NET INCOME PER CLASS A COMMON SHARE (Tables)

4 Months Ended

Jun. 18, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The components of basic and diluted net income per Class A common share were as follows (in millions, except per share data):

	16 weeks ended
	June 18, 2022		June 19, 2021
Basic net income per Class A common share
Net income	$	484.2	$	444.8
Accrued dividends on Convertible Preferred Stock	(13.7)		(36.4)
Earnings allocated to Convertible Preferred Stock	(26.9)		(36.2)
Net income allocated to Class A common stockholders - Basic	$	443.6	$	372.2
Weighted average Class A common shares outstanding - Basic (1)	513.3		465.1
Basic net income per Class A common share	$	0.86	$	0.80
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Basic	$	443.6	$	372.2
Accrued dividends on Convertible Preferred Stock	13.7		36.4
Earnings allocated to Convertible Preferred Stock	26.9		36.2
Net income allocated to Class A common stockholders - Diluted	$	484.2	$	444.8
Weighted average Class A common shares outstanding - Basic (1)	513.3		465.1
Dilutive effect of:
Restricted stock units and awards	4.8		4.7
Convertible Preferred Stock (2)	58.2		101.6
Weighted average Class A common shares outstanding - Diluted (3)	576.3		571.4
Diluted net income per Class A common share	$	0.84	$	0.78

(1) The number of Class A common shares remaining to be issued for the 16 weeks ended June 18, 2022 and June 19, 2021 were not material.

(2) Reflects the number of shares of Convertible Preferred Stock issued, if converted into common stock for the period outstanding.

(3) The number of potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for the 16 weeks ended June 18, 2022 and June 19, 2021 were not material.