2021 Q2 Form 10-K Financial Statement

#000094094421000041 Filed on July 23, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2019
Revenue $2.279B $1.270B $8.510B
YoY Change 79.45% -43.02% 5.33%
Cost Of Revenue $1.740B $1.260B $6.673B
YoY Change 38.12% -27.12% 5.36%
Gross Profit $539.4M $10.50M $1.594B
YoY Change 5037.14% -97.9% 6.74%
Gross Profit Margin 23.67% 0.83% 18.73%
Selling, General & Admin $121.7M $118.2M $660.8M
YoY Change 2.96% -31.0% -0.2%
% of Gross Profit 22.56% 1125.71% 41.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.10M $94.40M $336.7M
YoY Change -5.61% 7.39% 7.54%
% of Gross Profit 16.52% 899.05% 21.13%
Operating Expenses $210.8M $212.6M $660.8M
YoY Change -0.85% -17.98% -0.2%
Operating Profit $328.6M -$202.1M $832.5M
YoY Change -262.59% -183.69% 8.57%
Interest Expense -$17.10M -$19.90M $44.30M
YoY Change -14.07% 268.52% -70.93%
% of Operating Profit -5.2% 5.32%
Other Income/Expense, Net -$300.0K $100.0K $0.00
YoY Change -400.0%
Pretax Income $306.0M -$610.3M $780.7M
YoY Change -150.14% -380.08% 29.53%
Income Tax -$63.00M -$130.6M $63.70M
% Of Pretax Income -20.59% 8.16%
Net Earnings $368.5M -$480.0M $713.4M
YoY Change -176.77% -330.77% 19.7%
Net Earnings / Revenue 16.17% -37.79% 8.38%
Basic Earnings Per Share $5.78
Diluted Earnings Per Share $2.777M -$3.855M $5.69
COMMON SHARES
Basic Shares Outstanding 130.8M shares 129.9M shares 123.5M shares
Diluted Shares Outstanding 125.4M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.215B $763.0M $457.3M
YoY Change 59.2% 66.96% 211.3%
Cash & Equivalents $1.215B $763.3M $457.3M
Short-Term Investments
Other Short-Term Assets $397.4M $81.00M $139.8M
YoY Change 390.62% -42.14% 18.78%
Inventory $190.8M $206.9M $207.3M
Prepaid Expenses
Receivables $68.20M $50.00M $88.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.871B $1.101B $892.6M
YoY Change 69.88% 23.39% 61.24%
LONG-TERM ASSETS
Property, Plant & Equipment $6.646B $2.757B $2.553B
YoY Change 141.05% 8.0% 5.05%
Goodwill $1.037B $1.037B
YoY Change 0.0% -12.36%
Intangibles $806.3M $805.9M
YoY Change 0.05% -15.24%
Long-Term Investments
YoY Change
Other Assets $295.7M $275.3M $238.4M
YoY Change 7.41% -12.07% -12.8%
Total Long-Term Assets $8.785B $8.845B $5.000B
YoY Change -0.67% 76.89% 1.71%
TOTAL ASSETS
Total Short-Term Assets $1.871B $1.101B $892.6M
Total Long-Term Assets $8.785B $8.845B $5.000B
Total Assets $10.66B $9.946B $5.893B
YoY Change 7.14% 68.78% 7.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $304.5M $249.4M $332.6M
YoY Change 22.09% -25.02% 20.07%
Accrued Expenses $414.7M $354.0M $392.9M
YoY Change 17.15% 53.91% -0.36%
Deferred Revenue $474.2M $467.9M
YoY Change 1.35% 9.19%
Short-Term Debt $0.00 $270.0M $0.00
YoY Change -100.0%
Long-Term Debt Due $7.300M $6.000M
YoY Change 21.67%
Total Short-Term Liabilities $1.848B $1.793B $1.474B
YoY Change 3.1% 21.62% 6.47%
LONG-TERM LIABILITIES
Long-Term Debt $929.8M $928.8M $927.7M
YoY Change 0.11% 0.12% 0.13%
Other Long-Term Liabilities $754.8M $560.9M $941.5M
YoY Change 34.57% -4.46% 10.79%
Total Long-Term Liabilities $1.685B $1.490B $1.869B
YoY Change 13.08% -1.66% 5.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.848B $1.793B $1.474B
Total Long-Term Liabilities $1.685B $1.490B $1.869B
Total Liabilities $7.843B $7.615B $3.500B
YoY Change 3.0% 117.56% 6.88%
SHAREHOLDERS EQUITY
Retained Earnings $522.3M $143.5M
YoY Change 263.97% -82.21%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.813B $2.331B $2.393B
YoY Change
Total Liabilities & Shareholders Equity $10.66B $9.946B $5.893B
YoY Change 7.14% 68.78% 7.74%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2019
OPERATING ACTIVITIES
Net Income $368.5M -$480.0M $713.4M
YoY Change -176.77% -330.77% 19.7%
Depreciation, Depletion And Amortization $89.10M $94.40M $336.7M
