Revenue Recognition

6 Months Ended

Nov. 28, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition  

Deferred revenue liabilities from contracts with customers included on our accompanying consolidated balance sheets is comprised of the following:

(in millions)	November 28, 2021		May 30, 2021
Unearned revenues
Deferred gift card revenue	$	476.9	$	494.3
Deferred gift card discounts	(20.2)		(20.5)
Other	0.8		0.4
Total	$	457.5	$	474.2
Other liabilities
Deferred franchise fees - non-current	$	2.6	$	2.2

The following table presents a rollforward of deferred gift card revenue.

	Three Months Ended				Six Months Ended
(in millions)	November 28, 2021		November 29, 2020		November 28, 2021		November 29, 2020
Beginning balance	$	465.0	$	475.6	$	494.3	$	494.6
Activations	127.7		94.7		234.3		170.4
Redemptions and breakage	(115.8)		(101.0)		(251.7)		(195.7)
Ending balance	$	476.9	$	469.3	$	476.9	$	469.3