EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 25, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Equity-based Compensation Expense Recognized

Equity-based compensation expense recognized in the Consolidated Statements of Operations, net of forfeitures, was as follows (in millions):

	Fiscal 2022		Fiscal 2021		Fiscal 2020
RSUs	$	104.0	$	93.2	$	53.5
RSAs	8.4		8.0		5.5
Liability-classified awards	25.9		—		—
Total equity-based compensation expense	$	138.3	$	101.2	$	59.0
Total related tax benefit	$	26.9	$	23.9	$	13.7

Schedule of RSU and RSA Activity

The following summarizes the activity of RSUs and RSAs during fiscal 2022:

	Time-Based			Performance-Based
	Number of shares (in millions)	Weighted average grant date fair value		Number of shares (in millions)	Weighted average grant date fair value
Unvested, February 26, 2022	4.8	$	16.98	4.5	$	16.26
Granted	2.0	29.27		1.9	23.11
Performance adjustment (1)	—	—		1.0	17.62
Special Dividend DERs	1.1	—		0.4	—
Vested	(3.3)	17.72		(2.4)	15.13
Forfeited or cancelled	(0.5)	17.81		(0.7)	21.34
Unvested, February 25, 2023	4.1	$	23.78	4.7	$	18.72

(1) Represents additional PBRSUs based on achieved performance for fiscal 2021 relative to the fiscal 2021 performance target. The performance adjustment does not include 1.1 million additional PBRSUs based on achieved performance for fiscal 2022 relative to the fiscal 2022 performance target, although these shares have been estimated and included in the determination of equity-based compensation expense and the calculation of diluted net income per common share for fiscal 2022.