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Consolidated Statements Of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2020
May 26, 2019
May 27, 2018
Sales $ 7,806.9 $ 8,510.4 $ 8,080.1
Costs and expenses:      
Restaurant labor 2,682.6 2,771.1 2,614.5
Marketing expenses 238.0 255.3 252.3
General and administrative expenses 376.4 405.5 409.8
Depreciation and amortization 355.9 336.7 313.1
Impairments and disposal of assets, net 221.0 19.0 3.4
Goodwill impairment 169.2 0.0 0.0
Total operating costs and expenses 7,759.0 7,677.9 7,313.3
Operating income 47.9 832.5 766.8
Interest, net 57.3 50.2 161.1
Other (income) expense, net 151.6 0.0 0.0
Earnings (loss) before income taxes (161.0) 782.3 605.7
Income tax expense (benefit) (111.8) 63.7 1.9
Earnings (loss) from continuing operations (49.2) 718.6 603.8
Losses from discontinued operations, net of tax benefit of $0.9, $1.8 and $4.8, respectively (3.2) (5.2) (7.8)
Net earnings (loss) $ (52.4) $ 713.4 $ 596.0
Basic net earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) $ (0.40) $ 5.82 $ 4.87
Losses from discontinued operations (in dollars per share) (0.03) (0.04) (0.06)
Net earnings (loss) (in dollars per share) (0.43) 5.78 4.81
Diluted net earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) (0.40) 5.73 4.79
Losses from discontinued operations (in dollars per share) (0.03) (0.04) (0.06)
Net earnings (loss) (in dollars per share) $ (0.43) $ 5.69 $ 4.73
Average number of common shares outstanding:      
Basic (in shares) 122.7 123.5 124.0
Diluted (in shares) 122.7 125.4 126.0
Food and beverage      
Costs and expenses:      
Costs of goods and services sold $ 2,240.8 $ 2,412.5 $ 2,303.1
Restaurant expenses      
Costs and expenses:      
Costs of goods and services sold $ 1,475.1 $ 1,477.8 $ 1,417.1