Stock-Based Compensation (Tables)

6 Months Ended

Nov. 23, 2014

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted-average fair value of non-qualified stock options and the related assumptions used in the Black-Scholes option pricing model were as follows:



	Stock Options Granted
	Six Months Ended
	November 23, 2014			November 24, 2013
Weighted-average fair value	$	10.36		$	12.05
Dividend yield	4.5		%	4.4		%
Expected volatility of stock	37.3		%	39.6		%
Risk-free interest rate	2.1		%	1.9		%
Expected option life (in years)	6.5			6.4

Summary Of Darden Stock Unit Activity

The following table presents a summary of our stock-based compensation activity for the six months ended November 23, 2014:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units		Darden Stock Units		Performance Stock Units
Outstanding beginning of period	11.2		0.2		2.1		0.3
Awards granted	1.1		—		0.5		0.1
Awards exercised	(1.4	)	(0.1	)	(0.4	)	(0.1	)
Awards forfeited	(0.3	)	—		(0.7	)	(0.2	)
Performance unit adjustment	—		—		—		0.4
Outstanding end of period	10.6		0.1		1.5		0.5

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

We recognized expense from stock-based compensation as follows:



	Three Months Ended				Six Months Ended
(in millions)	November 23, 2014		November 24, 2013		November 23, 2014		November 24, 2013
Stock options (1)	$	11.5	$	7.3	$	14.7	$	11.5
Restricted stock/restricted stock units (1)	0.7		0.4		1.1		0.8
Darden stock units	3.5		6.1		4.8		7.9
Performance stock units (1)	7.1		2.3		8.0		4.1
Employee stock purchase plan	0.3		0.4		0.7		0.9
Director compensation program/other	0.6		1.7		0.6		1.7
Total stock-based compensation expense	$	23.7	$	18.2	$	29.9	$	26.9


(1)	The increase for the periods ended November 23, 2014 is primarily attributable to the workforce reduction efforts further discussed in Note 12.