Stockholders' Equity
Accumulated Other Comprehensive Income (Loss) (AOCI) The components of accumulated other comprehensive income (loss), net of tax, for the quarters ended November 27, 2016 and November 29, 2015 are as follows: | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Foreign Currency Translation Adjustment | | Unrealized Gains (Losses) on Marketable Securities | | Unrealized Gains (Losses) on Derivatives | | Benefit Plan Funding Position | | Accumulated Other Comprehensive Income (Loss) | Balances at August 28, 2016 | | $ | (1.2 | ) | | $ | 0.1 |
| | $ | 1.4 |
| | $ | (89.7 | ) | | $ | (89.4 | ) | Gain (loss) | | 0.6 |
| | — |
| | 5.3 |
| | — |
| | 5.9 |
| Reclassification realized in net earnings | | — |
| | — |
| | — |
| | 0.2 |
| | 0.2 |
| Balance at November 27, 2016 | | $ | (0.6 | ) | | $ | 0.1 |
| | $ | 6.7 |
| | $ | (89.5 | ) | | $ | (83.3 | ) | | | | | | | | | | | | Balance at August 30, 2015 | | $ | (0.9 | ) | | $ | 0.1 |
| | $ | (18.4 | ) | | $ | (66.0 | ) | | $ | (85.2 | ) | Gain (loss) | | 0.1 |
| | — |
| | (2.1 | ) | | — |
| | (2.0 | ) | Reclassification realized in net earnings | | — |
| | — |
| | 22.3 |
| | (0.1 | ) | | 22.2 |
| Balance at November 29, 2015 | | $ | (0.8 | ) | | $ | 0.1 |
| | $ | 1.8 |
| | $ | (66.1 | ) | | $ | (65.0 | ) |
The components of accumulated other comprehensive income (loss), net of tax, for the six months ended November 27, 2016 and November 29, 2015 are as follows: | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Foreign Currency Translation Adjustment | | Unrealized Gains (Losses) on Marketable Securities | | Unrealized Gains (Losses) on Derivatives | | Benefit Plan Funding Position | | Accumulated Other Comprehensive Income (Loss) | Balances at May 29, 2016 | | $ | (1.2 | ) | | $ | 0.1 |
| | $ | 3.9 |
| | $ | (89.8 | ) | | $ | (87.0 | ) | Gain (loss) | | 0.6 |
| | — |
| | 1.4 |
| | — |
| | 2.0 |
| Reclassification realized in net earnings | | — |
| | — |
| | 1.4 |
| | 0.3 |
| | 1.7 |
| Balance at November 27, 2016 | | $ | (0.6 | ) | | $ | 0.1 |
| | $ | 6.7 |
| | $ | (89.5 | ) | | $ | (83.3 | ) | | | | | | | | | | | | Balance at May 31, 2015 | | $ | (1.7 | ) | | $ | 0.1 |
| | $ | (19.1 | ) | | $ | (65.9 | ) | | $ | (86.6 | ) | Gain (loss) | | 0.9 |
| | — |
| | (0.1 | ) | | — |
| | 0.8 |
| Reclassification realized in net earnings | | — |
| | — |
| | 21.0 |
| | (0.2 | ) | | 20.8 |
| Balance at November 29, 2015 | | $ | (0.8 | ) | | $ | 0.1 |
| | $ | 1.8 |
| | $ | (66.1 | ) | | $ | (65.0 | ) |
The following table presents the amounts and line items in our consolidated statements of earnings where adjustments reclassified from AOCI into net earnings were recorded. | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from AOCI into Net Earnings | | | | Three Months Ended | | Six Months Ended | (in millions) AOCI Components | Location of Gain (Loss) Recognized in Earnings | | November 27,
2016 | | November 29,
2015 | | November 27,
2016 | | November 29,
2015 | Derivatives | | | | | | | | | | Equity contracts | (1) | | $ | — |
| | $ | — |
| | $ | (1.4 | ) | | $ | 2.1 |
| Interest rate contracts | (2) | | — |
| | (36.1 | ) | | — |
| | (37.4 | ) | Total before tax | | | $ | — |
| | $ | (36.1 | ) | | $ | (1.4 | ) | | $ | (35.3 | ) | Tax benefit | | | — |
| | 13.8 |
| | — |
| | 14.3 |
| Net of tax | | | $ | — |
| | $ | (22.3 | ) | | $ | (1.4 | ) | | $ | (21.0 | ) | | | | | | | | | | | Benefit plan funding position | | | | | | | | | | Recognized net actuarial loss - pension/postretirement plans | (3) | | $ | (0.8 | ) | | $ | (0.8 | ) | | $ | (1.6 | ) | | $ | (1.4 | ) | Recognized net actuarial gain - other plans | (4) | | 0.5 |
| | 0.9 |
| | 1.1 |
| | 1.7 |
| Total before tax | | | $ | (0.3 | ) | | $ | 0.1 |
| | $ | (0.5 | ) | | $ | 0.3 |
| Tax benefit (expense) | | | 0.1 |
| | — |
| | 0.2 |
| | (0.1 | ) | Net of tax | | | $ | (0.2 | ) | | $ | 0.1 |
| | $ | (0.3 | ) | | $ | 0.2 |
|
| | (1) | Primarily included in restaurant labor costs and general and administrative expenses. See Note 11 for additional details. |
| | (2) | Included in interest, net, on our consolidated statements of earnings. Reclassifications for the quarter and six months ended November 29, 2015 primarily related to the acceleration of hedge loss amortization resulting from the pay down of debt. |
| | (3) | Included in the computation of net periodic benefit costs - pension and postretirement plans, which is a component of restaurant labor expenses and general and administrative expenses. See Note 9 for additional details. |
| | (4) | Included in the computation of net periodic benefit costs - other plans, which is a component of general and administrative expenses. |
|