STOCKHOLDERS' EQUITY |
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| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Our certificate of incorporation authorizes 600,000,000 shares of common stock and 60,000,000 shares of preferred stock. We had 137,455,441 and 139,237,760 shares of common stock issued and outstanding as of May 31, 2026 and May 25, 2025, respectively. Each share of common stock entitles the holder to one vote on matters to be voted on by our stockholders. No preferred stock was issued or outstanding as of May 31, 2026 and May 25, 2025 . Share Repurchase Program Our Board has authorized a program, with no expiration date, to repurchase up to $750 million of our common stock. Repurchases under this share repurchase program may be made at our discretion from time to time on the open market, subject to applicable laws, including pursuant to a repurchase plan administered in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or through privately negotiated transactions or accelerated share repurchases or other structured transactions. The following table summarizes common stock share repurchases for fiscal 2026.
Dividends During fiscal 2026, 2025, and 2024, we paid $207.5 million, $206.9 million, and $174.0 million, respectively, of cash dividends to common stockholders. On June 5, 2026, we paid $52.2 million of dividends to stockholders of record as of the close of business on May 8, 2026. On July 23, 2026, our Board declared a cash dividend of $0.38 per share of common stock. This dividend will be paid on September 4, 2026, to stockholders of record as of the close of business on August 7, 2026. Accumulated Other Comprehensive Income (Loss) (“AOCI”) Comprehensive income includes net income, currency translation adjustments, and changes in prior service cost and net actuarial gains (losses) from pension and post-retirement benefit plans. We generally deem our foreign investments to be indefinite in nature and we do not provide for taxes on currency translation adjustments arising from converting the investment denominated in a foreign currency to the U.S. dollar. If we determine that a foreign investment, as well as undistributed earnings, are no longer indefinite in nature, estimated taxes are provided for the related deferred tax liability (asset), if any, resulting from currency translation adjustments. Changes in AOCI, net of tax, as of May 31, 2026, were as follows:
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