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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
May 25, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional and Fair Values of Derivative Contracts
The notional and fair values of our derivative contracts are as follows:
Fair Values
(in millions, except
per share data)		Number of Shares OutstandingWeighted-Average
 Per Share Forward Rates		Notional ValuesDerivative Assets (1)Derivative Liabilities (1)
May 25, 2025May 25, 2025May 26, 2024May 25, 2025May 26, 2024
Equity Forwards
Designated
0.2 $145.57 $23.7 $— $— $0.8 $0.8 
Not designated
0.4 $139.89 $61.7 — — 2.2 2.4 
Total equity forwards (2)$— $— $3.0 $3.2 
Commodity contracts
     DesignatedN/AN/A$13.8 $— $0.1 $0.9 $0.7 
     Not designatedN/AN/A$— — — — — 
Total commodity contracts (3)$— $0.1 $0.9 $0.7 
Interest rate related
     DesignatedN/AN/A$300.0 $— $— $40.0 $51.8 
     Not designatedN/AN/A$— $— $— $— 
Total interest rate related$— $— $40.0 $51.8 
Foreign Exchange Forwards
DesignatedN/AN/A$18.0 $— $— $0.2 $— 
Not designatedN/AN/A$— $— $— $— 
Total foreign exchange forwards (4)$— $— $0.2 $— 
Total derivative contracts$— $0.1 $44.1 $55.7 
(1)Derivative assets and liabilities are included in receivables, net, and other current liabilities, as applicable, on our consolidated balance sheets.
(2)Designated and undesignated equity forwards extend through July 2028.
(3)Commodity contracts extend through June 2026.
(4)Foreign exchange forwards extend through July 2025.
Schedule of Effects of Derivative Instruments in Hedging Relationships
The effects of derivative instruments in cash flow hedging relationships in the consolidated statements of earnings are as follows:
Amount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI to Earnings
Fiscal Year EndedFiscal Year Ended
(in millions)May 25, 2025May 26, 2024May 28, 2023May 25, 2025May 26, 2024May 28, 2023
Equity (1)$9.0 $(6.4)$8.0 $0.1 $1.3 $(0.8)
Commodity (2)(1.9)(1.9)(9.2)(1.6)(6.9)(3.1)
Interest rate (3)— 34.9 — 3.4 2.2 (0.1)
Foreign exchange(0.2)— — — — — 
Total$6.9 $26.6 $(1.2)$1.9 $(3.4)$(4.0)
(1)Location of the gain (loss) reclassified from AOCI to earnings is general and administrative expenses.
(2)Location of the gain (loss) reclassified from AOCI to earnings is food and beverage costs and restaurant expenses.
(3)Location of the gain (loss) reclassified from AOCI to earnings is interest, net.

The effects of derivative instruments in fair value hedging relationships in the consolidated statements of earnings are as follows:

Amount of Gain (Loss) Recognized in Earnings on DerivativesAmount of Gain (Loss) Recognized in Earnings on Related Hedged Item
Fiscal Year EndedFiscal Year Ended
(in millions)May 25, 2025May 26, 2024May 28, 2023May 25, 2025May 26, 2024May 28, 2023
Interest rate (1)(2)$11.8 $(6.4)$(17.4)$(11.8)$6.4 $17.4 

(1) Location of the gain (loss) recognized in earnings on derivatives and related hedged item is interest, net.
(2) Hedged item in fair value hedge relationship is debt.

The effects of derivatives not designated as hedging instruments in the consolidated statements of earnings are as follows:
Amount of Gain (Loss)
Recognized in Earnings
(in millions)Fiscal Year Ended
Location of Gain (Loss) Recognized in Earnings on DerivativesMay 25, 2025May 26, 2024May 28, 2023
General and administrative expenses25.6 (3.1)18.3