SEGMENT INFORMATION (Tables)

12 Months Ended

May 26, 2024

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 26, 2024 and for the year ended
Sales	$	5,067.0	$	2,806.2	$	1,291.5	$	2,225.3	$	—	$	11,390.0
Restaurant and marketing expenses	3,956.8		2,295.1		1,050.5		1,888.3		(66.4)		9,124.3
Segment profit	$	1,110.2	$	511.1	$	241.0	$	337.0	$	66.4	$	2,265.7

Depreciation and amortization	$	167.7	$	75.8	$	65.9	$	102.5	$	48.0	$	459.9
Impairments and disposal of assets, net	0.2		0.7		—		—		11.5		12.4

Segment assets	2,862.4		2,025.7		2,596.5		2,901.1		937.3		11,323.0
Purchases of land, buildings and equipment	260.7		127.4		118.1		97.9		(2.9)		601.2


(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)

Purchases of land, buildings and equipment	154.5		91.0		42.2		86.8		2.4		376.9

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


	Fiscal Year Ended
(in millions)	May 26, 2024		May 28, 2023		May 29, 2022
Segment profit	$	2,265.7	$	1,965.1	$	1,901.8
Less general and administrative expenses	(479.2)		(386.1)		(373.2)
Less depreciation and amortization	(459.9)		(387.8)		(368.4)
Less impairments and disposal of assets, net	(12.4)		10.6		2.0

Less interest, net	(138.7)		(81.3)		(68.7)

Earnings before income taxes	$	1,175.5	$	1,120.5	$	1,093.5