Revenue Recognition (Tables)

9 Months Ended

Feb. 25, 2024

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)	February 25, 2024		May 28, 2023
Unearned revenues
Deferred gift card revenue	$	666.6	$	537.0
Deferred gift card discounts	(41.3)		(25.5)
Other	0.7		0.5
Total	$	626.0	$	512.0
Other liabilities
Deferred franchise fees - non-current	$	5.0	$	2.7

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

	Three Months Ended				Nine Months Ended
(in millions)	February 25, 2024		February 26, 2023		February 25, 2024		February 26, 2023
Beginning balance	$	580.7	$	484.9	$	537.0	$	521.1
Acquired deferred gift card revenue	—		—		61.8		—
Activations	350.6		343.1		626.4		577.4
Redemptions and breakage	(264.7)		(250.1)		(558.6)		(520.6)
Ending balance	$	666.6	$	577.9	$	666.6	$	577.9