Stockholders’ Equity

Accumulated Other Comprehensive Income (Loss) (AOCI)

The components of accumulated other comprehensive income (loss), net of tax, for the quarter and nine months ended February 24, 2019 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)
Balance at November 25, 2018	$	(1.0	)	$	—	$	9.7		$	(87.4	)	$	(78.7	)
Gain (loss)	(0.3		)	—		(1.5		)	—			(1.8		)
Reclassification realized in net earnings	—			—		(0.4		)	(0.1		)	(0.5		)
Balance at February 24, 2019	$	(1.3	)	$	—	$	7.8		$	(87.5	)	$	(81.0	)

Balances at May 27, 2018	$	(1.6	)	$	—	$	3.4		$	(87.0	)	$	(85.2	)
Gain (loss)	0.3			—		9.9			—			10.2
Reclassification realized in net earnings	—			—		(5.5		)	(0.5		)	(6.0		)
Balance at February 24, 2019	$	(1.3	)	$	—	$	7.8		$	(87.5	)	$	(81.0	)

The components of accumulated other comprehensive income (loss), net of tax, for the quarter and nine months ended February 25, 2018 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)
Balance at November 26, 2017	$	(1.4	)	$	—		$	3.8		$	(70.6	)	$	(68.2	)
Gain (loss)	(0.4		)	—			3.7			—			3.3
Reclassification realized in net earnings	—			—			(0.1		)	—			(0.1		)
Reclassification of tax effect (1)	—			—			(0.2		)	(15.2		)	(15.4		)
Balance at February 25, 2018	$	(1.8	)	$	—		$	7.2		$	(85.8	)	$	(80.4	)

Balances at May 28, 2017	$	(0.7	)	$	0.1		$	8.2		$	(70.5	)	$	(62.9	)
Gain (loss)	(1.1		)	—			(0.9		)	—			(2.0		)
Reclassification realized in net earnings	—			(0.1		)	0.1			(0.1		)	(0.1		)
Reclassification of tax effect (1)	—			—			(0.2		)	(15.2		)	(15.4		)
Balance at February 25, 2018	$	(1.8	)	$	—		$	7.2		$	(85.8	)	$	(80.4	)


(1)	Stranded tax effects reclassified from accumulated other comprehensive income (loss) to retained earnings from the fiscal 2018 adoption of ASU 2018-02.

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						Nine Months Ended
(in millions) AOCI Components	Location of Gain (Loss) Recognized in Earnings	February 24, 2019			February 25, 2018			February 24, 2019			February 25, 2018
Derivatives
Commodity contracts	(1)	$	0.5		$	0.2		$	0.9		$	0.2
Equity contracts	(2)	—			—			4.9			(0.2		)
Interest rate contracts	(3)	—			(0.1		)	(0.1		)	(0.1		)
Total before tax		$	0.5		$	0.1		$	5.7		$	(0.1	)
Tax (expense) benefit		(0.1		)	—			(0.2		)	—
Net of tax		$	0.4		$	0.1		$	5.5		$	(0.1	)

Benefit plan funding position
Recognized net actuarial loss - pension/postretirement plans	(4)	$	(0.6	)	$	(0.7	)	$	(1.9	)	$	(2.1	)
Recognized net actuarial gain - other plans	(5)	0.7			0.8			2.4			2.3
Total before tax		$	0.1		$	0.1		$	0.5		$	0.2
Tax (expense) benefit		—			(0.1		)	—			(0.1		)
Net of tax		$	0.1		$	—		$	0.5		$	0.1


(1)	Primarily included in food and beverage costs and restaurant expenses. See Note 12 for additional details.


(2)	Primarily included in restaurant labor costs and general and administrative expenses. See Note 12 for additional details.


(3)	Included in interest, net, on our consolidated statements of earnings.


(4)	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 10 for additional details.


(5)	Included in the computation of net periodic benefit costs - other plans, which is a component of general and administrative expenses.