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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May 29, 2022
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The components of cash and cash equivalents are as follows:
(in millions)May 29, 2022May 30, 2021
Short-term investments$246.0 $890.9 
Credit card receivables133.1 123.2 
Depository accounts41.5 200.6 
Total cash and cash equivalents$420.6 $1,214.7 
Depreciation And Amortization Expense From Continuing Operations Depreciation and amortization expense from continuing operations associated with buildings and equipment and losses on replacement of equipment were as follows:
Fiscal Year Ended
(in millions)May 29, 2022May 30, 2021May 31, 2020
Depreciation and amortization on buildings and equipment$346.7 $323.5 $326.8 
Losses on replacement of equipment2.1 2.6 2.4 
Capitalized Software Costs And Related Accumulated Amortization The cost of capitalized software and related accumulated amortization was as follows:
(in millions)May 29, 2022May 30, 2021
Capitalized software$250.2 $227.1 
Accumulated amortization(190.7)(175.5)
Capitalized software, net of accumulated amortization$59.5 $51.6 
Costs And Accumulated Amortization Of Acquired Definite-Lived Intangible Assets The cost and related accumulated amortization was as follows:
(in millions)May 29, 2022May 30, 2021
Definite-lived intangible assets$23.8 $23.8 
Accumulated amortization(10.5)(8.5)
Definite-lived intangible assets, net of accumulated amortization$13.3 $15.3 
Definite-lived intangible liabilities$(3.0)$(3.0)
Accumulated amortization1.5 1.2 
Definite-lived intangible liabilities, net of accumulated amortization$(1.5)$(1.8)
Amortization Expense Associated With Capitalized Software And Other Definite Lived Intangibles
Amortization expense from continuing operations associated with capitalized software and other definite-lived intangibles included in depreciation and amortization in our accompanying consolidated statements of earnings was as follows:
Fiscal Year Ended
(in millions)May 29, 2022May 30, 2021May 31, 2020
Amortization expense - capitalized software$19.7 $25.4 $25.7 
Amortization expense - other definite-lived intangibles2.0 2.0 3.4 
Goodwill And Trademark Balances
Our goodwill and trademark balances are allocated as follows:
GoodwillTrademarks
(in millions)May 29, 2022May 30, 2021May 29, 2022May 30, 2021
Olive Garden $30.2 $30.2 $0.7 $0.7 
LongHorn Steakhouse49.3 49.3 307.8 307.8 
Cheddar’s Scratch Kitchen165.1 165.1 230.1 230.1 
Yard House369.2 369.2 109.3 109.3 
The Capital Grille401.6 401.6 147.4 147.4 
Seasons 52— — 0.5 0.5 
Eddie V’s22.0 22.0 10.5 10.5 
Total$1,037.4 $1,037.4 $806.3 $806.3 
Basic And Diluted Earnings Per Common Share
The following table presents the computation of basic and diluted net earnings per common share:
Fiscal Year Ended
(in millions, except per share data)May 29, 2022May 30, 2021May 31, 2020
Earnings (loss) from continuing operations$954.7 $632.4 $(49.2)
Losses from discontinued operations(1.9)(3.1)(3.2)
Net earnings (loss)$952.8 $629.3 $(52.4)
Weighted average common shares outstanding – Basic127.8 130.4 122.7 
Effect of dilutive stock-based compensation1.2 1.4 — 
Weighted average common shares outstanding – Diluted129.0 131.8 122.7 
Basic net earnings per share:
Earnings (loss) from continuing operations$7.47 $4.85 $(0.40)
Losses from discontinued operations(0.01)(0.02)(0.03)
Net earnings (loss)$7.46 $4.83 $(0.43)
Diluted net earnings per share:
Earnings (loss) from continuing operations$7.40 $4.80 $(0.40)
Losses from discontinued operations(0.01)(0.03)(0.03)
Net earnings (loss)$7.39 $4.77 $(0.43)
Restricted Stock And Options To Purchase Shares Of Common Stock Excluded From Calculation Of Diluted Earnings Per Share
Stock options, restricted stock units and equity-settled performance stock units excluded from the calculation of diluted net earnings per share because the effect would have been anti-dilutive, are as follows:
Fiscal Year Ended
(in millions)May 29, 2022May 30, 2021May 31, 2020
Anti-dilutive stock-based compensation awards0.1 0.7 2.0