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Retirement Plans
 9 Months Ended
Feb. 23, 2020
Retirement Benefits [Abstract]  
Retirement Plans Retirement Plans
Components of net periodic benefit cost are as follows:
 
 
Defined Benefit Plans
 
 
Three Months Ended
 
Nine Months Ended
(in millions)
 
February 23,
2020
 
February 24,
2019
 
February 23,
2020
 
February 24,
2019
Interest cost
 
$
—

 
$
2.4

 
$
3.2

 
$
7.0

Expected return on plan assets
 
—

 
(2.8
)
 
(4.0
)
 
(8.4
)
Pension settlement expense
 
—

 
—

 
147.1

 
—

Recognized net actuarial loss
 
0.1

 
0.6

 
1.8

 
1.9

Net periodic benefit cost
 
$
0.1

 
$
0.2

 
$
148.1

 
$
0.5

 
 
 
Postretirement Benefit Plan
 
 
Three Months Ended
 
Nine Months Ended
(in millions)
 
February 23,
2020
 
February 24,
2019
 
February 23,
2020
 
February 24,
2019
Interest cost
 
$
0.2

 
$
0.2

 
$
0.5

 
$
0.6

Amortization of unrecognized prior service credit
 
(1.2
)
 
(1.2
)
 
(3.5
)
 
(3.6
)
Recognized net actuarial loss
 
0.4

 
0.4

 
1.1

 
1.2

Net periodic benefit credit
 
$
(0.6
)
 
$
(0.6
)
 
$
(1.9
)
 
$
(1.8
)


In April 2018, our Benefit Plans Committee approved the termination of our primary non-contributory defined benefit pension plan (the Retirement Income Plan for Darden Restaurants, Inc.).  Plan participants who had not yet begun receiving their benefit payments were provided the opportunity to receive their full accrued benefits from plan assets by either (i) electing immediate lump sum distributions or annuities or (ii) deferring commencement of their benefits to a later date. Deferred benefits have been transferred to a third-party annuity provider. During the second quarter of fiscal 2020, we made a funding contribution of approximately $12.2 million to fully fund the benefit obligation. In November of fiscal 2020 the benefit obligation to plan participants was settled, resulting in a pre-tax pension settlement charge of $147.1 million.