Stock-Based Compensation (Tables)

3 Months Ended

Aug. 30, 2015

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
	Three Months Ended
	August 30, 2015			August 24, 2014
Weighted-average fair value	$	14.35		$	10.35
Dividend yield	3.3		%	4.5		%
Expected volatility of stock	28.0		%	37.3		%
Risk-free interest rate	1.9		%	2.1		%
Expected option life (in years)	6.5			6.5
Weighted-average exercise price per share	$	73.18		$	44.49

Schedule of Nonvested Share Activity

The following table presents a summary of our stock-based compensation activity for the three months ended August 30, 2015:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units	Darden Stock Units		Cash-Settled Performance Stock Units		Equity-Settled Performance Stock Units
Outstanding beginning of period	7.71		0.10	1.37		0.38		—
Awards granted	0.38		0.02	0.28		—		0.16
Awards exercised	(1.42	)	—	(0.27	)	(0.10	)	—
Awards forfeited	(0.09	)	—	(0.02	)	(0.08	)	—
Performance unit adjustment	—		—	—		0.07		—
Outstanding end of period	6.58		0.12	1.36		0.27		0.16

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
(in millions)	August 30, 2015		August 24, 2014
Stock options	$	2.5	$	3.2
Restricted stock/restricted stock units	0.4		0.4
Darden stock units	4.2		1.3
Cash-settled performance stock units	1.8		0.9
Equity-settled performance stock units	0.3		—
Employee stock purchase plan	0.3		0.4
Director compensation program/other	0.7		—
Total stock-based compensation expense	$	10.2	$	6.2