Leases

12 Months Ended

May 26, 2019

Leases [Abstract]

Leases

LEASES

An analysis of rent expense incurred related to continuing operations is as follows:

	Fiscal Year Ended
(in millions)	May 26, 2019		May 27, 2018		May 28, 2017
Restaurant minimum rent	$	338.3	$	321.8	$	286.8
Restaurant rent averaging expense	27.6		30.2		26.0
Restaurant percentage rent	7.3		7.2		7.9
Other	20.3		20.6		20.2
Total rent expense	$	393.5	$	379.8	$	340.9

Rent expense included in discontinued operations reflected $0.2 million, $0.1 million and $0.1 million of restaurant minimum rent for fiscal 2019, 2018 and 2017, respectively.

The annual future lease commitments under capital lease and financing lease obligations and noncancelable operating leases, including those related to restaurants reported as discontinued operations, for each of the five fiscal years subsequent to May 26, 2019 and thereafter is as follows:

(in millions)
Fiscal Year	Capital			Financing			Operating
2020	$	8.9		$	12.2		$	372.9
2021	8.9			12.4			355.0
2022	8.8			12.6			326.7
2023	8.9			12.8			299.8
2024	8.7			13.0			262.7
Thereafter	81.4			128.0			1,434.0
Total future lease commitments	$	125.6		$	191.0		$	3,051.1
Less imputed interest (at 6.5%), (various)	(41.6		)	(99.7		)
Present value of future lease commitments	$	84.0		$	91.3
Less current maturities	(4.1		)	(2.7		)
Obligations under capital and financing leases, net of current maturities	$	79.9		$	88.6