Additional Financial Information

6 Months Ended

Nov. 23, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Information

The components of lease assets and liabilities on the consolidated balance sheet were as follows:


(in millions)	Balance Sheet Classification	November 23, 2025		May 25, 2025
Operating lease right-of-use assets	Operating lease right-of-use assets	$	3,560.7	$	3,555.9
Finance lease right-of-use assets	Land, buildings and equipment, net	1,372.9		1,294.2
Total lease assets, net		$	4,933.6	$	4,850.1

Operating lease liabilities - current	Other current liabilities	$	213.0	$	220.1
Finance lease liabilities - current	Other current liabilities	14.3		23.8
Operating lease liabilities - non-current	Operating lease liabilities - non-current	3,829.7		3,816.9
Finance lease liabilities - non-current	Other liabilities	1,682.0		1,583.8
Total lease liabilities		$	5,739.0	$	5,644.6

Supplemental Cash Flow Information


Cash paid for interest and income taxes were as follows:	Six Months Ended
(in millions)	November 23, 2025		November 24, 2024
Cash paid for interest and income taxes were as follows:
Interest, net of amounts capitalized	$	92.7	$	79.7
Income taxes, net of refunds	40.7		28.8
Non-cash investing and financing activities were as follows:
Increase in land, buildings and equipment through accrued purchases	$	57.7	$	39.6
Right-of-use assets obtained in exchange for new operating lease liabilities1	34.9		349.6
Right-of-use assets obtained in exchange for new finance lease liabilities	76.2		85.4
Net change in right-of-use assets mainly due to reclassification between categories upon modification	121.5		50.4

1 Includes $337.7 million from the acquisition of Chuy’s in the second quarter of fiscal 2025.

We had restricted cash of $14.5 million as of November 23, 2025 and May 25, 2025, 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 regarding standby letters of credit.