Derivative Instruments And Hedging Activities (Tables)

3 Months Ended

Aug. 28, 2016

The notional and fair values of our derivative contracts are as follows:



						Fair Values
(in millions, except per share data)	Number of Shares Outstanding	Weighted-Average Per Share Forward Rates		Notional Values		Derivative Assets (1)				Derivative Liabilities (1)
Equity forwards	August 28, 2016					August 28, 2016		May 29, 2016		August 28, 2016			May 29, 2016
Designated	0.4	$	58.02	$	26.0	$	—	$	1.2	$	(0.5	)	$	—
Not designated	0.5	$	51.01	$	24.2	—		2.6		(0.6		)	—
Total equity forwards						$	—	$	3.8	$	(1.1	)	$	—


(1)	Derivative assets and liabilities are included in receivables, net, prepaid expenses and other current assets and other current liabilities, as applicable, on our consolidated balance sheets.

The notional and fair values of our derivative contracts are as follows:



						Fair Values
(in millions, except per share data)	Number of Shares Outstanding	Weighted-Average Per Share Forward Rates		Notional Values		Derivative Assets (1)				Derivative Liabilities (1)
Equity forwards	August 28, 2016					August 28, 2016		May 29, 2016		August 28, 2016			May 29, 2016
Designated	0.4	$	58.02	$	26.0	$	—	$	1.2	$	(0.5	)	$	—
Not designated	0.5	$	51.01	$	24.2	—		2.6		(0.6		)	—
Total equity forwards						$	—	$	3.8	$	(1.1	)	$	—


(1)	Derivative assets and liabilities are included in receivables, net, prepaid expenses and other current assets and other current liabilities, as applicable, on our consolidated balance sheets

The effects of equity forwards accounted for as cash flow hedging instruments in the consolidated statements of earnings are as follows:



	Three Months Ended
(in millions)	August 28, 2016			August 30, 2015
Gain (loss) recognized in AOCI (effective portion)	$	(3.9	)	$	2.0
Gain (loss) reclassified from AOCI to earnings (effective portion)	(1.4		)	2.1
Gain (loss) recognized in earnings (ineffective portion) (1)	0.2			0.1


(1)	Location of the gain (loss) reclassified from AOCI to earnings as well as the gain (loss) recognized in earnings for the ineffective portion of the hedge is restaurant labor expenses and general and administrative expenses.

The effects of equity forwards not designated as hedging instruments in the consolidated statements of earnings are as follows:



	Amount of Gain (Loss) Recognized in Earnings
(in millions)	Three Months Ended
Location of Gain (Loss) Recognized in Earnings on Derivatives	August 28, 2016			August 30, 2015
Restaurant labor expenses	$	(1.1	)	$	1.7
General and administrative expenses	(2.0		)	3.8
Total	$	(3.1	)	$	5.5