v3.26.1
EARNINGS PER SHARE
 12 Months Ended
May 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per common share for the periods presented:
For the Fiscal Years Ended May
(in millions, except per share amounts)202620252024
Numerator:
Net income$290.0 $357.2 $725.5 
Denominator:
Basic weighted average common shares outstanding138.9142.2144.9
Add: Dilutive effect of employee incentive plans (a)0.20.50.8
Diluted weighted average common shares outstanding139.1142.7145.6
Earnings per share:
Basic$2.09 $2.51 $5.01 
Diluted$2.08 $2.50 $4.98 
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(a)Potential dilutive shares of common stock from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options and the assumed vesting of outstanding restricted stock units and performance share awards. As of May 31, 2026 and May 25, 2025, we excluded 5.7 million and 0.8 million, respectively, of shares of stock-based awards from the computation of diluted earnings per share because they would be antidilutive. As of May 26, 2024, an insignificant number of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive.