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REVENUE RECOGNITION
12 Months Ended
May 26, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Deferred revenue liabilities from contracts with customers included on our accompanying consolidated balance sheets is comprised of the following:
(in millions)May 26, 2024May 28, 2023
Unearned revenues
Deferred gift card revenue$620.6 $537.0 
Deferred gift card discounts(29.5)(25.5)
Other0.7 0.5 
Total$591.8 $512.0 
Other liabilities
Deferred franchise fees - non-current$4.9 $2.7 
The following table presents a rollforward of deferred gift card revenue: 
Twelve Months Ended
(in millions)May 26, 2024May 28, 2023
Beginning balance$537.0 $521.1 
Acquired deferred gift card revenue61.8 — 
Activations753.7 701.3 
Redemptions and breakage(731.9)(685.4)
Ending balance$620.6 $537.0