EARNINGS PER SHARE (Tables)

9 Months Ended

Feb. 27, 2022

Schedule of computation of basic and diluted earnings per common


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	February 27,		February 28,		February 27,		February 28,
(in millions, except per share amounts)	2022		2021		2022		2021
Numerator:
Net income	$	106.6	$	66.1	$	168.9	$	252.3

Denominator:
Basic weighted average common shares outstanding		145.1		146.5		145.8		146.4
Add: Dilutive effect of employee incentive plans (a)		0.4		0.7		0.4		0.7
Diluted weighted average common shares outstanding		145.5		147.2		146.2		147.1

Earnings per share:
Basic	$	0.73	$	0.45	$	1.16	$	1.72
Diluted	$	0.73	$	0.45	$	1.16	$	1.72

(a)

Potential dilutive shares of common stock from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options and the assumed vesting of outstanding restricted stock units and performance awards. As of February 27, 2022, 0.1 million shares of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive. As of February 28, 2021, we did not have any stock-based awards that were antidilutive.