Revenue Recognition (Tables)

6 Months Ended

Nov. 24, 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)	November 24, 2024		May 26, 2024
Unearned revenues
Deferred gift card revenue	$	576.9	$	620.6
Deferred gift card discounts	(25.5)		(29.5)
Other	0.6		0.7
Total	$	552.0	$	591.8
Other liabilities
Deferred franchise fees - non-current	$	4.9	$	4.9

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

	Three Months Ended				Six Months Ended
(in millions)	November 24, 2024		November 26, 2023		November 24, 2024		November 26, 2023
Beginning balance	$	579.5	$	563.4	$	620.6	$	537.0
Acquired deferred gift card revenue	2.6		—		2.6		61.8
Activations	131.0		145.7		253.4		275.8
Redemptions and breakage	(136.2)		(128.4)		(299.7)		(293.9)
Ending balance	$	576.9	$	580.7	$	576.9	$	580.7