Stockholders' Equity (Tables)

9 Months Ended

Feb. 27, 2022

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 nine months ended February 27, 2022 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 November 28, 2021	$	4.7	$	4.4	$	(8.5)	$	0.6
Gain (loss)	0.1		1.5		—		1.6
Reclassification realized in net earnings	—		(0.4)		0.2		(0.2)
Balance at February 27, 2022	$	4.8	$	5.5	$	(8.3)	$	2.0
Balance at May 30, 2021	$	5.2	$	7.9	$	(8.9)	$	4.2
Gain (loss)	(0.4)		(1.1)		—		(1.5)
Reclassification realized in net earnings	—		(1.3)		0.6		(0.7)
Balance at February 27, 2022	$	4.8	$	5.5	$	(8.3)	$	2.0

The components of accumulated other comprehensive income (loss), net of tax, for the quarter and nine months ended February 28, 2021 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 November 29, 2020	$	4.7	$	0.9	$	(12.7)	$	(7.1)
Gain (loss)	0.2		8.2		—		8.4
Reclassification realized in net earnings	—		(1.1)		0.5		(0.6)
Balance at February 28, 2021	$	4.9	$	8.0	$	(12.2)	$	0.7
Balance at May 31, 2020	$	4.5	$	(8.6)	$	(13.5)	$	(17.6)
Gain (loss)	0.4		17.2		—		17.6
Reclassification realized in net earnings	—		(0.6)		1.3		0.7
Balance at February 28, 2021	$	4.9	$	8.0	$	(12.2)	$	0.7

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				Nine Months Ended
(in millions) AOCI Components	Location of Gain (Loss) Recognized in Earnings	February 27, 2022		February 28, 2021		February 27, 2022		February 28, 2021
Derivatives
Commodity contracts	(1)	$	0.7	$	(0.2)	$	0.8	$	(1.1)
Equity contracts	(2)	(0.1)		1.3		0.8		1.6
Interest rate contracts	(3)	—		—		(0.1)		(0.1)
Total before tax		$	0.6	$	1.1	$	1.5	$	0.4
Tax (expense) benefit		(0.2)		—		(0.2)		0.2
Net of tax		$	0.4	$	1.1	$	1.3	$	0.6
Benefit plan funding position
Recognized net actuarial loss - pension/postretirement plans	(4)	$	(0.1)	$	—	$	(0.4)	$	(0.1)
Recognized net actuarial gain (loss) - other plans	(4)	(0.1)		(0.6)		(0.4)		(1.6)
Total before tax		$	(0.2)	$	(0.6)	$	(0.8)	$	(1.7)
Tax (expense) benefit		—		0.1		0.2		0.4
Net of tax		$	(0.2)	$	(0.5)	$	(0.6)	$	(1.3)

(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 statement of earnings.

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