SEGMENT INFORMATION (Tables)

12 Months Ended

May 29, 2022

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
At May 29, 2022 and for the year ended
Sales	$	4,503.9	$	2,374.3	$	776.2	$	1,975.6	$	—	$	9,630.0
Restaurant and marketing expenses	3,510.2		1,955.9		611.2		1,675.4		(24.5)		7,728.2
Segment profit	$	993.7	$	418.4	$	165.0	$	300.2	$	24.5	$	1,901.8

Depreciation and amortization	$	141.0	$	64.7	$	33.7	$	98.1	$	30.9	$	368.4
Impairments and disposal of assets, net	4.9		0.1		—		1.6		(8.6)		(2.0)

Segment assets	2,718.0		1,911.0		1,300.0		2,922.9		1,283.9		10,135.8
Purchases of land, buildings and equipment	154.5		91.0		42.2		86.8		2.4		376.9


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
At May 30, 2021 and for the year ended
Sales	$	3,593.4	$	1,810.4	$	443.2	$	1,349.1	$	—	$	7,196.1
Restaurant and marketing expenses	2,760.5		1,486.9		363.0		1,156.1		27.2		5,793.7
Segment profit	$	832.9	$	323.5	$	80.2	$	193.0	$	(27.2)	$	1,402.4

Depreciation and amortization	$	142.1	$	65.9	$	30.9	$	97.6	$	14.4	$	350.9
Impairments and disposal of assets, net	0.1		0.3		—		3.9		2.3		6.6

Segment assets	2,663.5		1,816.1		1,271.9		2,835.8		2,068.8		10,656.1
Purchases of land, buildings and equipment	106.5		43.4		39.6		62.1		3.3		254.9


(in millions)	Olive Garden		LongHorn Steakhouse		Fine Dining		Other Business		Corporate		Consolidated
At May 31, 2020 and for the year ended
Sales	$	4,013.8	$	1,701.1	$	536.9	$	1,555.1	$	—	$	7,806.9
Restaurant and marketing expenses	3,281.0		1,439.2		448.7		1,417.7		49.9		6,636.5
Segment profit	$	732.8	$	261.9	$	88.2	$	137.4	$	(49.9)	$	1,170.4

Depreciation and amortization	$	144.2	$	68.4	$	33.1	$	101.3	$	8.9	$	355.9
Impairments and disposal of assets, net	3.4		1.8		11.5		171.3		33.0		221.0
Goodwill impairment	—		—		—		169.2		—		169.2
Purchases of land, buildings and equipment	199.3		74.1		62.1		117.0		7.4		459.9

Reconciliation of segment profit to earnings from continuing operations before income taxes:


	Fiscal Year Ended
(in millions)	May 29, 2022		May 30, 2021		May 31, 2020
Segment profit	$	1,901.8	$	1,402.4	$	1,170.4
Less general and administrative expenses	(373.2)		(396.2)		(376.4)
Less depreciation and amortization	(368.4)		(350.9)		(355.9)
Less impairments and disposal of assets, net	2.0		(6.6)		(221.0)
Less goodwill impairment	—		—		(169.2)
Less interest, net	(68.7)		(63.5)		(57.3)
Less other (income) expense, net	—		(8.7)		(151.6)
Earnings (loss) before income taxes	$	1,093.5	$	576.5	$	(161.0)