Segment Information (Tables)

9 Months Ended

Feb. 27, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP.

(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the three months ended February 27, 2022
Sales	$	1,142.6	$	612.7	$	208.2	$	485.4	$	—	$	2,448.9
Restaurant and marketing expenses	902.6		501.2		160.5		418.2		(8.2)		1,974.3
Segment profit	$	240.0	$	111.5	$	47.7	$	67.2	$	8.2	$	474.6
Depreciation and amortization	$	34.9	$	16.0	$	8.5	$	24.8	$	10.1	$	94.3
Impairments and disposal of assets, net	(0.1)		0.1		—		—		(3.8)		(3.8)
(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the nine months ended February 27, 2022
Sales	$	3,310.2	$	1,727.0	$	565.7	$	1,424.2	$	—	$	7,027.1
Restaurant and marketing expenses	2,581.8		1,424.4		444.7		1,209.9		(17.3)		5,643.5
Segment profit	$	728.4	$	302.6	$	121.0	$	214.3	$	17.3	$	1,383.6
Depreciation and amortization	$	106.2	$	48.3	$	25.2	$	73.4	$	22.3	$	275.4
Impairments and disposal of assets, net	1.0		0.1		—		—		(6.6)		(5.5)
Purchases of land, buildings and equipment	116.1		65.9		31.4		60.6		1.6		275.6

(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the three months ended February 28, 2021
Sales	$	872.0	$	454.3	$	103.7	$	303.0	$	—	$	1,733.0
Restaurant and marketing expenses	669.7		372.2		87.1		271.4		14.4		1,414.8
Segment profit	$	202.3	$	82.1	$	16.6	$	31.6	$	(14.4)	$	318.2
Depreciation and amortization	$	35.7	$	16.3	$	7.6	$	24.8	$	3.8	$	88.2
Impairments and disposal of assets, net	—		—		—		3.3		(0.2)		3.1
(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
For the nine months ended February 28, 2021
Sales	$	2,489.7	$	1,238.4	$	293.6	$	895.2	$	—	$	4,916.9
Restaurant and marketing expenses	1,938.5		1,033.0		246.5		788.9		22.7		4,029.6
Segment profit	$	551.2	$	205.4	$	47.1	$	106.3	$	(22.7)	$	887.3
Depreciation and amortization	$	106.0	$	49.7	$	22.9	$	73.1	$	10.1	$	261.8
Impairments and disposal of assets, net	—		—		—		3.3		(1.9)		1.4
Purchases of land, buildings and equipment	69.8		27.3		31.6		46.5		2.1		177.3

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of segment profit to earnings from continuing operations before income taxes is below.

	Three Months Ended				Nine Months Ended
(in millions)	February 27, 2022		February 28, 2021		February 27, 2022		February 28, 2021
Segment profit	$	474.6	$	318.2	$	1,383.6	$	887.3
Less general and administrative expenses	(83.1)		(78.9)		(289.0)		(298.8)
Less depreciation and amortization	(94.3)		(88.2)		(275.4)		(261.8)
Less impairments and disposal of assets, net	3.8		(3.1)		5.5		(1.4)
Less interest, net	(17.5)		(15.2)		(49.8)		(46.4)
Less other (income) expense, net	(0.2)		(0.5)		(0.7)		(8.4)
Earnings before income taxes	$	283.3	$	132.3	$	774.2	$	270.5