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Stockholders' Equity
 12 Months Ended
May 26, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY

Share Repurchase Program
All of the shares purchased during the fiscal year ended May 26, 2019 were purchased as part of our repurchase program authorized by our Board of Directors. On June 20, 2018, our Board of Directors authorized a share repurchase program under which we may repurchase up to $500.0 million of our outstanding common stock. This repurchase program does not have an expiration and replaced the previously existing share repurchase authorization.

Share Retirements
In the fourth quarter of fiscal 2019, we retired our remaining treasury stock totaling 1.3 million shares and restored them to authorized but unissued shares of common stock. The retired treasury stock had a carrying amount of approximately $7.8 million. Upon formal retirement and in accordance with FASB ASC Topic 505, Equity, we reduced our common stock and surplus account by the carrying amount of the treasury stock.

As of May 26, 2019, of the 193.4 million cumulative shares repurchased under the current and previous authorizations, 182.0 million shares were retired and restored to authorized but unissued shares of common stock. We expect that all shares of common stock acquired in the future will also be retired and restored to authorized but unissued shares of common stock.
 
Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss), net of tax, 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 28, 2017
$
(0.7
)
 
$
0.1

 
$
8.2

 
$
(70.5
)
 
$
(62.9
)
Gain (loss)
(0.9
)
 
—

 
(4.6
)
 
(1.0
)
 
(6.5
)
Reclassification realized in net earnings
—

 
(0.1
)
 
—

 
(0.1
)
 
(0.2
)
Reclassification of tax effect (1)
—

 
—

 
(0.2
)
 
(15.4
)
 
(15.6
)
Balances at May 27, 2018
$
(1.6
)

$
—


$
3.4


$
(87.0
)
 
$
(85.2
)
Gain (loss)
0.6

 
—

 
11.0

 
(24.8
)
 
(13.2
)
Reclassification realized in net earnings
—

 
—

 
(5.4
)
 
5.6

 
0.2

Balances at May 26, 2019
$
(1.0
)
 
$
—

 
$
9.0

 
$
(106.2
)
 
$
(98.2
)

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

The following table presents the amounts and line items in our consolidated statements of earnings where other adjustments reclassified from AOCI into net earnings were recorded:
 
 
 
Fiscal Year Ended
(in millions)
AOCI Components
Location of Gain (Loss) Recognized in Earnings
 
May 26,
2019
 
May 27,
2018
Derivatives
 
 
 
 
 
Commodity contracts
(1)
 
$
0.7

 
$
0.3

Equity contracts
(2)
 
4.9

 
(0.2
)
Interest rate contracts
(3)
 
(0.1
)
 
(0.1
)
 
Total before tax
 
$
5.5

 
$
—

 
Tax benefit (expense)
 
(0.1
)
 
—

 
Net of tax
 
$
5.4

 
$
—

Benefit plan funding position
 
 
 
 
 
Pension/postretirement plans
 
 
 
 
 
Actuarial losses
(4)
 
$
(2.5
)
 
$
(2.8
)
Total - pension/postretirement plans
 
 
$
(2.5
)
 
$
(2.8
)
Recognized net actuarial gain - other plans
(5)
 
3.3

 
3.0

 
Total before tax
 
$
0.8

 
$
0.2

 
Tax benefit (expense)
 
(6.4
)
 
(0.1
)
 
Net of tax
 
$
(5.6
)
 
$
0.1

(1)
Primarily included in food and beverage costs and restaurant expenses. See Note 8 for additional details.
(2)
Primarily included in restaurant labor costs and general and administrative expenses. See Note 8 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 14 for additional details.
(5)
Included in the computation of net periodic benefit costs - other plans, which is a component of general and administrative expenses.