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Fair Value Measurements (Tables)
 6 Months Ended
Nov. 24, 2019
Fair Value Disclosures [Abstract]  
Fair Values of Financial Instruments Measured at Fair Value on Recurring Basis
The following tables summarize the fair values of financial instruments measured at fair value on a recurring basis as of November 24, 2019 and May 26, 2019. 
Items Measured at Fair Value at November 24, 2019
(in millions)
 
 
Fair value
of assets
(liabilities)
 
Quoted prices
in active
market for
identical assets
(liabilities)
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Derivatives:
 
 
 
 
 
 
 
 
 
Commodities futures, swaps & options
(1)
 
$
(0.4
)
 
$
—

 
$
(0.4
)
 
$
—

Equity forwards
(2)
 
$
1.8

 
$
—

 
$
1.8

 
$
—

Total
 
 
$
1.4

 
$
—

 
$
1.4

 
$
—

 
Items Measured at Fair Value at May 26, 2019
(in millions)
 
 
Fair value
of assets
(liabilities)
 
Quoted prices
in active
market for
identical assets
(liabilities)
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Derivatives:
 
 
 
 
 
 
 
 
 
Equity forwards
(2)
 
$
(0.8
)
 
$
—

 
$
(0.8
)
 
$
—

Total
 
 
$
(0.8
)
 
$
—

 
$
(0.8
)
 
$
—



(1)
The fair value of our commodities futures, swaps and options is based on closing market prices of the contracts, inclusive of the risk of nonperformance.
(2)
The fair value of equity forwards is based on the closing market value of Darden stock, inclusive of the risk of nonperformance.