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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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May 25, 2025
Fair Value Disclosures [Abstract] |
Schedule of 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 25, 2025 and May 26, 2024:
Items Measured at Fair Value at May 25, 2025
(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) |  | $ | (0.9) |  |  | $ | — |  |  | $ | (0.9) |  |  | $ | — |
Equity forwards | (2) |  | (3.0) |  |  | — |  |  | (3.0) |  |  | — |
Interest rate swaps | (3) |  | (40.0) |  |  | — |  |  | (40.0) |  |  | — |
Foreign exchange forwards | (4) |  | (0.2) |  |  |  |  | (0.2) |  |  |
Total |  |  | $ | (44.1) |  |  | $ | — |  |  | $ | (44.1) |  |  | $ | — |
Items Measured at Fair Value at May 26, 2024
(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) |  | $ | (0.6) |  |  | $ | — |  |  | $ | (0.6) |  |  | $ | — |
Equity forwards | (2) |  | (3.2) |  |  | — |  |  | (3.2) |  |  | — |
Interest rate swaps | (3) |  | (51.8) |  |  | — |  |  | (51.8) |  |  | — |
Total |  |  | $ | (55.6) |  |  | $ | — |  |  | $ | (55.6) |  |  | $ | — |
(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 our interest rate swap agreements is based on current and expected market interest rates, inclusive of the risk of nonperformance. (4)The fair value of our foreign exchange forwards is based on closing forward exchange market prices, inclusive of the risk of nonperformance.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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