Impairments and Disposal of Assets, Net

9 Months Ended

Feb. 26, 2023

Asset Impairment Charges [Abstract]

Impairments and Disposal of Assets, Net

Impairments and Disposal of Assets, Net

Impairments and disposal of assets, net, in our accompanying consolidated statements of earnings were comprised of the following:

	Three Months Ended				Nine Months Ended
(in millions)	February 26, 2023		February 27, 2022		February 26, 2023		February 27, 2022
Restaurant impairments	$	1.5	$	—	$	1.5	$	—
Disposal (gains) losses	(2.3)		(3.8)		(16.0)		(5.5)
Other	2.1		—		2.1		—
Impairments and disposal of assets, net	$	1.3	$	(3.8)	$	(12.4)	$	(5.5)

Restaurant impairments for the quarter and nine months ended February 26, 2023 were related to (i) one underperforming restaurant with projected cash flows insufficient to cover its respective carrying values and (ii) three restaurant closures. Disposal gains for the quarter and nine months ended February 26, 2023 and February 27, 2022 were primarily related to the sale of properties. Other impacts for the quarter and nine months ended February 26, 2023 related to cancelled projects.