v3.26.1
Stockholders' Equity
9 Months Ended
Feb. 22, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
Accumulated Other Comprehensive Income (AOCI)
The components of AOCI, net of tax, for the three and nine months ended February 22, 2026 were as follows:
(in millions)Foreign Currency Translation Adjustment Unrealized Gains (Losses) on DerivativesBenefit Plan Funding PositionAccumulated Other Comprehensive Income
Balance at November 23, 2025$(0.4)$21.1 $(3.0)$17.7 
Gain (loss)0.8 7.2 — 8.0 
Reclassification realized in net earnings— (1.4)0.1 (1.3)
Balance at February 22, 2026$0.4 $26.9 $(2.9)$24.4 
Balance at May 25, 2025$4.6 $30.4 $(3.2)$31.8 
Gain (loss)0.8 (0.8)— — 
Reclassification realized in net earnings(5.0)(2.7)0.3 (7.4)
Balance at February 22, 2026$0.4 $26.9 $(2.9)$24.4 
The components of AOCI, net of tax, for the three and nine months ended February 23, 2025 were as follows:
(in millions)Foreign Currency Translation AdjustmentUnrealized Gains (Losses) on DerivativesBenefit Plan Funding PositionAccumulated Other Comprehensive Income
Balance at November 24, 2024$4.6 $27.4 $(3.2)$28.8 
Gain (loss)— 4.6 — 4.6 
Reclassification realized in net earnings— (0.4)0.1 (0.3)
Balance at February 23, 2025$4.6 $31.6 $(3.1)$33.1 
Balance at May 26, 2024$4.6 $24.5 $(3.5)$25.6 
Gain (loss)— 7.9 — 7.9 
Reclassification realized in net earnings— (0.8)0.4 (0.4)
Balance at February 23, 2025$4.6 $31.6 $(3.1)$33.1 
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 EndedNine Months Ended
(in millions)
AOCI Components
Location of Gain (Loss) Recognized in EarningsFebruary 22,
2026
February 23,
2025
February 22,
2026
February 23,
2025
Derivatives
Commodity contracts
(1)$0.7 $(0.6)$0.4 $(1.7)
Equity contracts
(2)0.2 0.1 0.6 — 
Interest rate contracts
(3)0.9 0.9 2.6 2.6 
    Foreign exchange forwards(4)— — (0.2)— 
Total before tax$1.8 $0.4 $3.4 $0.9 
Tax (expense) benefit(0.4)— (0.7)(0.1)
Net of tax$1.4 $0.4 $2.7 $0.8 
Benefit plan funding position
Recognized net actuarial gain (loss) - pension/postretirement plans(5)$0.1 $0.1 $0.2 $0.1 
Recognized net actuarial gain (loss) - other plans
(5)(0.2)(0.2)(0.6)(0.6)
Total before tax$(0.1)$(0.1)$(0.4)$(0.5)
Tax (expense) benefit— — 0.1 0.1 
Net of tax$(0.1)$(0.1)$(0.3)$(0.4)
Cumulative translation adjustment(4)$— $— $5.0 $— 
  Tax (expense) benefit— — — — 
  Net of tax$— $— $5.0 $— 
(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 impairments and (gain) loss on disposal of assets, net on our consolidated statement of earnings.
(5)Included in the computation of net periodic benefit costs, which is a component of general and administrative expenses.