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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
May 28, 2023
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The components of cash and cash equivalents are as follows:
(in millions)May 28, 2023May 29, 2022
Short-term investments$185.6 $246.0 
Credit card receivables142.3 133.1 
Depository accounts39.9 41.5 
Total cash and cash equivalents$367.8 $420.6 
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 28, 2023May 29, 2022May 30, 2021
Depreciation and amortization on buildings and equipment$367.4 $346.7 $323.5 
Losses on replacement of equipment2.2 2.1 2.6 
Capitalized Software Costs And Related Accumulated Amortization The cost of capitalized software and related accumulated amortization was as follows:
(in millions)May 28, 2023May 29, 2022
Capitalized software$263.8 $250.2 
Accumulated amortization(196.8)(190.7)
Capitalized software, net of accumulated amortization$67.0 $59.5 
Costs And Accumulated Amortization Of Acquired Definite-Lived Intangible Assets The cost and related accumulated amortization was as follows:
(in millions)May 28, 2023May 29, 2022
Definite-lived intangible assets$23.8 $23.8 
Accumulated amortization(12.5)(10.5)
Definite-lived intangible assets, net of accumulated amortization$11.3 $13.3 
Definite-lived intangible liabilities$(3.0)$(3.0)
Accumulated amortization1.8 1.5 
Definite-lived intangible liabilities, net of accumulated amortization$(1.2)$(1.5)
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 28, 2023May 29, 2022May 30, 2021
Amortization expense - capitalized software$18.6 $19.7 $25.4 
Amortization expense - other definite-lived intangibles1.8 2.0 2.0 
Goodwill And Trademark Balances
Our goodwill and trademark balances are allocated as follows:
GoodwillTrademarks
(in millions)May 28, 2023May 29, 2022May 28, 2023May 29, 2022
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 28, 2023May 29, 2022May 30, 2021
Earnings from continuing operations$983.5 $954.7 $632.4 
Losses from discontinued operations(1.6)(1.9)(3.1)
Net earnings$981.9 $952.8 $629.3 
Weighted average common shares outstanding – Basic121.9 127.8 130.4 
Effect of dilutive stock-based compensation1.0 1.2 1.4 
Weighted average common shares outstanding – Diluted122.9 129.0 131.8 
Basic net earnings per share:
Earnings from continuing operations$8.07 $7.47 $4.85 
Losses from discontinued operations(0.01)(0.01)(0.02)
Net earnings$8.06 $7.46 $4.83 
Diluted net earnings per share:
Earnings from continuing operations$8.00 $7.40 $4.80 
Losses from discontinued operations(0.01)(0.01)(0.03)
Net earnings$7.99 $7.39 $4.77 
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 28, 2023May 29, 2022May 30, 2021
Anti-dilutive stock-based compensation awards0.3 0.1 0.7