| Schedule of Segment Reporting |
The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:
| | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Olive Garden | LongHorn Steakhouse | Fine Dining | Other Business | Corporate | Consolidated | | At May 31, 2026 and for the year ended | | | Sales | | $ | 5,594.8 | | $ | 3,423.0 | | $ | 1,375.7 | | $ | 2,817.4 | | $ | — | | $ | 13,210.9 | | | Food and beverage | | 1,327.9 | | 1,445.1 | | 441.6 | | 824.2 | | — | | 4,038.8 | | | Restaurant labor | | 1,949.4 | | 878.0 | | 394.9 | | 960.1 | | — | | 4,182.4 | | | Restaurant expenses | | 930.3 | | 452.3 | | 286.6 | | 557.1 | | (99.1) | | 2,127.2 | | | Marketing | | $ | 129.3 | | $ | 12.5 | | $ | 9.5 | | $ | 29.1 | | — | | 180.4 | | | Segment profit | | $ | 1,257.9 | | $ | 635.1 | | $ | 243.1 | | $ | 446.9 | | $ | 99.1 | | $ | 2,682.1 | | | | | | | | | | | Depreciation and amortization | | $ | 199.6 | | $ | 96.3 | | $ | 71.6 | | $ | 125.3 | | $ | 68.3 | | $ | 561.1 | | | Impairments and disposal of assets, net | | — | | — | | — | | (0.4) | | (10.3) | | (10.7) | | | | | | | | | | | Pre-opening costs | | 8.8 | | 9.3 | | 4.5 | | 7.2 | | 4.7 | | 34.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | Segment assets | | 2,922.8 | | 2,244.0 | | 2,636.4 | | 3,811.7 | | 1,247.5 | | 12,862.4 | | | Purchases of land, buildings, and equipment | | 254.1 | | 197.3 | | 91.3 | | 190.7 | | 0.6 | | 734.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Olive Garden | LongHorn Steakhouse | Fine Dining | Other Business | Corporate | Consolidated | | At May 25, 2025 and for the year ended | | | Sales | | $ | 5,212.9 | | $ | 3,025.5 | | $ | 1,304.8 | | $ | 2,533.5 | | $ | — | | $ | 12,076.7 | | | Food and beverage | | 1,253.8 | | 1,244.6 | | 414.5 | | 744.1 | | — | | 3,657.0 | | | Restaurant labor | | 1,822.1 | | 780.7 | | 367.7 | | 862.6 | | — | | 3,833.1 | | | Restaurant expenses | | 846.4 | | 408.2 | | 270.8 | | 504.8 | | (86.2) | | 1,944.0 | | | Marketing | | 126.7 | | 9.3 | | 9.3 | | 24.6 | | — | | 169.9 | | | Segment profit | | $ | 1,163.9 | | $ | 582.7 | | $ | 242.5 | | $ | 397.4 | | $ | 86.2 | | $ | 2,472.7 | | | | | | | | | | | Depreciation and amortization | | $ | 186.0 | | $ | 84.3 | | $ | 70.0 | | $ | 119.0 | | $ | 56.8 | | $ | 516.1 | | | Impairments and disposal of assets, net | | (1.5) | | — | | 8.0 | | 42.0 | | 0.7 | | 49.2 | | | | | | | | | | | Pre-opening costs | | 6.5 | | 6.1 | | 3.8 | | 5.4 | | 3.0 | | 24.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | Segment assets | | 2,880.5 | | 2,077.1 | | 2,623.5 | | 3,821.0 | | 1,184.9 | | 12,587.0 | | | Purchases of land, buildings, and equipment | | 252.0 | | 144.7 | | 96.3 | | 146.8 | | 4.8 | | 644.6 | |
| | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Olive Garden | LongHorn Steakhouse | Fine Dining | Other Business | Corporate | Consolidated | | At May 26, 2024 and for the year ended | | | Sales | | $ | 5,067.0 | | $ | 2,806.2 | | $ | 1,291.5 | | $ | 2,225.3 | | $ | — | | $ | 11,390.0 | | | Food and beverage | | 1,242.7 | | 1,180.6 | | 425.2 | | 675.4 | | — | | 3,523.9 | | | Restaurant labor | | 1,783.1 | | 725.1 | | 351.9 | | 759.2 | | — | | 3,619.3 | | | Restaurant expenses | | 812.6 | | 377.3 | | 259.7 | | 433.2 | | (70.5) | | 1,812.3 | | | Marketing | | 111.2 | | 6.4 | | 9.7 | | 17.2 | | — | | 144.5 | | | Segment profit | | $ | 1,117.4 | | $ | 516.8 | | $ | 245.0 | | $ | 340.3 | | $ | 70.5 | | $ | 2,290.0 | | | | | | | | | | | Depreciation and amortization | | $ | 167.7 | | $ | 75.8 | | $ | 65.9 | | $ | 102.5 | | $ | 48.0 | | $ | 459.9 | | | Impairments and disposal of assets, net | | 0.2 | | 0.7 | | — | | — | | 11.5 | | 12.4 | | | | | | | | | | | Pre-opening costs | | 7.2 | | 5.7 | | 4.0 | | 3.3 | | 4.1 | | 24.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | Purchases of land, buildings, and equipment | | 260.7 | | 127.4 | | 118.1 | | 97.9 | | (2.9) | | 601.2 | |
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| Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | (in millions) | | May 31, 2026 | | May 25, 2025 | | May 26, 2024 | | Segment profit | | $ | 2,682.1 | | | $ | 2,472.7 | | | $ | 2,290.0 | | | Less general and administrative expenses | | (514.4) | | | (520.3) | | | (479.2) | | | Less depreciation and amortization | | (561.1) | | | (516.1) | | | (459.9) | | | Less impairments and disposal of assets, net | | 10.7 | | | (49.2) | | | (12.4) | | | Less pre-opening costs | | (34.5) | | | (24.8) | | | (24.3) | | | Less interest, net | | (194.2) | | | (175.1) | | | (138.7) | | | Earnings before income taxes | | $ | 1,388.6 | | | $ | 1,187.2 | | | $ | 1,175.5 | |
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