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Additional Financial Information
 3 Months Ended
Aug. 25, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Additional Financial Information
Supplemental Balance Sheet Information
The components of lease assets and liabilities on the consolidated balance sheet were as follows:
(in millions)Balance Sheet ClassificationAugust 25, 2024May 26, 2024
Operating lease right-of-use assetsOperating lease right-of-use assets$3,365.5 $3,429.3 
Finance lease right-of-use assetsLand, buildings and equipment, net1,160.1 1,106.3 
Total lease assets, net$4,525.6 $4,535.6 
Operating lease liabilities - currentOther current liabilities$200.6 $198.8 
Finance lease liabilities - currentOther current liabilities16.2 15.3 
Operating lease liabilities - non-currentOperating lease liabilities - non-current3,636.8 3,704.7 
Finance lease liabilities - non-currentOther liabilities1,423.9 1,357.1 
Total lease liabilities$5,277.5 $5,275.9 
Supplemental Cash Flow Information
Cash paid for interest and income taxes were as follows:
Three Months Ended
(in millions)August 25, 2024August 27, 2023
Interest, net of amounts capitalized$36.3 $34.3 
Income taxes, net of refunds4.6 2.0 
Non-cash investing and financing activities were as follows:Three Months Ended
(in millions)August 25, 2024August 27, 2023
Increase in land, buildings and equipment through accrued purchases$33.8 $64.0 
Right-of-use assets obtained in exchange for new operating lease liabilities(1)
7.1 298.0 
Right-of-use assets obtained in exchange for new finance lease liabilities35.8 45.3 
Net change in right-of-use assets mainly due to lease modifications resulting in reclassification of leases from operating to finance19.9 2.1 
(1) Right-of-use assets obtained in fiscal 2024 includes $291.6 million from the acquisition of Ruth’s Chris.
We had restricted cash of $24.4 million as of August 25, 2024 and $25.3 million as of May 26, 2024, which represents cash held as security for a standby letter of credit. Restricted cash is included in Prepaid Expenses and Other Current Assets on our consolidated balance sheet. See Note 12, Commitments and Contingencies, for further details around standby letters of credit.