2023 Q2 Form 10-K Financial Statement

#000094094423000037 Filed on July 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023
Revenue $2.769B $10.49B
YoY Change 6.38% 8.91%
Cost Of Revenue $2.167B $8.404B
YoY Change 4.94% 10.08%
Gross Profit $602.5M $2.083B
YoY Change 11.91% 9.55%
Gross Profit Margin 21.76% 19.86%
Selling, General & Admin $129.1M $504.4M
YoY Change 23.66% 8.15%
% of Gross Profit 21.43% 24.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $97.10M $387.8M
YoY Change 4.41% 5.27%
% of Gross Profit 16.12% 18.61%
Operating Expenses $226.2M $892.2M
YoY Change 14.59% 91.3%
Operating Profit $376.3M $1.191B
YoY Change 10.35% 2.5%
Interest Expense -$22.10M -$81.30M
YoY Change 16.93% -298.78%
% of Operating Profit -5.87% -6.83%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $352.4M $1.121B
YoY Change 10.37% 2.8%
Income Tax $36.80M $137.0M
% Of Pretax Income 10.44% 12.23%
Net Earnings $315.1M $981.9M
YoY Change 11.86% 3.05%
Net Earnings / Revenue 11.38% 9.36%
Basic Earnings Per Share $8.06
Diluted Earnings Per Share $2.59 $8.00
COMMON SHARES
Basic Shares Outstanding 121.1M shares 121.9M shares
Diluted Shares Outstanding 122.9M shares

Balance Sheet

Concept 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $367.8M $367.8M
YoY Change -12.55% -12.55%
Cash & Equivalents $367.8M $367.8M
Short-Term Investments
Other Short-Term Assets $261.8M $261.8M
YoY Change -37.1% -37.1%
Inventory $287.9M $287.9M
Prepaid Expenses
Receivables $80.20M $80.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $997.7M $997.7M
YoY Change -15.41% -15.41%
LONG-TERM ASSETS
Property, Plant & Equipment $7.099B $7.099B
YoY Change 4.07% 4.07%
Goodwill $1.037B
YoY Change 0.0%
Intangibles $806.3M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $301.1M $222.8M
YoY Change 3.26% 1.83%
Total Long-Term Assets $9.244B $9.244B
YoY Change 3.21% 3.21%
TOTAL ASSETS
Total Short-Term Assets $997.7M $997.7M
Total Long-Term Assets $9.244B $9.244B
Total Assets $10.24B $10.24B
YoY Change 1.04% 1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $426.2M $426.2M
YoY Change 16.16% 16.16%
Accrued Expenses $421.4M $618.8M
YoY Change -2.41% 2.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.50M $13.50M
YoY Change -18.67% -18.67%
Total Short-Term Liabilities $1.937B $1.937B
YoY Change 4.87% 4.87%
LONG-TERM LIABILITIES
Long-Term Debt $2.058B $2.058B
YoY Change 128.36% 7.18%
Other Long-Term Liabilities $3.903B $3.903B
YoY Change 216.74% -1.68%
Total Long-Term Liabilities $5.960B $5.960B
YoY Change 179.41% 1.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.937B $1.937B
Total Long-Term Liabilities $5.960B $5.960B
Total Liabilities $8.040B $8.040B
YoY Change 1.29% 1.29%
SHAREHOLDERS EQUITY
Retained Earnings -$32.50M
YoY Change 25.48%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.202B $2.202B
YoY Change
Total Liabilities & Shareholders Equity $10.24B $10.24B
YoY Change 1.04% 1.04%

Cashflow Statement

Concept 2023 Q2 2023
OPERATING ACTIVITIES
Net Income $315.1M $981.9M
YoY Change 11.86% 3.05%
Depreciation, Depletion And Amortization $97.10M $387.8M
YoY Change 4.41% 5.27%
Cash From Operating Activities $410.6M $1.546B
YoY Change 18.09% 23.05%
INVESTING ACTIVITIES
Capital Expenditures $162.9M $594.3M
YoY Change -250.0% 57.68%
Acquisitions $0.00
YoY Change
Other Investing Activities $4.000M $25.90M
YoY Change 700.0% -861.76%
Cash From Investing Activities -$158.9M -$568.4M
YoY Change 46.99% 46.12%
FINANCING ACTIVITIES
Cash Dividend Paid $589.8M
YoY Change 4.76%
Common Stock Issuance & Retirement, Net -$18.10M -$423.3M
YoY Change -141.05%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -170.4M -1.033B
YoY Change -54.48% -35.82%
NET CHANGE
Cash From Operating Activities 410.6M 1.546B
Cash From Investing Activities -158.9M -568.4M
Cash From Financing Activities -170.4M -1.033B
Net Change In Cash 81.30M -55.90M
YoY Change -160.36% -92.47%
FREE CASH FLOW
Cash From Operating Activities $410.6M $1.546B
Capital Expenditures $162.9M $594.3M
Free Cash Flow $247.7M $951.3M
YoY Change -45.72% 8.2%

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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Depreciation Depletion And Amortization
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10600000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2023 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2022 us-gaap Increase Decrease In Operating Capital
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CY2021 us-gaap Increase Decrease In Operating Capital
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CY2021 us-gaap Pension And Other Postretirement Benefit Contributions
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CY2022 dri Increase Decrease In Other Operating Capital
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7400000 usd
CY2021 dri Increase Decrease In Other Operating Capital
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CY2022 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Other Productive Assets
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Repayments Of Short Term Debt
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CY2021 us-gaap Proceeds From Short Term Debt
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CY2021 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Discontinued Operations
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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51500000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3900000 usd
CY2023 us-gaap Increase Decrease In Inventories
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17300000 usd
CY2022 us-gaap Increase Decrease In Inventories
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79800000 usd
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24500000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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22600000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
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40900000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
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43200000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
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CY2022 us-gaap Increase Decrease In Employee Related Liabilities
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4100000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
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143300000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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58500000 usd
CY2023 us-gaap Increase Decrease In Property And Other Taxes Payable
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1300000 usd
CY2022 us-gaap Increase Decrease In Property And Other Taxes Payable
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4100000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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14000000.0 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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23800000 usd
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34600000 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
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CY2023 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-175700000 usd
CY2023 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.
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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22900000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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22900000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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22900000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22900000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
1037400000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
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CY2023Q2 us-gaap Indefinite Lived Trademarks
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CY2022Q2 us-gaap Indefinite Lived Trademarks
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CY2023 us-gaap Number Of Reporting Units
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9 reportingunit
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2023 dri Revenue Recognition Gift Card Breakage Redemption Period
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P12Y
CY2023 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 forward 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 </span></div>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. 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.
CY2023 us-gaap Net Income Loss
NetIncomeLoss
981900000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
952800000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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121900000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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127800000 shares
CY2023 us-gaap Income Loss From Continuing Operations
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983500000 usd
CY2022 us-gaap Income Loss From Continuing Operations
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954700000 usd
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1000000.0 shares
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1200000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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122900000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129000000.0 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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8.07
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
7.47
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.01
CY2023 us-gaap Earnings Per Share Basic
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8.06
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.46
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
8.00
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
7.40
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.99
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.39
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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300000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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4500000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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4800000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized
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0 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0 usd
CY2023Q2 dri Contract With Customer Liability Net Of Discounts Current
ContractWithCustomerLiabilityNetOfDiscountsCurrent
512000000.0 usd
CY2022Q2 dri Contract With Customer Liability Net Of Discounts Current
ContractWithCustomerLiabilityNetOfDiscountsCurrent
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CY2023Q2 us-gaap Contract With Customer Liability Noncurrent
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CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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2400000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
6800000 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
5300000 usd
CY2023 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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15100000 usd
CY2022 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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4800000 usd
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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2100000 usd
CY2023 dri Other Asset Impairment Charges And Other Impacts
OtherAssetImpairmentChargesAndOtherImpacts
2100000 usd
CY2022 dri Other Asset Impairment Charges And Other Impacts
OtherAssetImpairmentChargesAndOtherImpacts
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CY2021 dri Other Asset Impairment Charges And Other Impacts
OtherAssetImpairmentChargesAndOtherImpacts
3400000 usd
CY2023 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
10600000 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
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CY2021 dri Number Of Tangible Assets Impaired
NumberOfTangibleAssetsImpaired
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CY2023Q2 us-gaap Land
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134000000.0 usd
CY2022Q2 us-gaap Land
Land
126200000 usd
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3655500000 usd
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3389300000 usd
CY2023Q2 us-gaap Machinery And Equipment Gross
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2094500000 usd
CY2022Q2 us-gaap Machinery And Equipment Gross
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1916900000 usd
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CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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908500000 usd
CY2023Q2 us-gaap Construction In Progress Gross
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200700000 usd
CY2022Q2 us-gaap Construction In Progress Gross
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156000000.0 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
7147100000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
6496900000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3317700000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3070500000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
104300000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
70400000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3725100000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3356000000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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10487800000 usd
CY2023 dri Restaurant And Marketing Expense
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8522700000 usd
CY2023 us-gaap Gross Profit
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1965100000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
