EARNINGS PER SHARE (Tables)

6 Months Ended

Nov. 26, 2023

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings per common share

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 26,		November 27,		November 26,		November 27,
(in millions, except per share amounts)	2023		2022		2023		2022
Numerator:
Net income	$	215.0	$	103.1	$	449.8	$	335.0
Denominator:
Basic weighted average common shares outstanding		144.9		144.0		145.3		144.0
Add: Dilutive effect of employee incentive plans (a)		0.6		0.6		0.7		0.6
Diluted weighted average common shares outstanding		145.5		144.6		146.0		144.6
Earnings per share:
Basic	$	1.48	$	0.72	$	3.10	$	2.33
Diluted	$	1.48	$	0.71	$	3.08	$	2.32

(a) Potential dilutive shares of common stock under 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 November 26, 2023, 0.7 million shares of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive. As of November 27, 2022, 0.6 million shares of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive.