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Derivative Instruments And Hedging Activities (Tables)
 12 Months Ended
May 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]  
Fair Value Of Derivative Contracts Designated And Not Designated As Hedging Instruments
The notional and fair values of our derivative contracts are as follows:
 
 
 
 
 
 
 
Fair Values
(in millions, except
per share data)
Number of Shares Outstanding
 
Weighted-Average
 Per Share Forward Rates
 
Notional Values
 
Derivative Assets (1)
 
Derivative Liabilities (1)
 
May 31, 2020
 
May 31, 2020
 
May 26, 2019
 
May 31, 2020
 
May 26, 2019
Equity Forwards
 
 
 
 
 
 
 
 
 
 
 
 
 
Designated
0.2

 
$
105.03

 
$
25.4

 
$
1.8

 
$
—

 
$
—

 
$
0.3

Not designated
0.6

 
$
84.33

 
$
51.8

 
4.4

 
—

 
—

 
0.5

Total equity forwards
 
 
 
 
 
 
$
6.2

 
$
—

 
$
—

 
$
0.8

Commodity contracts
 
 
 
 
 
 
 
 
 
 
 
 
 
     Designated
N/A

 
N/A

 
$
16.1

 
$
0.3

 
$
0.1

 
$
1.8

 
$
0.1

     Not designated
N/A

 
N/A

 
$
2.6

 
—

 
—

 
0.3

 
—

Total commodity contracts
 
 
 
 
 
 
$
0.3

 
$
0.1

 
$
2.1

 
$
0.1

Total derivative contracts
 
 
 
 
 
 
$
6.5

 
$
0.1

 
$
2.1

 
$
0.9

(1)
Derivative assets and liabilities are included in receivables, net, and other current liabilities, as applicable, on our consolidated balance sheets.
Cash Flow Hedges  
Derivative Instruments, Gain (Loss) [Line Items]  
Effects Of Derivative Instruments
The effects of derivative instruments in cash flow hedging relationships in the consolidated statements of earnings are as follows:
 
 
Amount of Gain (Loss) Recognized in AOCI
 
Amount of Gain (Loss) Reclassified from AOCI to Earnings
 
 
Fiscal Year Ended
 
Fiscal Year Ended
(in millions)
 
May 31, 2020
 
May 26, 2019
 
May 27, 2018
 
May 31, 2020

May 26, 2019

May 27, 2018
Equity (1)(2)
 
$
(15.5
)
 
$
10.8

 
$
(5.3
)
 
$
1.0

 
$
4.9

 
$
(0.2
)
Commodity (3)
 
(3.7
)
 
0.2

 
0.9

 
(2.3
)
 
0.7

 
0.3

Interest rate (4)
 
—

 
—

 
—

 
(0.1
)
 
(0.1
)
 
(0.1
)
Total
 
$
(19.2
)
 
$
11.0

 
$
(4.4
)
 
$
(1.4
)
 
$
5.5

 
$
—

(1)
In fiscal 2020, location of the gain (loss) reclassified from AOCI to earnings is general and administrative expenses.
(2)
In fiscal 2019, location of the gain (loss) reclassified from AOCI to earnings is restaurant labor expenses and general and administrative expenses.
(3)
Location of the gain (loss) reclassified from AOCI to earnings is food and beverage costs and restaurant expenses.
(4)
Location of the gain (loss) reclassified from AOCI to earnings is interest, net.
Not Designated As Hedging Instrument  
Derivative Instruments, Gain (Loss) [Line Items]  
Effects Of Derivative Instruments
The effects of derivatives not designated as hedging instruments in the consolidated statements of earnings are as follows:
 
 
Amount of Gain (Loss)
Recognized in Earnings
(in millions)
 
Fiscal Year Ended
Location of Gain (Loss) Recognized in Earnings on Derivatives
 
May 31, 2020
 
May 26, 2019
 
May 27, 2018
Food and beverage costs and restaurant expenses
 
$
0.3

 
$
—

 
$
—

Restaurant labor expenses
 
$
—

 
$
11.2

 
$
1.5

General and administrative expenses
 
(12.3
)
 
14.6

 
2.1

Total
 
$
(12.0
)
 
$
25.8

 
$
3.6