Share-Based Compensation (Tables)

3 Months Ended

May 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share Based Payment Award Performance Units Valuation Assumptions

The Monte Carlo simulation was computed using the following assumptions:

	2026 PSUs		2025 PSUs		2024 PSUs
					Tranche 3		Tranche 2		Tranche 1
Risk-free interest rate (1)	3.8	%	4.7	%	4.0	%	4.9	%	3.7	%
Expected term	3 years		3 years		1 year		2 years		3 years
Estimated volatility (2)	39.9	%	38.5	%	36.0	%	42.4	%	44.1	%

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(1)Based on the U.S. Government bond benchmark on the grant date.

(2)Represents the historical price volatility of our Class A Common Stock for the period prior to the grant date which is equivalent to the expected term of the tranche or award.

Schedule of Compensation Costs by Plan for Share-based Payment Arrangements

The total PSU expense and associated tax benefit recorded for the three months ended May 30, 2025 and May 24, 2024 are as follows:

	Three Months Ended
Performance Units	May 30, 2025		May 24, 2024
Expense	$	5.3	$	7.5
Tax benefit	1.3		1.9

The total RSU expense and associated tax benefit for the three months ended May 30, 2025 and May 24, 2024 are as follows:

	Three Months Ended
Restricted Stock Units	May 30, 2025		May 24, 2024
Expense	$	7.6	$	7.0
Tax benefit	1.9		1.7

Share-based Payment Arrangement, Performance Shares, Activity

The PSU activity for the three months ended May 30, 2025 is as follows:

Maximum Number of Shares of Nonvested Units	Total	Weighted-Average Grant Date Fair Value per Unit
Nonvested as of February 28, 2025	2,104,516	$	11.84
Granted	1,782,164	11.59
Nonvested as of May 30, 2025	3,886,680	$	11.80

As of May 30, 2025, there was $8.3 of remaining unrecognized compensation expense related to nonvested PSUs, which is expected to be recognized over a remaining weighted-average period of 2.0 years.

Schedule of Restricted Stock Unit Awards Activity

The RSU activity for the three months ended May 30, 2025 is as follows:

Nonvested Units	Total	Weighted-Average Grant Date Fair Value per Unit
Nonvested as of February 28, 2025	3,048,957	$	9.85
Granted	1,273,589	10.21
Vested	(53,591)	9.89
Forfeited	(11,334)	9.66
Nonvested as of May 30, 2025	4,257,621	$	9.95