Stock-Based Compensation (Tables)

3 Months Ended

Aug. 27, 2017

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 27, 2017			August 28, 2016
Weighted-average fair value	$	14.63		$	9.08
Dividend yield	3.0		%	3.5		%
Expected volatility of stock	23.5		%	24.3		%
Risk-free interest rate	2.0		%	1.4		%
Expected option life (in years)	6.4			6.5
Weighted-average exercise price per share	$	85.83		$	59.68

Schedule of Nonvested Share Activity

The following table presents a summary of our stock-based compensation activity for the three months ended August 27, 2017:



(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	4.01		0.19	1.35		0.09		0.33
Awards granted	0.35		0.07	0.23		—		0.24
Awards exercised/vested	(0.35	)	—	(0.29	)	(0.09	)	—
Awards forfeited	(0.02	)	—	(0.02	)	—		(0.01	)
Performance unit adjustment	—		—	—		—		—
Outstanding end of period	3.99		0.26	1.27		—		0.56

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 27, 2017		August 28, 2016
Stock options	$	1.2	$	1.6
Restricted stock/restricted stock units	0.7		0.4
Darden stock units	3.8		2.6
Equity-settled performance stock units	2.1		1.0
Employee stock purchase plan	0.3		0.3
Director compensation program/other	0.3		0.3
Total stock-based compensation expense	$	8.4	$	6.2