Revenue Recognition (Tables)

6 Months Ended

Nov. 26, 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)	November 26, 2023		May 28, 2023
Unearned revenues
Deferred gift card revenue	$	580.7	$	537.0
Deferred gift card discounts	(34.1)		(25.5)
Other	0.7		0.5
Total	$	547.3	$	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				Six Months Ended
(in millions)	November 26, 2023		November 27, 2022		November 26, 2023		November 27, 2022
Beginning balance	$	563.4	$	488.5	$	537.0	$	521.1
Acquired deferred gift card revenue	—		—		61.8		—
Activations	145.7		119.9		275.8		234.3
Redemptions and breakage	(128.4)		(123.5)		(293.9)		(270.5)
Ending balance	$	580.7	$	484.9	$	580.7	$	484.9