v3.26.1
STOCK PLANS (Tables)
12 Months Ended
May 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Estimated Fair Value of Stock Options Granted and Assumptions Used for Black-Scholes Option-Pricing Model The estimated fair values of stock options granted and the assumptions used for the Black-Scholes option-pricing model were as
follows:
Fiscal Year
2026
2025
2024
Estimated fair values of stock options granted
$9.45
$13.26
$17.47
Assumptions:
Risk-free interest rate
4.2
%
4.5
%
4.0
%
Expected term
8.0 years
8.5 years
8.5 years
Expected volatility
22.3
%
21.6
%
21.5
%
Dividend yield
4.7
%
3.8
%
2.8
%
Schedule of Compensation Expense Related to Stock-Based Payments (Shortfall) windfall tax benefits from stock-based payments in income tax expense in our Consolidated Statements of (Loss) Earnings
were as follows:
Fiscal Year
In Millions
2026
2025
2024
(Shortfall) windfall tax benefits from stock-based payments
$(1.7)
$5.3
$10.2
Stock-based compensation expense related to stock option awards was as follows:
Fiscal Year
In Millions
2026
2025
2024
Compensation expense related to stock option awards
$15.2
$15.8
$13.9
Stock-based compensation expense related to restricted stock units and performance share units was as follows:
Fiscal Year
In Millions
2026
2025
2024
Compensation expense related to restricted stock units and performance
  share units
$64.2
$75.9
$81.4
Information on Stock Option Activity Information on stock option activity follows:
Options
Outstanding
(Thousands)
Weighted-Average
Exercise Price Per
Share
Weighted-Average
Remaining
Contractual Term
(Years)
Aggregate Intrinsic
Value (Millions)
Balance as of May 25, 2025
12,433.6
$59.84
4.7
$14.4
Granted
1,566.6
51.81
Exercised
(3.4)
46.06
Forfeited or expired
(665.3)
57.70
Outstanding as of May 31, 2026
13,331.5
$59.00
4.4
$
Exercisable as of May 31, 2026
9,444.5
$57.61
2.9
$
Net Cash Proceeds and Intrinsic Value of Options Exercised Net cash proceeds from the exercise of stock options less shares used for minimum withholding taxes and the intrinsic value of options
exercised were as follows:
Fiscal Year
In Millions
2026
2025
2024
Net cash proceeds
$0.5
$43.0
$25.5
Intrinsic value of options exercised
$
$11.7
$7.6
Information on Restricted Stock Unit and Performance Share Units Activity Information on restricted stock unit and performance share unit activity follows:
Equity Classified
Liability Classified
Share-Settled Units
(Thousands)
Weighted-Average
Grant-Date Fair
Value
Share-Settled Units
(Thousands)
Weighted-Average
Grant-Date Fair
Value
Non-vested as of May 25, 2025
4,090.3
$66.90
58.9
$66.63
Granted
2,058.5
51.10
33.2
50.89
Vested
(1,663.8)
65.31
(25.8)
64.39
Forfeited
(845.4)
59.67
(3.5)
61.23
Non-vested as of May 31, 2026
3,639.6
$60.37
62.8
$59.53
Fiscal Year
2026
2025
2024
Number of units granted (thousands)
2,091.7
1,698.0
1,517.8
Weighted-average price per unit
$51.09
$63.37
$73.38