Other (in shares)

  
DARDEN RESTAURANTS, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(In millions, except per share data) 

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|  | Common Stock And Surplus |  |  |  |  |  |  |  |  |  |  |
|  | Shares | Amount |  | Retained Earnings (Deficit) |  |  |  |  | Accumulated Other Comprehensive Income (Loss) |  | Unearned Compensation |  | Total Stockholders’ Equity |
| Balances at May 26, 2019 | 123.1  |  | $ | 1,685.0  |  |  | $ | 806.6  |  |  |  |  |  | $ | (98.2) |  |  | $ | (0.8) |  |  | $ | 2,392.6  |  |
| Net earnings | —  |  | —  |  |  | (52.4) |  |  |  |  |  | —  |  |  | —  |  |  | (52.4) |  |
| Other comprehensive income | —  |  | —  |  |  | —  |  |  |  |  |  | 80.6  |  |  | —  |  |  | 80.6  |  |
| Dividends declared ($2.64 per share) | —  |  | —  |  |  | (325.1) |  |  |  |  |  | —  |  |  | —  |  |  | (325.1) |  |
| Stock option exercises | 0.3  |  | 12.4  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 12.4  |  |
| Stock-based compensation | —  |  | 33.4  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 33.4  |  |
| Repurchases of common stock | (2.9) |  | (40.9) |  |  | (289.4) |  |  |  |  |  | —  |  |  | —  |  |  | (330.3) |  |
| Issuance of stock under Employee Stock Purchase Plan and other plans | 0.4  |  | 8.4  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 8.4  |  |
| Stock issuance - Public Offering | 9.0  |  | 505.1  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 505.1  |  |
| Other | —  |  | 1.9  |  |  | 3.8  |  |  |  |  |  | —  |  |  | 0.8  |  |  | 6.5  |  |
| Balances at May 31, 2020 | 129.9 | $ | 2,205.3  |  |  | $ | 143.5  |  |  |  |  |  | $ | (17.6) |  |  | $ | —  |  |  | $ | 2,331.2  |  |
| Net earnings | —  |  | —  |  |  | 629.3  |  |  |  |  |  | —  |  |  | —  |  |  | 629.3  |  |
| Other comprehensive income | —  |  | —  |  |  | —  |  |  |  |  |  | 21.8  |  |  | —  |  |  | 21.8  |  |
| Dividends declared ($1.55 per share) | —  |  | —  |  |  | (203.9) |  |  |  |  |  | —  |  |  | —  |  |  | (203.9) |  |
| Stock option exercises | 0.7  |  | 36.6  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 36.6  |  |
| Stock-based compensation | —  |  | 39.8  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 39.8  |  |
| Repurchases of common stock | (0.4) |  | (6.3) |  |  | (39.1) |  |  |  |  |  | —  |  |  | —  |  |  | (45.4) |  |
| Issuance of stock under Employee Stock Purchase Plan and other plans | 0.6  |  | 9.6  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 9.6  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other | —  |  | 1.6  |  |  | (7.5) |  |  |  |  |  | —  |  |  | —  |  |  | (5.9) |  |
| Balances at May 30, 2021 | 130.8 | $ | 2,286.6  |  |  | $ | 522.3  |  |  |  |  |  | $ | 4.2  |  |  | $ | —  |  |  | $ | 2,813.1  |  |
| Net earnings | — | —  |  |  | 952.8  |  |  |  |  |  | —  |  |  | —  |  |  | 952.8  |  |
| Other comprehensive income | — | —  |  |  | —  |  |  |  |  |  | (6.1) |  |  | —  |  |  | (6.1) |  |
| Dividends declared ($4.40 per share) | — | —  |  |  | (565.4) |  |  |  |  |  | —  |  |  | —  |  |  | (565.4) |  |
| Stock option exercises | 0.5  |  | 29.7  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 29.7  |  |
| Stock-based compensation | — | 33.6  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 33.6  |  |
| Repurchases of common stock | (7.6) |  | (135.7) |  |  | (935.6) |  |  |  |  |  | —  |  |  | —  |  |  | (1,071.3) |  |
| Issuance of stock under Employee Stock Purchase Plan and other plans | 0.1  |  | 10.5  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 10.5  |  |
| Other | 0.1  |  | 1.3  |  |  | —  |  |  |  |  |  | —  |  |  | —  |  |  | 1.3  |  |
| Balances at May 29, 2022 | 123.9 | $ | 2,226.0  |  |  | $ | (25.9) |  |  |  |  |  | $ | (1.9) |  |  | $ | —  |  |  | $ | 2,198.2  |  |
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See accompanying notes to consolidated financial statements. 46