YoY Change -5.61% 7.39% 7.54%
Cash From Operating Activities $446.5M -$208.6M $1.257B
YoY Change -314.05% -159.99% 25.56%
INVESTING ACTIVITIES
Capital Expenditures -$82.40M -$93.10M $452.0M
YoY Change -11.49% -18.05% 14.14%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $100.0K -$3.500M -$2.100M
YoY Change -102.86% -600.0% -56.25%
Cash From Investing Activities -$82.30M -$96.60M -$462.6M
YoY Change -14.8% -14.44% 2.59%
FINANCING ACTIVITIES
Cash Dividend Paid $370.8M
YoY Change 18.28%
Common Stock Issuance & Retirement, Net $148.2M
YoY Change -24.77%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -143.4M 746.8M -$484.2M
YoY Change -119.2% -1028.86% -23.94%
NET CHANGE
Cash From Operating Activities 446.5M -208.6M 1.257B
Cash From Investing Activities -82.30M -96.60M -$462.6M
Cash From Financing Activities -143.4M 746.8M -$484.2M
Net Change In Cash 220.8M 441.6M $310.4M
YoY Change -50.0% 186.01% -460.09%
FREE CASH FLOW
Cash From Operating Activities $446.5M -$208.6M $1.257B
Capital Expenditures -$82.40M -$93.10M $452.0M
Free Cash Flow $528.9M -$115.5M $805.2M
YoY Change -557.92% -125.04% 33.02%

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CY2019 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Fiscal Period
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Fiscal Year We operate on a 52/53-week fiscal year, which ends on the last Sunday in May. Fiscal 2021, which ended May 30, 2021, consisted of 52 weeks. Fiscal 2020, which ended May 31, 2020, consisted of 53 weeks and fiscal 2019, which ended May 26, 2019, consisted of 52 weeks.
CY2021 us-gaap Use Of Estimates
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Use of Estimates We prepare our consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP). The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates.
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q2 us-gaap Capitalized Computer Software Net
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51600000 USD
CY2020Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
68200000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23800000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23800000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6400000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15300000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
21000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17400000 USD
CY2021Q2 dri Definitelivedintangibleliabilitiesgross
Definitelivedintangibleliabilitiesgross
3000000.0 USD
CY2020Q2 dri Definitelivedintangibleliabilitiesgross
Definitelivedintangibleliabilitiesgross
3000000.0 USD
CY2021Q2 dri Definitelivedintangibleliabilitiesaccumulatedamortization
Definitelivedintangibleliabilitiesaccumulatedamortization
1200000 USD
CY2020Q2 dri Definitelivedintangibleliabilitiesaccumulatedamortization
Definitelivedintangibleliabilitiesaccumulatedamortization
900000 USD
CY2021Q2 dri Definitelivedintangibleliabilitiesnetofaccumulatedamortization
Definitelivedintangibleliabilitiesnetofaccumulatedamortization
1800000 USD
CY2020Q2 dri Definitelivedintangibleliabilitiesnetofaccumulatedamortization
Definitelivedintangibleliabilitiesnetofaccumulatedamortization
2100000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
25400000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
25700000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
26700000 USD
CY2021 dri Amortization Expenses Other Definite Lived Intangibles
AmortizationExpensesOtherDefiniteLivedIntangibles
2000000.0 USD
CY2020 dri Amortization Expenses Other Definite Lived Intangibles
AmortizationExpensesOtherDefiniteLivedIntangibles
3400000 USD
CY2019 dri Amortization Expenses Other Definite Lived Intangibles
AmortizationExpensesOtherDefiniteLivedIntangibles
1200000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
21000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
21000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21000000.0 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21000000.0 USD
CY2021Q2 us-gaap Goodwill
Goodwill
1037400000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
1037400000 USD
CY2021Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
806300000 USD
CY2020Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
805900000 USD
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
8 reporting_unit
CY2021 dri Revenue Recognition Gift Card Breakage Redemption Period
RevenueRecognitionGiftCardBreakageRedemptionPeriod
P12Y
CY2021 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative Instruments and Hedging Activities </span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments as required by FASB ASC Topic 815, Derivatives and Hedging, and those utilized as economic hedges. We use financial and commodities derivatives to manage interest rate, compensation and commodities pricing risks inherent in our business operations. Our use of derivative instruments is currently limited to interest rate hedges, equity forwards contracts and commodity swaps. These instruments are generally structured as hedges of the variability of cash flows related to forecasted transactions (cash flow hedges). However, we do at times enter into instruments designated as fair value hedges to reduce our exposure to changes in fair value of the related hedged item. We do not enter into derivative instruments for trading or speculative purposes, where changes in the cash flows or fair value of the derivative are not expected to offset changes in cash flows or fair value of the hedged item. However, we have entered into equity forwards to economically hedge changes in the fair value of employee investments in our non-qualified deferred compensation plan. All derivatives are recognized on the balance sheet at fair value. For those derivative instruments for which we intend to elect hedge accounting, on the date the derivative contract is entered into, we document all relationships between hedging instruments and hedged items, as well as our risk-management objective and strategy for undertaking the various hedge transactions. This process includes linking all derivatives designated as cash flow hedges to specific assets and liabilities on the consolidated balance sheet or to specific forecasted transactions. We also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items. </span></div>To the extent our derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the cash flow hedge accounting criteria required by FASB ASC Topic 815, changes in the derivatives’ fair value are not included in current earnings but are included in accumulated other comprehensive income (loss), net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. Ineffectiveness measured in the hedging relationship is recorded currently in earnings in the period in which it occurs. To the extent our derivatives are effective in mitigating changes in fair value, and otherwise meet the fair value hedge accounting criteria required by FASB ASC Topic 815, gains and losses in the derivatives’ fair value are included in current earnings, as are the gains and losses of the related hedged item. To the extent the hedge accounting criteria are not met, the derivative contracts are utilized as economic hedges, and changes in the fair value of such contracts are recorded currently in earnings in the period in which they occur. Cash flows related to derivatives are included in operating activities. See Note 7 for additional information.
