SEGMENT INFORMATION (Tables)

12 Months Ended

May 28, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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 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 expenses	3,852.0		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 assets	2,835.5		1,978.3		1,345.4		2,968.9		1,113.4		10,241.5
Purchases of land, buildings and equipment	252.5		114.0		57.2		119.6		21.6		564.9

(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
Purchases of land, buildings and equipment	106.5		43.4		39.6		62.1		3.3		254.9

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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

	Fiscal Year Ended
(in millions)	May 28, 2023		May 29, 2022		May 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, net	10.6		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