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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Feb. 28, 2021
Derivative [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 OutstandingWeighted-Average
 Per Share Forward Rates
Notional ValuesDerivative Assets (1)Derivative Liabilities (1)
February 28, 2021February 28,
2021
May 31,
2020
February 28,
2021
May 31,
2020
Equity forwards:
Designated0.3$105.22$27.3 $2.2 $1.8 $— $— 
Not designated0.4$98.02$42.4 3.6 4.4 — — 
Total equity forwards$5.8 $6.2 $— $— 
Commodity contracts:
DesignatedN/AN/A$4.7 $0.5 $0.3 $— $1.8 
Not designatedN/AN/A$0.2 — — — 0.3 
Total commodity contracts$0.5 $0.3 $— $2.1 
Total derivative contracts$6.3 $6.5 $— $2.1 
 
(1)Derivative assets and liabilities are included in receivables, net and other current liabilities, as applicable, on our consolidated balance sheets.
Notional Values 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 OutstandingWeighted-Average
 Per Share Forward Rates
Notional ValuesDerivative Assets (1)Derivative Liabilities (1)
February 28, 2021February 28,
2021
May 31,
2020
February 28,
2021
May 31,
2020
Equity forwards:
Designated0.3$105.22$27.3 $2.2 $1.8 $— $— 
Not designated0.4$98.02$42.4 3.6 4.4 — — 
Total equity forwards$5.8 $6.2 $— $— 
Commodity contracts:
DesignatedN/AN/A$4.7 $0.5 $0.3 $— $1.8 
Not designatedN/AN/A$0.2 — — — 0.3 
Total commodity contracts$0.5 $0.3 $— $2.1 
Total derivative contracts$6.3 $6.5 $— $2.1 
 
(1)Derivative assets and liabilities are included in receivables, net and other current liabilities, as applicable, on our consolidated balance sheets.
Cash Flow Hedging  
Derivative [Line Items]  
Effects of Derivative Instruments in Hedging Relationships The effects of derivative instruments accounted for as cash flow hedging instruments in the consolidated statements of earnings are as follows:
Amount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI to Earnings
Three Months EndedThree Months Ended
(in millions)February 28,
2021
February 23,
2020
February 28,
2021
February 23,
2020
Equity (1)$8.0 $0.8 $1.3 $— 
Commodity (2)0.3 (0.8)(0.2)(0.5)
Interest rate (3)— — — — 
Total$8.3 $— $1.1 $(0.5)
Amount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI to Earnings
Nine Months EndedNine Months Ended
(in millions)February 28,
2021
February 23,
2020
February 28,
2021
February 23,
2020
Equity (1)$16.7 $(3.5)$1.6 $1.0 
Commodity (2)0.7 (1.8)(1.1)(1.1)
Interest rate (3)— — (0.1)(0.1)
Total$17.4 $(5.3)$0.4 $(0.2)
(1)Location of the gain (loss) reclassified from AOCI to earnings is general and administrative expenses.
(2)Location of the gain (loss) reclassified from AOCI to earnings is food and beverage costs and restaurant expenses.
(3)Location of the gain (loss) reclassified from AOCI to earnings is interest, net.
Not Designated as Hedging Instruments  
Derivative [Line Items]  
Effects of Derivative Instruments in Hedging Relationships
The effects of derivatives not designated as hedging instruments in the consolidated statements of earnings are as follows:
Amount of Gain (Loss) Recognized in Earnings
(in millions)Three Months EndedNine Months Ended
Location of Gain (Loss) Recognized in Earnings on DerivativesFebruary 28, 2021February 23, 2020February 28, 2021February 23, 2020
Food and beverage costs and restaurant expenses$— $— $0.1 $0.3 
General and administrative expenses13.6 2.4 28.7 1.8 
Total$13.6 $2.4 $28.8 $2.1