387800000 usd
CY2023Q2 us-gaap Assets
Assets
10241500000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
564900000 usd
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 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
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
254900000 usd
CY2023 us-gaap Gross Profit
GrossProfit
1965100000 usd
CY2022 us-gaap Gross Profit
GrossProfit
1901800000 usd
CY2021 us-gaap Gross Profit
GrossProfit
1402400000 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
386100000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
373200000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
396200000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
387800000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
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368400000 usd
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CY2022 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Other Nonoperating Income Expense
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CY2022Q2 us-gaap Debt Instrument Carrying Amount
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CY2022Q2 us-gaap Hedged Liability Fair Value Hedge
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CY2022Q2 us-gaap Debt Instrument Unamortized Discount
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CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset
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CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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17700000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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2600000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2023 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2023 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2023Q2 us-gaap Long Term Debt
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CY2023Q2 us-gaap Debt Instrument Fair Value
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CY2022Q2 us-gaap Long Term Debt
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CY2022Q2 us-gaap Debt Instrument Fair Value
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CY2023Q2 dri Stock Repurchase Program Cumulative Shares Repurchased
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207700000 shares
CY2023Q2 dri Stock Repurchase Program Cumulative Shares Retired
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CY2022 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2022 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2023 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2023 us-gaap Finance Lease Interest Expense
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CY2022 us-gaap Variable Lease Cost
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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CY2023Q2 us-gaap Finance Lease Right Of Use Asset
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CY2022Q2 us-gaap Finance Lease Right Of Use Asset
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CY2023Q2 dri Lease Right Of Use Asset
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CY2022Q2 dri Lease Right Of Use Asset
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CY2022Q2 us-gaap Operating Lease Liability Current
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CY2023Q2 us-gaap Finance Lease Liability Current
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CY2022Q2 us-gaap Finance Lease Liability Current
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CY2023Q2 us-gaap Operating Lease Liability Noncurrent
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CY2023Q2 us-gaap Finance Lease Liability Noncurrent
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CY2022Q2 us-gaap Finance Lease Liability Noncurrent
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CY2023Q2 dri Lease Liability
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CY2022Q2 dri Lease Liability
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CY2023 us-gaap Operating Lease Payments
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CY2023 us-gaap Finance Lease Interest Payment On Liability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
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CY2022 us-gaap Finance Lease Principal Payments
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CY2023Q2 us-gaap Finance Lease Liability
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CY2023Q2 us-gaap Finance Lease Liability Payments Due
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2023 dri Right Of Use Asset Reclassification Of Operating Lease To Finance Lease Net
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CY2022 dri Right Of Use Asset Reclassification Of Operating Lease To Finance Lease Net
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CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.042
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
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CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
76100000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
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77500000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
383300000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
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CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
720700000 usd
CY2023Q2 us-gaap Operating Lease Liability
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CY2023Q2 dri Finance Lease Liability Payment Due Noncancelable
FinanceLeaseLiabilityPaymentDueNoncancelable
662600000 usd
CY2023Q2 dri Operating Lease Liability Lease Not Yet Commenced
OperatingLeaseLiabilityLeaseNotYetCommenced
107600000 usd
CY2023Q2 dri Operating Lease Liability Lease Not Yet Commenced Number Of Real Estates Leases
OperatingLeaseLiabilityLeaseNotYetCommencedNumberOfRealEstatesLeases
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000 usd
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
80200000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
72000000.0 usd
CY2023Q2 us-gaap Deferred Compensation Liability Current
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252400000 usd
CY2022Q2 us-gaap Deferred Compensation Liability Current
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249500000 usd
CY2023Q2 us-gaap Sales And Excise Tax Payable Current
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96800000 usd
CY2022Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
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CY2023Q2 us-gaap Accrued Insurance Current
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CY2022Q2 us-gaap Accrued Insurance Current
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CY2023Q2 us-gaap Other Employee Related Liabilities Current
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42500000 usd
CY2022Q2 us-gaap Other Employee Related Liabilities Current
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36500000 usd
CY2023Q2 us-gaap Interest Payable Current
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CY2022Q2 us-gaap Interest Payable Current
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CY2023Q2 dri Lease Liabilities Current
LeaseLiabilitiesCurrent
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CY2022Q2 dri Lease Liabilities Current
LeaseLiabilitiesCurrent
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CY2023Q2 us-gaap Other Sundry Liabilities Current
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CY2022Q2 us-gaap Other Sundry Liabilities Current
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CY2023Q2 us-gaap Other Liabilities Current
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CY2022Q2 us-gaap Other Liabilities Current
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CY2023 us-gaap Interest Expense
InterestExpense
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CY2022 us-gaap Interest Expense
InterestExpense
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CY2021 us-gaap Interest Expense
InterestExpense
47500000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2023 us-gaap Interest Costs Capitalized Adjustment
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CY2022 us-gaap Interest Costs Capitalized Adjustment
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CY2021 us-gaap Interest Costs Capitalized Adjustment
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CY2023 us-gaap Other Interest And Dividend Income
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CY2022 us-gaap Other Interest And Dividend Income
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CY2021 us-gaap Other Interest And Dividend Income
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CY2023 us-gaap Interest Income Expense Nonoperating Net
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CY2022 us-gaap Interest Income Expense Nonoperating Net
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CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
47400000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
62500000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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48200000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
29100000 usd
CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2022 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
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CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2023 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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136200000 usd
CY2022 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
138600000 usd
CY2021 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1093500000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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576500000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1090000000.00 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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