Revenue Recognition (Tables)

9 Months Ended

Feb. 23, 2025

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)	February 23, 2025		May 26, 2024
Unearned revenues
Deferred gift card revenue	$	672.7	$	620.6
Deferred gift card discounts	(33.4)		(29.5)
Other	0.7		0.7
Total	$	640.0	$	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				Nine Months Ended
(in millions)	February 23, 2025		February 25, 2024		February 23, 2025		February 25, 2024
Beginning balance	$	576.9	$	580.7	$	620.6	$	537.0
Acquired deferred gift card revenue	—		—		2.6		61.8
Activations	346.5		350.6		599.9		626.4
Redemptions and breakage	(250.7)		(264.7)		(550.4)		(558.6)
Ending balance	$	672.7	$	666.6	$	672.7	$	666.6