Stock-Based Compensation (Tables)

3 Months Ended

Aug. 26, 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
	Three Months Ended
	August 26, 2018			August 27, 2017
Weighted-average fair value	$	18.78		$	14.63
Dividend yield	3.2		%	3.0		%
Expected volatility of stock	22.6		%	23.5		%
Risk-free interest rate	2.9		%	2.0		%
Expected option life (in years)	6.4			6.4
Weighted-average exercise price per share	$	107.05		$	85.83

Schedule of Nonvested Share Activity

The following table presents a summary of our stock-based compensation activity for the three months ended August 26, 2018:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units	Darden Stock Units		Equity-Settled Performance Stock Units
Outstanding beginning of period	3.53		0.24	1.39		0.55
Awards granted	0.37		0.06	0.23		0.21
Awards exercised/vested	(0.73	)	—	(0.31	)	(0.11	)
Awards forfeited	(0.02	)	—	(0.02	)	(0.03	)
Outstanding end of period	3.15		0.30	1.29		0.62

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 26, 2018		August 27, 2017
Stock options	$	1.2	$	1.2
Restricted stock/restricted stock units	1.3		0.7
Darden stock units	12.3		3.8
Equity-settled performance stock units	2.5		2.1
Employee stock purchase plan	0.3		0.3
Director compensation program/other	0.3		0.3
Total stock-based compensation expense	$	17.9	$	8.4