| Stockholders’ Equity Accumulated Other Comprehensive Income (Loss) (AOCI) The components of accumulated other comprehensive income (loss), net of tax, for the quarter ended November 28, 2021 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Foreign Currency Translation Adjustment | | Unrealized Gains (Losses) on Derivatives | | Benefit Plan Funding Position | | Accumulated Other Comprehensive Income (Loss) | | Balance at August 29, 2021 | | $ | 4.8 | | | $ | 9.7 | | | $ | (8.7) | | | $ | 5.8 | | | Gain (loss) | | (0.1) | | | (5.3) | | | — | | | (5.4) | | | Reclassification realized in net earnings | | — | | | — | | | 0.2 | | | 0.2 | | | Balance at November 28, 2021 | | $ | 4.7 | | | $ | 4.4 | | | $ | (8.5) | | | $ | 0.6 | | | | | | | | | | | | Balance at May 30, 2021 | | $ | 5.2 | | | $ | 7.9 | | | $ | (8.9) | | | $ | 4.2 | | | Gain (loss) | | (0.5) | | | (2.7) | | | — | | | (3.2) | | | Reclassification realized in net earnings | | — | | | (0.8) | | | 0.4 | | | (0.4) | | | Balance at November 28, 2021 | | $ | 4.7 | | | $ | 4.4 | | | $ | (8.5) | | | $ | 0.6 | |
The components of accumulated other comprehensive income (loss), net of tax, for the quarter ended November 29, 2020 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Foreign Currency Translation Adjustment | | Unrealized Gains (Losses) on Derivatives | | Benefit Plan Funding Position | | Accumulated Other Comprehensive Income (Loss) | | Balance at August 30, 2020 | | $ | 4.7 | | | $ | (4.1) | | | $ | (13.1) | | | $ | (12.5) | | | Gain (loss) | | — | | | 4.6 | | | — | | | 4.6 | | | Reclassification realized in net earnings | | — | | | 0.4 | | | 0.4 | | | 0.8 | | | Balance at November 29, 2020 | | $ | 4.7 | | | $ | 0.9 | | | $ | (12.7) | | | $ | (7.1) | | | | | | | | | | | | Balance at May 31, 2020 | | $ | 4.5 | | | $ | (8.6) | | | $ | (13.5) | | | $ | (17.6) | | | Gain (loss) | | 0.2 | | | 9.0 | | | — | | | 9.2 | | | Reclassification realized in net earnings | | — | | | 0.5 | | | 0.8 | | | 1.3 | | | Balance at November 29, 2020 | | $ | 4.7 | | | $ | 0.9 | | | $ | (12.7) | | | $ | (7.1) | |
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 | | Six Months Ended | (in millions) AOCI Components | Location of Gain (Loss) Recognized in Earnings | | November 28,
2021 | | November 29,
2020 | | November 28,
2021 | | November 29,
2020 | | Derivatives | | | | | | | | | | Commodity contracts | (1) | | $ | — | | | $ | (0.4) | | | $ | — | | | $ | (0.9) | | Equity contracts | (2) | | 0.1 | | | (0.1) | | | 0.9 | | | 0.3 | | Interest rate contracts | (3) | | (0.1) | | | (0.1) | | | (0.1) | | | (0.1) | | | Total before tax | | | $ | — | | | $ | (0.6) | | | $ | 0.8 | | | $ | (0.7) | | | Tax (expense) benefit | | | — | | | 0.2 | | | — | | | 0.2 | | | Net of tax | | | $ | — | | | $ | (0.4) | | | $ | 0.8 | | | $ | (0.5) | | | | | | | | | | | | | Benefit plan funding position | | | | | | | | | | Recognized net actuarial loss - pension/postretirement plans | (4) | | $ | (0.2) | | | $ | (0.1) | | | $ | (0.3) | | | $ | (0.1) | | Recognized net actuarial gain (loss) - other plans | (4) | | (0.1) | | | (0.5) | | | (0.3) | | | (1.0) | | | Total before tax | | | $ | (0.3) | | | $ | (0.6) | | | $ | (0.6) | | | $ | (1.1) | | | Tax (expense) benefit | | | 0.1 | | | 0.2 | | | 0.2 | | | 0.3 | | | Net of tax | | | $ | (0.2) | | | $ | (0.4) | | | $ | (0.4) | | | $ | (0.8) | |
(1)Primarily included in food and beverage costs and restaurant expenses. See Note 9 for additional details. (2)Included in general and administrative expenses. See Note 9 for additional details. (3)Including in interest, net on our consolidated statement of earnings. (4)Included in the computation of net periodic benefit costs, which is a component of other (income) expense, net, restaurant labor expenses and general and administrative expenses.
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