Stockholders' Equity (Tables)

3 Months Ended

Aug. 25, 2024

Stockholders' Equity Note [Abstract]

Schedule of AOCI

The components of AOCI, net of tax, for the quarter ended August 25, 2024 were as follows:

(in millions)	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Derivatives		Benefit Plan Funding Position		Accumulated Other Comprehensive Income
Balance at May 26, 2024	$	4.6	$	24.5	$	(3.5)	$	25.6
Gain (loss)	—		0.4		—		0.4
Reclassification realized in net earnings	—		(0.2)		0.1		(0.1)
Balance at August 25, 2024	$	4.6	$	24.7	$	(3.4)	$	25.9

The components of AOCI, net of tax, for the quarter ended August 27, 2023 were as follows:

(in millions)	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Derivatives		Benefit Plan Funding Position		Accumulated Other Comprehensive Income
Balances at May 28, 2023	$	4.5	$	3.9	$	(5.2)	$	3.2
Gain (loss)	—		12.5		—		12.5
Reclassification realized in net earnings	—		0.1		0.2		0.3
Balance at August 27 2023	$	4.5	$	16.5	$	(5.0)	$	16.0

Schedule of Reclassification out of AOCI

The following table presents the amounts and line items in our consolidated statements of earnings where adjustments reclassified from AOCI into net earnings were recorded.

		Amount Reclassified from AOCI into Net Earnings
		Three Months Ended
(in millions) AOCI Components	Location of Gain (Loss) Recognized in Earnings	August 25, 2024		August 27, 2023
Derivatives
Commodity contracts	(1)	$	(0.4)	$	(1.9)
Equity contracts	(2)	(0.1)		1.3
Interest rate contracts	(3)	0.9		—
Total before tax		$	0.4	$	(0.6)
Tax (expense) benefit		(0.2)		0.5
Net of tax		$	0.2	$	(0.1)
Benefit plan funding position
Recognized net actuarial gain (loss) - other plans	(4)	(0.2)		(0.2)
Total before tax		$	(0.2)	$	(0.2)
Tax (expense) benefit		0.1		—
Net of tax		$	(0.1)	$	(0.2)

(1)Primarily included in food and beverage costs and restaurant expenses. See Note 10 for additional details.

(2)Included in general and administrative expenses. See Note 10 for additional details.

(3)Included in interest, net on our consolidated statement of earnings.

(4)Included in the computation of net periodic benefit costs, which is a component of general and administrative expenses.