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Land, Buildings And Equipment, Net
 12 Months Ended
May. 31, 2015
Property, Plant and Equipment, Net [Abstract]  
Land, Buildings And Equipment, Net
LAND, BUILDINGS AND EQUIPMENT, NET
The components of land, buildings and equipment, net, are as follows:
(in millions)
May 31, 2015

 
May 25, 2014

Land
$
633.5

 
$
659.7

Buildings
3,338.9

 
3,234.5

Equipment
1,439.1

 
1,378.4

Assets under capital leases
72.0

 
69.5

Construction in progress
36.9

 
89.1

Total land, buildings and equipment
$
5,520.4

 
$
5,431.2

Less accumulated depreciation and amortization
(2,277.7
)
 
(2,027.0
)
Less amortization associated with assets under capital leases
(26.9
)
 
(23.2
)
Land, buildings and equipment, net
$
3,215.8

 
$
3,381.0



During fiscal 2015, we announced a plan to pursue sale-leaseback transactions of approximately 75 restaurant properties and our corporate headquarters. Of the 75 properties listed for sale-leaseback transactions, 14 were completed during fiscal 2015 generating proceeds of $44.9 million, resulting in a deferred gain of $6.7 million which will be amortized over the leaseback period on a straight-line basis. Subsequent to our fiscal 2015 year end, we completed an additional 15 individual restaurant sale-leaseback transactions, generating proceeds of approximately $63.6 million. We expect to complete the remainder of the sale-leaseback transactions during fiscal 2016.