Fair Value Measurements (Tables)

12 Months Ended

May 27, 2018

Fair Value Disclosures [Abstract]

Fair Values Of Financial Instruments Measured At Fair Value On Recurring Basis

The following tables summarize the fair values of financial instruments measured at fair value on a recurring basis at May 27, 2018 and May 28, 2017:

Items Measured at Fair Value at May 27, 2018
(in millions)		Fair Value of Assets (Liabilities)		Quoted Prices in Active Market for Identical Assets (Liabilities) (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable     Inputs (Level 3)
Derivatives:
Commodities futures, swaps & options	(1)	$	0.5	$	—	$	0.5	$	—
Equity forwards	(2)	0.6		—		0.6		—
Total		$	1.1	$	—	$	1.1	$	—

Items Measured at Fair Value at May 28, 2017
(in millions)		Fair Value of Assets (Liabilities)			Quoted Prices in Active Market for Identical Assets (Liabilities) (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable     Inputs (Level 3)
Fixed-income securities:
Corporate bonds	(3)	$	1.1		$	—	$	1.1		$	—
U.S. Treasury securities	(4)	2.0			2.0		—			—
Mortgage-backed securities	(3)	1.0			—		1.0			—
Derivatives:
Equity forwards	(2)	(0.4		)	—		(0.4		)	—
Total		$	3.7		$	2.0	$	1.7		$	—

(1) The fair value of our commodities futures, swaps and options is based on closing market prices of the contracts, inclusive of the risk of nonperformance.

(2) The fair value of equity forwards is based on the closing market value of Darden stock, inclusive of the risk of nonperformance.

(3) The fair value of these securities is based on closing market prices of the investments when applicable, or, alternatively, valuations utilizing market data and other observable inputs, inclusive of the risk of nonperformance.

(4) The fair value of our U.S. Treasury securities is based on closing market prices.