CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 24, 2020		Jun. 26, 2019
Current assets
Cash and cash equivalents	$ 43.9		$ 13.4
Accounts receivable, net	52.3		55.0
Inventories	27.3		23.2
Restaurant supplies	51.6		47.1
Prepaid expenses	13.9		23.7
Income taxes receivable, net	35.4		14.6
Total current assets	224.4		177.0	[1]
Property and equipment, at cost
Land	34.2		33.4
Buildings and leasehold improvements	1,534.4		1,454.6
Furniture and equipment	785.7		757.5
Construction-in-progress	24.4		19.2
Gross property and equipment	2,378.7		2,264.7
Less accumulated depreciation and amortization	(1,573.4)		(1,509.6)
Net property and equipment	805.3		755.1
Other assets
Operating lease assets (Note 4)	1,054.6	[2]	0.0	[3]
Goodwill	187.6		165.5
Deferred income taxes, net (Note 4)	38.2		112.0	[4]
Intangibles, net	23.0		22.3
Other	22.9		26.4
Total other assets	1,326.3		326.2
Total assets	2,356.0	[5]	1,258.3
Current liabilities
Accounts payable	104.9		97.5
Gift card liability	109.9		100.9
Accrued payroll	65.2		82.1
Operating lease liabilities (Note 4)	117.3	[2]	0.0	[6]
Other accrued liabilities	100.6		141.1	[1],[7]
Total current liabilities	497.9		421.6
Long-term debt and finance leases, less current installments	1,208.5		1,206.6
Long-term operating lease liabilities, less current portion (Note 4)	1,061.6	[2]	0.0	[6]
Deferred gain on sale leaseback transactions (Note 4)	0.0		255.3	[7]
Other liabilities (Note 4)	67.1		153.0	[1]
Commitments and contingencies (Note 18)
Shareholders’ deficit
Common stock (250.0 million authorized shares; $0.10 par value; 70.3 million shares issued and 45.0 million shares outstanding at June 24, 2020, and 176.2 million shares issued and 37.5 million shares outstanding at June 26, 2019)	7.0		17.6
Additional paid-in capital	669.4		522.0
Accumulated other comprehensive loss	(6.2)		(5.6)
Retained (deficit) earnings	(397.5)		2,771.2
Treasury stock, at cost (25.3 million shares at June 24, 2020, and 138.7 million shares at June 26, 2019)	(751.8)		(4,083.4)
Total shareholders’ deficit	(479.1)		(778.2)
Total liabilities and shareholders’ deficit	$ 2,356.0		$ 1,258.3

[1] ⁽¹⁾  The following prior lease balances were reclassified into Operating lease assets upon adoption of ASC 842: – Current assets adjustment related to the prepaid rent. – Intangibles, net adjustment related to the favorable lease asset position. – Other accrued liabilities and Other liabilities balances adjustments related to the current and long-term portions of straight-line rent balances, unfavorable lease liability positions, exit-related lease accruals, and landlord contributions. Additionally, Other accrued liabilities included $19.3 million of deferred gain on sale leaseback transactions that was eliminated as a cumulative effect adjustment to Retained earnings upon adoption, refer to ⁽⁵⁾ below, and Note 13 - Accrued and Other Liabilities at June 26, 2019 for further details.

[2] ⁽²⁾  Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.

[3] ⁽²⁾  Operating lease assets represent the capitalization of operating lease assets equal to the amount of recognized operating lease liability as described in ⁽⁴⁾ below, adjusted by the net carrying amounts described in ⁽¹⁾ above, and $15.5 million related to the impairment of certain operating lease assets for restaurant facilities previously fully impaired under our long-lived asset impairment policy that were recorded to Retained earnings.

[4] ⁽³⁾  Deferred income taxes, net was reduced by $68.6 million related to the elimination of the deferred gain on sale leaseback transactions as described in ⁽⁵⁾ below, partially offset by $3.5 million related to the impact of adopting ASC 842 and recording the operating lease assets and liabilities.

[5] Segment assets for fiscal 2020 are presented in accordance with the newly adopted ASC 842 lease accounting standard that now include Operating lease assets. Refer to Note 4 - Leases for further details.

[6] ⁽⁴⁾  Operating lease liabilities, both current and long-term, represents the liabilities based on the present value of the lease payments, consisting of fixed costs and certain rent escalations, using our incremental borrowing rate applicable to the lease term upon date of adoption.

[7] ⁽⁵⁾  Deferred gain on sale leaseback transactions balance of $255.3 million, the related short-term deferred gain balance recorded within Other accrued liabilities of $19.3 million, and the associated Deferred income taxes, net of $68.6 million as described in ⁽³⁾ above, were eliminated upon ASC 842 adoption into Retained earnings as required by ASC 842 using the alternative transition method. No further gain will be amortized to Other (gains) and charges in the Consolidated Statements of Comprehensive Income effective fiscal 2020.