Earnings Per Share (Tables)

6 Months Ended

Jun. 01, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the Company’s basic and diluted earnings per share:

	Three Months Ended				Six Months Ended
	June 1, 2025		May 26, 2024		June 1, 2025		May 26, 2024
	(Dollars in millions, except per share amounts)
Numerator:
Net income from continuing operations	$	79.6	$	17.2	$	219.8	$	7.3
Net income (loss) from discontinued operations, net of taxes	(12.6)		0.8		(17.8)		—
Net income	$	67.0	$	18.0	$	202.0	$	7.3
Denominator:
Weighted-average common shares outstanding - basic	396,411,904		398,799,458		396,498,984		398,897,030
Dilutive effect of stock awards	2,637,045		4,107,754		3,607,241		4,075,513
Weighted-average common shares outstanding - diluted	399,048,949		402,907,212		400,106,225		402,972,543
Earnings (loss) per common share:
Continuing operations - Basic	$	0.20	$	0.05	$	0.55	$	0.02
Discontinued operations - Basic	(0.03)		—		(0.04)		—
Net income - Basic	$	0.17	$	0.05	$	0.51	$	0.02
Continuing operations - Diluted	$	0.20	$	0.04	$	0.55	$	0.02
Discontinued operations - Diluted	(0.03)		—		(0.04)		—
Net income - Diluted	$	0.17	$	0.04	$	0.51	$	0.02
Anti-dilutive securities excluded from calculation of diluted earnings per share	8,016,795		2,835,565		6,177,418		4,982,183