Stock-Based Compensation (Tables)

9 Months Ended

Feb. 25, 2018

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
	Nine Months Ended
	February 25, 2018			February 26, 2017
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		$	59.70

Schedule of Nonvested Share Activity

The following table presents a summary of our stock-based compensation activity for the nine months ended February 25, 2018:



(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		0.11		0.42		—		0.24
Awards exercised/vested	(0.77	)	(0.05	)	(0.30	)	(0.09	)	—
Awards forfeited	(0.03	)	—		(0.06	)	—		(0.01	)
Outstanding end of period	3.56		0.25		1.41		—		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				Nine Months Ended
(in millions)	February 25, 2018		February 26, 2017		February 25, 2018		February 26, 2017
Stock options	$	1.3	$	1.3	$	3.7	$	4.4
Restricted stock/restricted stock units	1.1		0.6		2.9		1.3
Darden stock units	8.0		4.3		15.5		13.6
Cash-settled performance stock units	—		1.0		—		2.3
Equity-settled performance stock units	3.1		1.5		8.2		3.9
Employee stock purchase plan	0.3		0.3		0.9		0.9
Director compensation program/other	0.3		0.3		1.0		0.9
Total stock-based compensation expense	$	14.1	$	9.3	$	32.2	$	27.3