2022 Q2 Form 10-K Financial Statement

#000094094422000042 Filed on July 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 2021 Q2
Revenue $2.603B $9.630B $2.279B
YoY Change 14.2% 33.82% 79.45%
Cost Of Revenue $2.065B $7.635B $1.740B
YoY Change 18.66% 33.89% 38.12%
Gross Profit $538.4M $1.902B $539.4M
YoY Change -0.19% 35.61% 5037.14%
Gross Profit Margin 20.68% 19.75% 23.67%
Selling, General & Admin $104.4M $466.4M $121.7M
YoY Change -14.22% -4.29% 2.96%
% of Gross Profit 19.39% 24.52% 22.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.00M $368.4M $89.10M
YoY Change 4.38% 4.99% -5.61%
% of Gross Profit 17.27% 19.37% 16.52%
Operating Expenses $197.4M $466.4M $210.8M
YoY Change -6.36% -4.29% -0.85%
Operating Profit $341.0M $1.162B $328.6M
YoY Change 3.77% 79.16% -262.59%
Interest Expense -$18.90M $40.90M -$17.10M
YoY Change 10.53% -13.89% -14.07%
% of Operating Profit -5.54% 3.52% -5.2%
Other Income/Expense, Net $700.0K $0.00 -$300.0K
YoY Change -333.33% -100.0% -400.0%
Pretax Income $319.3M $1.090B $306.0M
YoY Change 4.35% 89.07% -150.14%
Income Tax $37.60M $138.8M -$63.00M
% Of Pretax Income 11.78% 12.73% -20.59%
Net Earnings $281.7M $952.8M $368.5M
YoY Change -23.55% 51.41% -176.77%
Net Earnings / Revenue 10.82% 9.89% 16.17%
Basic Earnings Per Share $7.46
Diluted Earnings Per Share $2.241M $7.39 $2.777M
COMMON SHARES
Basic Shares Outstanding 123.9M shares 127.8M shares 130.8M shares
Diluted Shares Outstanding 129.0M shares

Balance Sheet

Concept 2022 Q2 2022 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $420.6M $420.6M $1.215B
YoY Change -65.37% -65.37% 59.2%
Cash & Equivalents $420.6M $420.6M $1.215B
Short-Term Investments
Other Short-Term Assets $416.2M $416.2M $397.4M
YoY Change 4.73% 4.73% 390.62%
Inventory $270.6M $270.6M $190.8M
Prepaid Expenses
Receivables $72.00M $72.00M $68.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.179B $1.179B $1.871B
YoY Change -36.97% -36.97% 69.88%
LONG-TERM ASSETS
Property, Plant & Equipment $6.821B $6.821B $6.646B
YoY Change 2.64% 2.64% 141.05%
Goodwill $1.037B $1.037B
YoY Change 0.0% 0.0%
Intangibles $806.3M $806.3M
YoY Change 0.0% 0.05%
Long-Term Investments
YoY Change
Other Assets $291.6M $218.8M $295.7M
YoY Change -1.39% -4.37% 7.41%
Total Long-Term Assets $8.956B $8.956B $8.785B
YoY Change 1.95% 1.95% -0.67%
TOTAL ASSETS
Total Short-Term Assets $1.179B $1.179B $1.871B
Total Long-Term Assets $8.956B $8.956B $8.785B
Total Assets $10.14B $10.14B $10.66B
YoY Change -4.88% -4.88% 7.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $366.9M $366.9M $304.5M
YoY Change 20.49% 20.49% 22.09%
Accrued Expenses $431.8M $603.4M $414.7M
YoY Change 4.12% 1.24% 17.15%
Deferred Revenue $474.2M
YoY Change 1.35%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $16.60M $16.60M $7.300M
YoY Change 127.4% 127.4% 21.67%
Total Short-Term Liabilities $1.848B $1.848B $1.848B
YoY Change -0.04% -0.04% 3.1%
LONG-TERM LIABILITIES
Long-Term Debt $901.0M $1.920B $929.8M
YoY Change -3.1% 29.26% 0.11%
Other Long-Term Liabilities $1.232B $3.969B $754.8M
YoY Change 63.25% -7.43% 34.57%
Total Long-Term Liabilities $2.133B $5.889B $1.685B
YoY Change 26.63% 2.01% 13.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.848B $1.848B $1.848B
Total Long-Term Liabilities $2.133B $5.889B $1.685B
Total Liabilities $7.938B $7.938B $7.843B
YoY Change 1.21% 1.21% 3.0%
SHAREHOLDERS EQUITY
Retained Earnings -$25.90M $522.3M
YoY Change -104.96% 263.97%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.198B $2.198B $2.813B
YoY Change
Total Liabilities & Shareholders Equity $10.14B $10.14B $10.66B
YoY Change -4.88% -4.88% 7.14%

Cashflow Statement

Concept 2022 Q2 2022 2021 Q2
OPERATING ACTIVITIES
Net Income $281.7M $952.8M $368.5M
YoY Change -23.55% 51.41% -176.77%
Depreciation, Depletion And Amortization $93.00M $368.4M $89.10M
YoY Change 4.38% 4.99% -5.61%
Cash From Operating Activities $347.7M $1.256B $446.5M
YoY Change -22.13% 5.2% -314.05%
INVESTING ACTIVITIES
Capital Expenditures -$108.6M $376.9M -$82.40M
YoY Change 31.8% 47.86% -11.49%
Acquisitions $0.00
YoY Change
Other Investing Activities $500.0K -$3.400M $100.0K
YoY Change 400.0% 183.33% -102.86%
Cash From Investing Activities -$108.1M -$389.0M -$82.30M
YoY Change 31.35% 47.52% -14.8%
FINANCING ACTIVITIES
Cash Dividend Paid $563.0M
YoY Change 177.89%
Common Stock Issuance & Retirement, Net $1.031B
YoY Change -128987.5%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -374.3M -$1.610B -143.4M
YoY Change 161.02% 236.12% -119.2%
NET CHANGE
Cash From Operating Activities 347.7M 1.256B 446.5M
Cash From Investing Activities -108.1M -$389.0M -82.30M
Cash From Financing Activities -374.3M -$1.610B -143.4M
Net Change In Cash -134.7M -$742.6M 220.8M
YoY Change -161.01% -264.51% -50.0%
FREE CASH FLOW
Cash From Operating Activities $347.7M $1.256B $446.5M
Capital Expenditures -$108.6M $376.9M -$82.40M
Free Cash Flow $456.3M $879.2M $528.9M
YoY Change -13.73% -6.38% -557.92%

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CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-124100000 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
162800000 usd
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-22800000 usd
CY2022 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
96700000 usd
CY2021 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
25900000 usd
CY2020 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
73300000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2600000 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2400000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Unless otherwise noted, amounts and disclosures throughout these notes to consolidated financial statements relate to our continuing operations. We have reclassified certain amounts in prior-period financial statements to conform to the current period’s presentation.
CY2022 us-gaap Fiscal Period
FiscalPeriod
Fiscal Year We operate on a 52/53-week fiscal year, which ends on the last Sunday in May. Fiscal 2022, which ended May 29, 2022, consisted of 52 weeks. Fiscal 2021, which ended May 30, 2021, consisted of 52 weeks and fiscal 2020, which ended May 31, 2020, consisted of 53 weeks.
CY2022 us-gaap Use Of Estimates
UseOfEstimates
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.
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
420600000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1214700000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
51500000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2100000 usd
CY2022Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
250200000 usd
CY2021Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
227100000 usd
CY2022Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
190700000 usd
CY2021Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
175500000 usd
CY2022Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
59500000 usd
CY2021Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
51600000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23800000 usd
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23800000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10500000 usd
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8500000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13300000 usd
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15300000 usd
CY2022Q2 dri Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
3000000.0 usd
CY2021Q2 dri Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
3000000.0 usd
CY2022Q2 dri Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
1500000 usd
CY2021Q2 dri Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
1200000 usd
CY2022Q2 dri Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
1500000 usd
CY2021Q2 dri Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
1800000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
19700000 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
25400000 usd
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
25700000 usd
CY2022 dri Amortization Expenses Other Finite Lived Intangibles
AmortizationExpensesOtherFiniteLivedIntangibles
2000000.0 usd
CY2021 dri Amortization Expenses Other Finite Lived Intangibles
AmortizationExpensesOtherFiniteLivedIntangibles
2000000.0 usd
CY2020 dri Amortization Expenses Other Finite Lived Intangibles
AmortizationExpensesOtherFiniteLivedIntangibles
3400000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
22000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
22000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22000000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
954700000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
1037400000 usd
CY2021Q2 us-gaap Goodwill
Goodwill
1037400000 usd
CY2022Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
806300000 usd
CY2021Q2 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
806300000 usd
CY2022 dri Revenue Recognition Gift Card Breakage Redemption Period
RevenueRecognitionGiftCardBreakageRedemptionPeriod
P12Y
CY2022 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.
CY2022 us-gaap Net Income Loss
NetIncomeLoss
952800000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-52400000 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
632400000 usd
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-49200000 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1900000 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
CY2021 us-gaap Net Income Loss
NetIncomeLoss
629300000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127800000 shares
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
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1200000 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
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129000000.0 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
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
7.47
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
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
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
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.46
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.83
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
7.40
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
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
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
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.39
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.77
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000000.0 shares
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
4800000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
5200000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0 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
CY2022 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
4800000 usd
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
2100000 usd
CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
2400000 usd
CY2022Q2 dri Contract With Customer Liability Net Of Discounts Current
ContractWithCustomerLiabilityNetOfDiscountsCurrent
498000000.0 usd
CY2021Q2 dri Contract With Customer Liability Net Of Discounts Current
ContractWithCustomerLiabilityNetOfDiscountsCurrent
474200000 usd
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2800000 usd
CY2021Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2200000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6800000 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
5300000 usd
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
51200000 usd
CY2022 dri Other Asset Impairment Charges And Other Impacts
OtherAssetImpairmentChargesAndOtherImpacts
-4000000.0 usd
CY2021 dri Other Asset Impairment Charges And Other Impacts
OtherAssetImpairmentChargesAndOtherImpacts
3400000 usd
CY2020 dri Other Asset Impairment Charges And Other Impacts
OtherAssetImpairmentChargesAndOtherImpacts
172200000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
2000000.0 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-6600000 usd
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-221000000.0 usd
CY2022 dri Number Of Underperforming Restaurants Projected Cash Flows Insufficient To Cover Carrying Value
NumberOfUnderperformingRestaurantsProjectedCashFlowsInsufficientToCoverCarryingValue
1 restaurant
CY2022 dri Number Of Underperforming Restaurants Closed
NumberOfUnderperformingRestaurantsClosed
2 restaurant
CY2021 dri Number Of Underperforming Restaurants
NumberOfUnderperformingRestaurants
4 restaurant
CY2020 dri Number Of Underperforming Restaurants Closed
NumberOfUnderperformingRestaurantsClosed
11 restaurant
CY2020 dri Number Of Underperforming Restaurants Projected Cash Flows Insufficient To Cover Carrying Value
NumberOfUnderperformingRestaurantsProjectedCashFlowsInsufficientToCoverCarryingValue
9 restaurant
CY2022Q2 us-gaap Land
Land
126200000 usd
CY2021Q2 us-gaap Land
Land
122700000 usd
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3389300000 usd
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3214600000 usd
CY2022Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1916900000 usd
CY2021Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1794600000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
908500000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
455900000 usd
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
156000000.0 usd
CY2021Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
125200000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
6496900000 usd
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
5713000000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3070500000 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2793400000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
70400000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
50400000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3356000000 usd
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2869200000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9630000000 usd
CY2022 dri Restaurant And Marketing Expense
RestaurantAndMarketingExpense
7728200000 usd
CY2022 us-gaap Gross Profit
GrossProfit
1901800000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
368400000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
2000000.0 usd
CY2022Q2 us-gaap Assets
Assets
10135800000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
376900000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7196100000 usd
CY2021 dri Restaurant And Marketing Expense
RestaurantAndMarketingExpense
5793700000 usd
CY2021 us-gaap Gross Profit
GrossProfit
1402400000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
350900000 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-6600000 usd
CY2021Q2 us-gaap Assets
Assets
10656100000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
254900000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7806900000 usd
CY2020 dri Restaurant And Marketing Expense
RestaurantAndMarketingExpense
6636500000 usd
CY2020 us-gaap Gross Profit
GrossProfit
1170400000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
355900000 usd
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-221000000.0 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
169200000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
459900000 usd
CY2022 us-gaap Gross Profit
GrossProfit
1901800000 usd
CY2021 us-gaap Gross Profit
GrossProfit
1402400000 usd
CY2020 us-gaap Gross Profit
GrossProfit
1170400000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
373200000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
396200000 usd
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
376400000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
368400000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
350900000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
355900000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
2000000.0 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-6600000 usd
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-221000000.0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
169200000 usd
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-68700000 usd
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-63500000 usd
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-57300000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8700000 usd
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-151600000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1093500000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
576500000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-161000000.0 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
939100000 usd
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
939100000 usd
CY2022Q2 us-gaap Hedged Liability Fair Value Hedge
HedgedLiabilityFairValueHedge
28000000.0 usd
CY2021Q2 us-gaap Hedged Liability Fair Value Hedge
HedgedLiabilityFairValueHedge
200000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10100000 usd
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
9100000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
901000000.0 usd
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
929800000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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