The following tables summarize the fair values of financial instruments measured at fair value on a recurring basis as of February 22, 2026 and May 25, 2025.


Items Measured at Fair Value at February 22, 2026
(in millions)		Fair value of assets (liabilities)		Quoted prices in active market for identical assets (liabilities) (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivatives:
Commodities futures, swaps and options	(1)	$	(0.1)	$	—	$	(0.1)	$	—
Equity forwards	(2)	(0.7)		—		(0.7)		—
Interest rate swaps - fair value hedge	(3)	(31.1)		—		(31.1)		—

Total		$	(31.9)	$	—	$	(31.9)	$	—


Items Measured at Fair Value at May 25, 2025
(in millions)		Fair value of assets (liabilities)		Quoted prices in active market for identical assets (liabilities) (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivatives:
Commodities futures, swaps and options	(1)	$	(0.9)	$	—	$	(0.9)	$	—
Equity forwards	(2)	(3.0)		—		(3.0)		—
Interest rate swaps - fair value hedge	(3)	(40.0)		—		(40.0)		—
Foreign exchange forwards	(4)	(0.2)		—		(0.2)		—
Total		$	(44.1)	$	—	$	(44.1)	$	—

(1)The fair value of our commodities futures, swaps and options is based on closing market prices of commodity contracts, inclusive of the risk of nonperformance.

(2)The fair value of equity forwards is based on the closing market value of Darden stock, inclusive of the risk of nonperformance.

(3)The fair value of our interest rate swap agreements is based on current and expected market interest rates, inclusive of the risk of nonperformance.

(4)The fair value of our foreign exchange forwards is based on closing forward exchange market prices, inclusive of the risk of nonperformance.