STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Aug. 28, 2022

STOCK-BASED COMPENSATION

Schedule of weighted average Monte Carlo assumptions for Performance Shares

	Assumptions
Dividend yield (%)		0.00 - 1.42
Expected volatility of stock (%)		42.99
Risk-free interest rate (%)		2.89
Expected life (years)		2.82
Weighted average grant date fair value per unit	$	91.43 - $118.97

Schedule of weighted average Black-Sholes assumptions for stock options

	Assumptions
Weighted average fair value	$	25.90
Dividend yield (%)		1.22
Expected volatility of stock (%)		34.06
Risk-free interest rate (%)		2.82
Expected life of stock option (years)		5.75
Weighted average exercise price per share	$	79.66

Schedule of compensation expenses for stock-based awards recognized, net of forfeitures

	Thirteen Weeks Ended
	August 28,		August 29,
(in millions)	2022		2021
Stock-settled RSUs	$	4.7	$	3.6
Performance Shares		2.4		1.6
Stock options		0.5		—
Total compensation expense	$	7.6	$	5.2
Income tax benefit (a)		(1.3)		(0.9)
Total compensation expense, net of tax benefit	$	6.3	$	4.3

(a) Income tax benefit represents the marginal tax rate, excluding non-deductible compensation.

Schedule of total unrecognized compensation expense, net of estimated forfeitures, related to stock-based payments

			Remaining
			Weighted
	Unrecognized		Average
	Compensation		Recognition
(in millions, except data in years)	Expense		Period (in years)
Stock-settled RSUs	$	44.6		1.9
Performance Shares		33.9		2.5
Stock options		13.8		2.0
Total unrecognized compensation expense	$	92.3