Stock-Based Compensation (Tables)

6 Months Ended

Nov. 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
	Six Months Ended
	November 25, 2018			November 26, 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 six months ended November 25, 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		0.07		0.23		0.21
Awards exercised/vested	(0.90	)	(0.01	)	(0.32	)	(0.11	)
Awards forfeited	(0.03	)	—		(0.04	)	(0.04	)
Outstanding end of period	2.97		0.30		1.26		0.61

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 25, 2018		November 26, 2017		November 25, 2018		November 26, 2017
Stock options	$	1.3	$	1.2	$	2.5	$	2.4
Restricted stock/restricted stock units	1.7		1.1		3.0		1.8
Darden stock units	6.5		3.7		18.8		7.5
Equity-settled performance stock units	3.5		3.0		6.0		5.1
Employee stock purchase plan	0.4		0.3		0.7		0.6
Director compensation program/other	0.3		0.4		0.6		0.7
Total stock-based compensation expense	$	13.7	$	9.7	$	31.6	$	18.1