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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jun. 28, 2023
Jun. 29, 2022
Current assets    
Cash and cash equivalents $ 15.1 $ 13.5
Accounts receivable, net 60.9 66.4
Inventories 34.5 35.6
Restaurant supplies 55.6 55.5
Prepaid expenses 17.2 25.7
Income taxes receivable, net 0.0 4.5
Total current assets 183.3 201.2
Property and equipment, at cost    
Land 42.4 43.4
Buildings and leasehold improvements 1,635.7 1,603.9
Furniture and equipment 765.8 793.0
Construction-in-progress 30.1 33.6
Gross property and equipment 2,474.0 2,473.9
Less accumulated depreciation and amortization (1,665.7) (1,657.2)
Net property and equipment 808.3 816.7
Other assets    
Operating lease assets [1] 1,134.9 1,160.5
Goodwill 195.0 195.1
Deferred income taxes, net 93.4 62.5
Intangibles, net 23.9 27.4
Other 48.2 21.0
Total other assets 1,495.4 1,466.5
Total assets 2,487.0 2,484.4
Current liabilities    
Accounts payable 125.7 134.3
Gift card liability 73.0 83.9
Accrued payroll 106.1 111.0
Operating lease liabilities [1] 112.4 112.7
Other accrued liabilities 116.3 116.1
Income taxes payable, net 2.4 0.0
Total current liabilities 535.9 558.0
Long-term debt and finance leases, less current installments 912.2 989.1
Long-term operating lease liabilities, less current portion [1] 1,125.8 1,151.1
Other liabilities 57.4 54.3
Commitments and contingencies (Note 9)
Shareholders’ deficit    
Common stock, shares authorized 250.0  
Common stock, par value per share $ 0.10  
Common stock, shares issued 60.3 70.3
Common stock, shares outstanding 44.6 43.8
Common stock $ 6.0 $ 7.0
Additional paid-in capital 690.0 690.9
Accumulated other comprehensive loss (6.0) (5.3)
Accumulated deficit $ (351.9) $ (148.4)
Treasury stock, shares 15.7 26.5
Treasury stock, at cost $ (482.4) $ (812.3)
Total shareholders’ deficit (144.3) (268.1)
Total liabilities and shareholders’ deficit $ 2,487.0 $ 2,484.4
[1] 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.