Revenue Recognition (Tables)

3 Months Ended

Aug. 27, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract with Customer

Deferred revenue liabilities from contracts with customers included on our accompanying consolidated balance sheets was comprised of the following:

(in millions)	August 27, 2023		May 28, 2023
Unearned revenues
Deferred gift card revenue	$	563.4	$	537.0
Deferred gift card discounts	(22.4)		(25.5)
Other	0.7		0.5
Total	$	541.7	$	512.0
Other liabilities
Deferred franchise fees - non-current	$	4.9	$	2.7

The following table presents a rollforward of deferred gift card revenue.

	Three Months Ended
(in millions)	August 27, 2023		August 28, 2022
Beginning balance	$	537.0	$	521.1
Acquired deferred gift card revenue	61.8		—
Activations	130.1		114.4
Redemptions and breakage	(165.5)		(147.0)
Ending balance	$	563.4	$	488.5