Earnings Per Share (Tables)

6 Months Ended

Feb. 25, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Income Per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended				Six Months Ended
(in millions, except per share data)	February 25, 2023		February 26, 2022		February 25, 2023		February 26, 2022
Earnings per share - basic
Net income	$	52.8	$	91.2	$	113.0	$	190.8
Weighted average common shares outstanding	30.5		33.1		30.5		33.2
Basic earnings per common share(1)	$	1.73	$	2.75	$	3.71	$	5.75
Earnings per share - diluted
Net income	$	52.8	$	91.2	$	113.0	$	190.8
Interest expense on convertible notes, net of tax	1.2		—		2.4		—
Diluted net income	$	54.0	$	91.2	$	115.4	$	190.8
Weighted average common shares outstanding	30.5		33.1		30.5		33.2
Dilutive impact of stock compensation awards	0.3		0.4		0.3		0.5
Dilutive impact of convertible notes	4.7		0.4		4.7		0.5
Weighted average common shares outstanding, assuming dilution	35.5		33.9		35.5		34.2
Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution	0.2		—		0.1		0.1
Diluted earnings per common share(1)	$	1.52	$	2.69	$	3.25	$	5.58

(1)    Earnings per share amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.