EARNINGS PER SHARE (Tables)

9 Months Ended

Feb. 25, 2024

Schedule of computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings per common share for the periods presented:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(in millions, except per share amounts)	February 25, 2024		February 26, 2023		February 25, 2024		February 26, 2023
Numerator:
Net income	$	146.1	$	175.1	$	595.8	$	510.1

Denominator:
Basic weighted average common shares outstanding	144.5		144.0		145.0		144.0
Add: Dilutive effect of employee incentive plans (a)	0.8		0.8		0.8		0.7
Diluted weighted average common shares outstanding	145.3		144.8		145.8		144.7

Earnings per share:
Basic	$	1.01	$	1.22	$	4.11	$	3.54
Diluted	$	1.01	$	1.21	$	4.09	$	3.53

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(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 February 25, 2024, an insignificant number of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive. As of February 26, 2023, 0.6 million shares of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive.