EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 22, 2025

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 2024		Fiscal 2023		Fiscal 2022
RSUs	$	99.3	$	88.3	$	104.0
RSAs	0.2		3.2		8.4
Liability-classified awards	6.7		13.0		25.9
Total equity-based compensation expense	$	106.2	$	104.5	$	138.3
Total related tax benefit	$	14.7	$	19.5	$	26.9

Schedule of RSU and RSA Activity

The following summarizes the activity of RSUs and RSAs during fiscal 2024:

	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 24, 2024	3.6	$	22.61	4.9	$	20.98
Granted	3.3	19.83		2.1	20.05
Performance adjustment (1)	—	—		0.2	20.04
Vested	(3.2)	22.93		(2.7)	21.07
Forfeited or cancelled	(0.4)	21.24		(0.3)	20.14
Unvested, February 22, 2025	3.3	$	20.18	4.2	$	20.45

(1) Represents additional PBRSUs based on achieved performance for fiscal 2023 relative to the fiscal 2023 performance target. The performance adjustment does not include a reduction of 0.3 million PBRSUs based on achieved performance for fiscal 2024 relative to the fiscal 2024 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 2024.