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
632400000 USD
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-49200000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
718600000 USD
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3100000 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3200000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-5200000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
629300000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-52400000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
713400000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130400000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122700000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123500000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131800000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122700000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125400000 shares
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.85
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.40
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.82
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.03
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.83
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.78
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.80
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.40
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.73
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.03
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.77
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.69
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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700000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2000000.0 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
5200000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
4500000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
600000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-200000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1000000.0 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
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474200000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
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467900000 USD
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
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2200000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
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2800000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
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5300000 USD
CY2020 us-gaap Tangible Asset Impairment Charges
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51200000 USD
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
19500000 USD
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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2100000 USD
CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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2400000 USD
CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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700000 USD
CY2021 us-gaap Other Asset Impairment Charges
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3400000 USD
CY2020 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
172200000 USD
CY2019 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
200000 USD
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-6600000 USD
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-221000000.0 USD
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-19000000.0 USD
CY2021 dri Numberof Underperforming Restaurants Closed
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4 restaurant
CY2020 dri Numberof Underperforming Restaurants Closed
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11 restaurant
CY2020 dri Numberof Restaurants Project Cash Flows Insufficientto Cover Carrying Value
NumberofRestaurantsProjectCashFlowsInsufficienttoCoverCarryingValue
9 restaurant
CY2021Q2 us-gaap Land
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122700000 USD
CY2020Q2 us-gaap Land
Land
126500000 USD
CY2021Q2 us-gaap Buildings And Improvements Gross
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3214600000 USD
CY2020Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3082200000 USD
CY2021Q2 us-gaap Machinery And Equipment Gross
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1794600000 USD
CY2020Q2 us-gaap Machinery And Equipment Gross
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1756300000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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455900000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
278000000.0 USD
CY2021Q2 us-gaap Construction In Progress Gross
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125200000 USD
CY2020Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
154800000 USD
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
5713000000.0 USD
CY2020Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
5397800000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2793400000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2598000000.0 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
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50400000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
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42900000 USD
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2869200000 USD
CY2020Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2756900000 USD
CY2021 us-gaap Number Of Reportable Segments
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4 segment
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7196100000 USD
CY2021 dri Restaurantand Marketing Expense
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5793700000 USD
CY2021 us-gaap Gross Profit
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1402400000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
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350900000 USD
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-6600000 USD
CY2021Q2 us-gaap Assets
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10656100000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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254900000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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7806900000 USD
CY2020 dri Restaurantand Marketing Expense
RestaurantandMarketingExpense
6636500000 USD
CY2020Q2 us-gaap Hedged Liability Fair Value Hedge
HedgedLiabilityFairValueHedge
0 USD
CY2020 us-gaap Gross Profit
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1170400000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
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355900000 USD
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-221000000.0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
169200000 USD
CY2020Q2 us-gaap Assets
Assets
9946100000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
459900000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8510400000 USD
CY2019 dri Restaurantand Marketing Expense
RestaurantandMarketingExpense
6916700000 USD
CY2019 us-gaap Gross Profit
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1593700000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
336700000 USD
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-19000000.0 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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452000000.0 USD
CY2021 us-gaap Gross Profit
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1402400000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
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-50200000 USD
CY2021 us-gaap Other Nonoperating Income Expense
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-8700000 USD
CY2020 us-gaap Other Nonoperating Income Expense
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-151600000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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576500000 USD
CY2020 us-gaap Gross Profit
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1170400000 USD
CY2019 us-gaap Gross Profit
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1593700000 USD
CY2021 us-gaap General And Administrative Expense
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396200000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
376400000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
405500000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
350900000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
355900000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
336700000 USD
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-6600000 USD
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-221000000.0 USD
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-19000000.0 USD
CY2021 us-gaap Goodwill Impairment Loss
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0 USD
CY2020 us-gaap Goodwill Impairment Loss
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169200000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
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-63500000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
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-57300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-161000000.0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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782300000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
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939100000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
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939100000 USD
CY2021Q2 us-gaap Hedged Liability Fair Value Hedge
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200000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
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9100000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10300000 USD
CY2021Q2 us-gaap Long Term Debt
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929800000 USD
CY2020Q2 us-gaap Long Term Debt
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928800000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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939100000 USD
CY2021 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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100000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset
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3000000.0 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
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6500000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability
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200000 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2100000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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17700000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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-19200000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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11000000.0 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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800000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
5500000 USD
CY2021 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-200000 USD
CY2020 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
0 USD
CY2019 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
0 USD
CY2021 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
200000 USD
CY2020 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
0 USD
CY2019 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
