Investments and Fair Value Measurements (Tables)

9 Months Ended

May 25, 2024

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are as follows:

	Fair Value at		Fair Value Hierarchy
(in millions)	May 25, 2024		Level 1		Level 2		Level 3
Assets that fund deferred compensation
Domestic equity funds	$	2.0	$	2.0	$	—	$	—
International equity funds	0.1		0.1		—		—
Total assets at fair value	$	2.1	$	2.1	$	—	$	—

    

	Fair Value at		Fair Value Hierarchy
(in millions)	August 26, 2023		Level 1		Level 2		Level 3
Assets that fund deferred compensation
Domestic equity funds	$	1.7	$	1.7	$	—	$	—
International equity funds	0.1		0.1		—		—
Total assets at fair value	$	1.8	$	1.8	$	—	$	—
Contingent consideration
Earnout liability	$	18.4	$	—	$	—	$	18.4
Total liabilities at fair value	$	18.4	$	—	$	—	$	18.4

Fair Value, Liabilities Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are as follows:

	Fair Value at		Fair Value Hierarchy
(in millions)	May 25, 2024		Level 1		Level 2		Level 3
Assets that fund deferred compensation
Domestic equity funds	$	2.0	$	2.0	$	—	$	—
International equity funds	0.1		0.1		—		—
Total assets at fair value	$	2.1	$	2.1	$	—	$	—

    

	Fair Value at		Fair Value Hierarchy
(in millions)	August 26, 2023		Level 1		Level 2		Level 3
Assets that fund deferred compensation
Domestic equity funds	$	1.7	$	1.7	$	—	$	—
International equity funds	0.1		0.1		—		—
Total assets at fair value	$	1.8	$	1.8	$	—	$	—
Contingent consideration
Earnout liability	$	18.4	$	—	$	—	$	18.4
Total liabilities at fair value	$	18.4	$	—	$	—	$	18.4

Fair Value Disclosure Of Contingent Consideration

The following table provides a reconciliation of the beginning and ending balances of the contingent consideration:

	Three Months Ended				Nine Months Ended
(in millions)	May 25, 2024		May 27, 2023		May 25, 2024		May 27, 2023
Beginning fair value - contingent consideration	$	19.5	$	41.8	$	18.4	$	39.8
Fair value adjustments	—		—		1.1		2.0
Settlements	(20.5)		(22.0)		(20.5)		(22.0)
Other	1.0		—		1.0		—
Ending fair value - contingent consideration	$	—	$	19.8	$	—	$	19.8