Stockholders' Equity (Tables)

6 Months Ended

Nov. 29, 2020

Stockholders' Equity Note [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss), net of tax, for the quarter and six months ended November 29, 2020 are as follows:

(in millions)	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Derivatives		Benefit Plan Funding Position		Accumulated Other Comprehensive Income (Loss)
Balance at August 30, 2020	$	4.7	$	(4.1)	$	(13.1)	$	(12.5)
Gain (loss)	—		4.6		—		4.6
Reclassification realized in net earnings	—		0.4		0.4		0.8
Balance at November 29, 2020	$	4.7	$	0.9	$	(12.7)	$	(7.1)
Balance at May 31, 2020	$	4.5	$	(8.6)	$	(13.5)	$	(17.6)
Gain (loss)	0.2		9.0		—		9.2
Reclassification realized in net earnings	—		0.5		0.8		1.3
Balance at November 29, 2020	$	4.7	$	0.9	$	(12.7)	$	(7.1)

The components of accumulated other comprehensive income (loss), net of tax, for the quarter and six months ended November 24, 2019 are as follows:

(in millions)	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Derivatives		Benefit Plan Funding Position		Accumulated Other Comprehensive Income (Loss)
Balance at August 25, 2019	$	(1.0)	$	6.1	$	(106.1)	$	(101.0)
Gain (loss)	5.5		(3.0)		(12.7)		(10.2)
Reclassification realized in net earnings	—		0.3		110.4		110.7
Balance at November 24, 2019	$	4.5	$	3.4	$	(8.4)	$	(0.5)
Balance at May 26, 2019	$	(1.0)	$	9.0	$	(106.2)	$	(98.2)
Gain (loss)	5.5		(5.1)		(12.7)		(12.3)
Reclassification realized in net earnings	—		(0.5)		110.5		110.0
Balance at November 24, 2019	$	4.5	$	3.4	$	(8.4)	$	(0.5)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the amounts and line items in our consolidated statements of earnings where adjustments reclassified from AOCI into net earnings were recorded.

		Amount Reclassified from AOCI into Net Earnings
		Three Months Ended				Six Months Ended
(in millions) AOCI Components	Location of Gain (Loss) Recognized in Earnings	November 29, 2020		November 24, 2019		November 29, 2020		November 24, 2019
Derivatives
Commodity contracts	(1)	$	(0.4)	$	(0.2)	$	(0.9)	$	(0.6)
Equity contracts	(2)	(0.1)		—		0.3		1.0
Interest rate contracts	(3)	(0.1)		(0.1)		(0.1)		(0.1)
Total before tax		$	(0.6)	(0.3)		$	(0.7)	$	0.3
Tax (expense) benefit		0.2		—		0.2		0.2
Net of tax		$	(0.4)	$	(0.3)	$	(0.5)	$	0.5
Benefit plan funding position
Recognized net actuarial loss - pension/postretirement plans	(4)	$	(0.1)	$	(147.9)	$	(0.1)	$	(148.8)
Recognized net actuarial gain (loss) - other plans	(5)	(0.5)		0.8		(1.0)		1.6
Total before tax		$	(0.6)	$	(147.1)	$	(1.1)	$	(147.2)
Tax (expense) benefit		0.2		36.7		0.3		36.7
Net of tax		$	(0.4)	$	(110.4)	$	(0.8)	$	(110.5)

(1)Primarily included in food and beverage costs and restaurant expenses. See Note 9 for additional details.

(2)Included in general and administrative expenses. See Note 9 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 general and administrative expenses and other (income) expense, net.

(5)Included in the computation of net periodic benefit costs - other plans, which is a component of restaurant labor, general and administrative expenses and other (income) expense, net.