Earnings per Share (Tables)

12 Months Ended

Aug. 26, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings per share are calculated as follows:

(in millions, except per share data)	2023		2022		2021
Earnings per share - basic
Net income	$	215.9	$	390.6	$	281.9
Weighted average common shares outstanding	30.3		32.5		33.5
Basic earnings per common share(1)	$	7.12	$	12.03	$	8.41
Earnings per share - diluted
Net income	$	215.9	$	390.6	$	281.9
Interest expense on convertible notes, net of tax	4.7		—		—
Diluted net income	$	220.6	$	390.6	$	281.9
Weighted average common shares outstanding	30.3		32.5		33.5
Dilutive impact of stock compensation awards	0.3		0.5		0.4
Dilutive impact of convertible notes	4.8		—		0.2
Weighted average common shares outstanding, assuming dilution	35.4		33.0		34.1
Anti-dilutive securities excluded from weighted average diluted common shares outstanding	0.1		0.2		—
Diluted earnings per common share(1)	$	6.23	$	11.84	$	8.28

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