XML 65 R39.htm IDEA: XBRL DOCUMENT v3.19.2
Stockholders' Equity (Tables)
 12 Months Ended
May 26, 2019
Stockholders' Equity Note [Abstract]  
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 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
)
Gain (loss)
0.6

 
—

 
11.0

 
(24.8
)
 
(13.2
)
Reclassification realized in net earnings
—

 
—

 
(5.4
)
 
5.6

 
0.2

Balances at May 26, 2019
$
(1.0
)
 
$
—

 
$
9.0

 
$
(106.2
)
 
$
(98.2
)

(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 other adjustments reclassified from AOCI into net earnings were recorded:
 
 
 
Fiscal Year Ended
(in millions)
AOCI Components
Location of Gain (Loss) Recognized in Earnings
 
May 26,
2019
 
May 27,
2018
Derivatives
 
 
 
 
 
Commodity contracts
(1)
 
$
0.7

 
$
0.3

Equity contracts
(2)
 
4.9

 
(0.2
)
Interest rate contracts
(3)
 
(0.1
)
 
(0.1
)
 
Total before tax
 
$
5.5

 
$
—

 
Tax benefit (expense)
 
(0.1
)
 
—

 
Net of tax
 
$
5.4

 
$
—

Benefit plan funding position
 
 
 
 
 
Pension/postretirement plans
 
 
 
 
 
Actuarial losses
(4)
 
$
(2.5
)
 
$
(2.8
)
Total - pension/postretirement plans
 
 
$
(2.5
)
 
$
(2.8
)
Recognized net actuarial gain - other plans
(5)
 
3.3

 
3.0

 
Total before tax
 
$
0.8

 
$
0.2

 
Tax benefit (expense)
 
(6.4
)
 
(0.1
)
 
Net of tax
 
$
(5.6
)
 
$
0.1

(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.