Revenue Recognition

6 Months Ended

Nov. 29, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition  

Deferred revenue liabilities from contracts with customers included on our accompanying consolidated balance sheets is comprised of the following:

(in millions)	November 29, 2020		May 31, 2020
Unearned revenues
Deferred gift card revenue	$	469.3	$	494.6
Deferred gift card discounts	(29.9)		(28.2)
Other	0.5		1.5
Total	$	439.9	$	467.9
Other liabilities
Deferred franchise fees - non-current	$	2.2	$	2.8

The following table presents a rollforward of deferred gift card revenue.

	Three Months Ended				Six Months Ended
(in millions)	November 29, 2020		November 24, 2019		November 29, 2020		November 24, 2019
Beginning balance	$	475.6	$	410.2	$	494.6	$	453.6
Activations	94.7		127.4		170.4		243.8
Redemptions and breakage	(101.0)		(125.2)		(195.7)		(285.0)
Ending balance	$	469.3	$	412.4	$	469.3	$	412.4