0 USD
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
32800000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-12000000.0 USD
CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
25800000 USD
CY2021 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
300000 USD
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
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500000000.0 USD
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196600000 shares
CY2021Q2 dri Stock Repurchase Program Cumulative Shares Retired
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CY2020 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2021 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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22000000.0 USD
CY2021 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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200000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
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CY2020 us-gaap Operating Lease Cost
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2021 us-gaap Finance Lease Interest Expense
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20900000 USD
CY2020 us-gaap Finance Lease Interest Expense
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15900000 USD
CY2021 us-gaap Variable Lease Cost
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6900000 USD
CY2020 us-gaap Variable Lease Cost
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5400000 USD
CY2021 us-gaap Lease Cost
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CY2020 us-gaap Lease Cost
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433400000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3776400000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2021Q2 dri Lease Rightof Use Asset
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CY2020Q2 dri Lease Rightof Use Asset
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CY2020Q2 us-gaap Operating Lease Liability Current
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CY2021Q2 us-gaap Finance Lease Liability Current
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7300000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
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5700000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
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CY2020Q2 us-gaap Operating Lease Liability Noncurrent
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4276300000 USD
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
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CY2020Q2 us-gaap Finance Lease Liability Noncurrent
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368400000 USD
CY2021Q2 dri Lease Liability
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CY2020Q2 dri Lease Liability
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CY2020 us-gaap Operating Lease Payments
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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20900000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
15900000 USD
CY2021 us-gaap Finance Lease Principal Payments
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CY2020 us-gaap Finance Lease Principal Payments
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5200000 USD
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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196400000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P16Y2M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P16Y10M24D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P21Y9M18D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P20Y7M6D
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OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.042
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.048
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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384200000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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36300000 USD
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CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Two
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CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Three
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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393100000 USD
CY2021Q2 us-gaap Finance Lease Liability Payments Due Year Four
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38600000 USD
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43100000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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395000000.0 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Five
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2021Q2 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q2 us-gaap Finance Lease Liability Payments Due
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904500000 USD
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1848400000 USD
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341900000 USD
CY2021Q2 us-gaap Operating Lease Liability
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CY2021Q2 us-gaap Finance Lease Liability
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562600000 USD
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CY2021Q2 us-gaap Finance Lease Liability Payments Due
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904500000 USD
CY2021Q2 dri Lessee Operating Lease Liability Payments Due Noncancelable
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2723700000 USD
CY2021Q2 dri Finance Lease Liability Payment Due Noncancelable
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407700000 USD
CY2021Q2 dri Operating Lease Liability Lease Notyet Commenced
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111500000 USD
CY2021Q2 dri Operating Lease Liability Lease Notyet Commenced Numberof Real Estates Leases
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29 lease
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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1200000 USD
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CY2020Q2 us-gaap Accounts Receivable Net
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CY2020Q2 us-gaap Deferred Compensation Liability Current
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73900000 USD
CY2020Q2 us-gaap Sales And Excise Tax Payable Current
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50400000 USD
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CY2020Q2 us-gaap Other Employee Related Liabilities Current
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42200000 USD
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9700000 USD
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9700000 USD
CY2021Q2 dri Lease Liabilities Current
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CY2020Q2 dri Lease Liabilities Current
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166300000 USD
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160600000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Current
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51700000 USD
CY2021Q2 us-gaap Other Liabilities Current
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CY2020Q2 us-gaap Other Liabilities Current
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CY2020 us-gaap Interest Expense
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CY2019 us-gaap Interest Expense
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CY2020 us-gaap Finance Lease Interest Expense
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3200000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
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3000000.0 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
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2200000 USD
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CY2020 us-gaap Other Interest And Dividend Income
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CY2019 us-gaap Other Interest And Dividend Income
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CY2020 us-gaap Interest Income Expense Nonoperating Net
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CY2019 us-gaap Interest Income Expense Nonoperating Net
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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62500000 USD
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CY2020 us-gaap Income Taxes Paid Net
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300000 USD
CY2019 us-gaap Income Taxes Paid Net
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23700000 USD
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CY2020 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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23200000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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38300000 USD
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CY2020 dri Deferred Social Security Taxes Employer Paid
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24800000 USD
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CY2021 dri Employee Retention Tax Credits
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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63700000 USD
CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2019 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2021 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2020 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2019 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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575100000 USD
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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1400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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576500000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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782300000 USD
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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49200000 USD
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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576500000 USD
CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0
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CY2020 dri Effective Income Tax Rate Reconciliation Federal Net Operating Loss Amount
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CY2019 dri Effective Income Tax Rate Reconciliation Federal Net Operating Loss Amount
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q2 us-gaap Unrecognized Tax Benefits
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35900000 USD
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35900000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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18000000.0 USD
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21600000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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3600000 USD
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30000000.0 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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900000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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2500000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2021Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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2300000 USD
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65400000 USD
CY2020Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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