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SEGMENT INFORMATION
 12 Months Ended
May 28, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We manage our restaurant brands, Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V’s and The Capital Burger in North America as operating segments. The brands operate principally in the U.S. within full-service dining. We aggregate our operating segments into reportable segments based on a combination of the size, economic characteristics and sub-segment of full-service dining within which each brand operates. We have four reportable segments: (1) Olive Garden, (2) LongHorn Steakhouse, (3) Fine Dining and (4) Other Business.

The Olive Garden segment includes the results of our company-owned Olive Garden restaurants in the U.S. and Canada. The LongHorn Steakhouse segment includes the results of our company-owned LongHorn Steakhouse restaurants in the U.S. The Fine Dining segment aggregates our premium brands that operate within the fine-dining sub-segment of full-service dining and includes the results of our company-owned The Capital Grille and Eddie V’s restaurants in the U.S. The Other Business segment aggregates our remaining brands and includes the results of our company-owned Cheddar’s Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and The Capital Burger restaurants in the U.S and results from our franchise operations.

External sales are derived principally from food and beverage sales. We do not rely on any major customers as a source of sales, and the customers and long-lived assets of our reportable segments are predominantly in the U.S. There were no material transactions among reportable segments.

Our management uses segment profit as the measure for assessing performance of our segments. Segment profit includes revenues and expenses directly attributable to restaurant-level results of operations (sometimes referred to as restaurant-level earnings). These expenses include food and beverage costs, restaurant labor costs, restaurant expenses and marketing expenses (collectively, restaurant and marketing expenses). Non-cash lease-related expenses from our operating segments are allocated to the corporate level for restaurant expenses (which is a component of segment profit) and depreciation and amortization. Additionally, our lease-related right-of-use assets are not managed or evaluated at the operating segment level, but rather at the corporate level. For fiscal 2023, 2022, and 2021, restaurant and marketing expenses included approximately $0.2 million, $9.0 million, and $28.9 million, respectively, of costs net of retention credits associated with the CARES Act, related to special team member and manager bonuses as well as emergency and furlough pay for restaurant employees due to COVID-19, reflected at the corporate level as they are costs for which our operating segments are not being evaluated.
In the first quarter of fiscal 2022, we changed our internal management reporting to include The Capital Burger in the Other Business segment. Previously, The Capital Burger was included in the Fine Dining segment due to its adjacency with The Capital Grille brand and overall immateriality. Fiscal 2021 figures have been restated for comparability.

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

(in millions)Olive GardenLongHorn SteakhouseFine DiningOther BusinessCorporateConsolidated
At May 28, 2023 and for the year ended
Sales$4,877.8 $2,612.3 $830.8 $2,166.9 $— $10,487.8 
Restaurant and marketing expenses3,852.0 2,181.4 672.3 1,866.3 (49.3)8,522.7 
Segment profit$1,025.8 $430.9 $158.5 $300.6 $49.3 $1,965.1 
Depreciation and amortization$146.5 $67.7 $35.6 $96.8 $41.2 $387.8 
Impairments and disposal of assets, net— (3.3)— — (7.3)(10.6)
Segment assets2,835.5 1,978.3 1,345.4 2,968.9 1,113.4 10,241.5 
Purchases of land, buildings and equipment252.5 114.0 57.2 119.6 21.6 564.9 
(in millions)Olive GardenLongHorn SteakhouseFine DiningOther BusinessCorporateConsolidated
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 expenses3,510.2 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, net4.9 0.1 — 1.6 (8.6)(2.0)
Segment assets2,718.0 1,911.0 1,300.0 2,922.9 1,283.9 10,135.8 
Purchases of land, buildings and equipment154.5 91.0 42.2 86.8 2.4 376.9 
(in millions)Olive GardenLongHorn SteakhouseFine DiningOther BusinessCorporateConsolidated
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 expenses2,760.5 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, net0.1 0.3 — 3.9 2.3 6.6 
Purchases of land, buildings and equipment106.5 43.4 39.6 62.1 3.3 254.9 
Reconciliation of segment profit to earnings from continuing operations before income taxes:
Fiscal Year Ended
(in millions)May 28, 2023May 29, 2022May 30, 2021
Segment profit$1,965.1 $1,901.8 $1,402.4 
Less general and administrative expenses(386.1)(373.2)(396.2)
Less depreciation and amortization(387.8)(368.4)(350.9)
Less impairments and disposal of assets, net10.6 2.0 (6.6)
Less interest, net(81.3)(68.7)(63.5)
Less other (income) expense, net— — (8.7)
Earnings before income taxes$1,120.5 $1,093.5 $576.5