outstanding common stock. This repurchase program does not have an expiration and replaces the previously existing share repurchase authorization.

Share Retirements

As of May 27, 2018, of the 191.4 million cumulative shares repurchased under the current and previous authorizations, 178.8 million shares were retired and restored to authorized but unissued shares of common stock. We expect that all shares of common stock acquired in the future will also be retired and restored to authorized but unissued shares of common stock.

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss), net of tax, 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 29, 2016	$	(1.2	)	$	0.1		$	3.9		$	(89.8	)	$	(87.0	)
Gain (loss)	0.5			—			2.9			6.4			9.8
Reclassification realized in net earnings	—			—			1.4			12.9			14.3
Balances at May 28, 2017	$	(0.7	)	$	0.1		$	8.2		$	(70.5	)	$	(62.9	)
Gain (loss)	(0.9		)	—			(4.6		)	(1.0		)	(6.5		)
Reclassification realized in net earnings	—			(0.1		)	—			(0.1		)	(0.2		)
Reclassification of tax effect (1)	—			—			(0.2		)	(15.4		)	(15.6		)
Balances at May 27, 2018	$	(1.6	)	$	—		$	3.4		$	(87.0	)	$	(85.2	)


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

The following table presents the amounts and line items in our consolidated statements of earnings where other adjustments reclassified from AOCI into net earnings were recorded:



		Fiscal Year
(in millions) AOCI Components	Location of Gain (Loss) Recognized in Earnings	May 27, 2018			May 28, 2017
Derivatives
Commodity contracts	(1)	$	0.3		$	—
Equity contracts	(2)	(0.2		)	(1.4		)
Interest rate contracts	(3)	(0.1		)	—
	Total before tax	$	—		$	(1.4	)
	Tax benefit	—			—
	Net of tax	$	—		$	(1.4	)
Benefit plan funding position
Pension/postretirement plans
Actuarial losses	(4)	$	(2.8	)	$	(3.3	)
Settlement loss	(4)	—			(19.9		)
Total - pension/postretirement plans		$	(2.8	)	$	(23.2	)
Recognized net actuarial gain - other plans	(5)	3.0			2.3
	Total before tax	$	0.2		$	(20.9	)
	Tax benefit (expense)	(0.1		)	8.0
	Net of tax	$	0.1		$	(12.9	)


(1)	Primarily included in food and beverage costs and restaurant expenses. See Note 8 for additional details.


(2)	Primarily included in restaurant labor costs and general and administrative expenses. See Note 8 for additional details.


(3)	Included in interest, net, on our consolidated statements 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 14 for additional details.


(5)	Included in the computation of net periodic benefit costs - other plans, which is a component of general and administrative expenses.