Revenue Recognition

9 Months Ended

Feb. 27, 2022

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)	February 27, 2022		May 30, 2021
Unearned revenues
Deferred gift card revenue	$	564.3	$	494.3
Deferred gift card discounts	(27.4)		(20.5)
Other	0.4		0.4
Total	$	537.3	$	474.2
Other liabilities
Deferred franchise fees - non-current	$	2.5	$	2.2

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

	Three Months Ended				Nine Months Ended
(in millions)	February 27, 2022		February 28, 2021		February 27, 2022		February 28, 2021
Beginning balance	$	476.9	$	469.3	$	494.3	$	494.6
Activations	318.6		230.2		552.9		400.6
Redemptions and breakage	(231.2)		(176.9)		(482.9)		(372.6)
Ending balance	$	564.3	$	522.6	$	564.3	$	522.6