XML 56 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
SHARE-BASED PAYMENTS (Tables)
 12 Months Ended
May 27, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Nonvested Share Units and Changes
The following table summarizes the nonvested share units as of May 27, 2018 and changes during the fiscal year then ended:
 
Stock-settled
 
Cash-settled
Share Units
Share Units
(in Millions)
 
Weighted
Average
Grant-Date
Fair Value
 
Share Units
(in Millions)
 
Weighted
Average
Grant-Date
Fair Value
Nonvested share units at May 28, 2017
1.56

 
$
31.59

 
1.21

 
$
30.52

Granted
0.87

 
$
34.16

 
—

 
$
—

Vested/Issued
(0.53
)
 
$
26.58

 
(0.42
)
 
$
22.86

Forfeited
(0.12
)
 
$
33.77

 
(0.08
)
 
$
34.60

Nonvested share units at May 27, 2018
1.78

 
$
34.20

 
0.71

 
$
34.58
Summary of Activity for Performance Share Awards and Changes
A summary of the activity for performance share awards as of May 27, 2018 and changes during the fiscal year then ended is presented below:
Performance Shares
Share Units
(in Millions)
 
Weighted
Average
Grant-Date
Fair Value
Nonvested performance shares at May 28, 2017
0.86

 
$
29.23

Granted
0.48

 
$
33.82

Adjustments for performance results attained and dividend equivalents
0.01

 
$
22.98

Vested/Issued
(0.33
)
 
$
24.08

Forfeited
(0.02
)
 
$
33.69

Nonvested performance shares at May 27, 2018
1.00

 
$
33.40
Schedule of Weighted Average Assumptions for Stock Options Granted
The fair value of each option is estimated on the date of grant using a Black-Scholes option-pricing model with the following weighted average assumptions for stock options granted:
 
2017
 
2016
Expected volatility (%)
19.15
 
17.88
Dividend yield (%)
2.33
 
2.74
Risk-free interest rates (%)
1.03
 
1.60
Expected life of stock option (years)
4.94
 
4.96
Summary of Option Activity and Changes
A summary of the option activity as of May 27, 2018 and changes during the fiscal year then ended is presented below:
Options
Number
of Options
(in Millions)
 
Weighted
Average
Exercise
Price
 
Average
Remaining
Contractual
Term
(Years)
 
Aggregate
Intrinsic
Value (in
Millions)
Outstanding at May 28, 2017
6.3

 
$
27.12

 
 
 
 
Exercised
(1.1
)
 
$
22.28

 
 
 
$
15.8

Forfeited
(0.1
)
 
$
34.78

 
 
 
 
Outstanding at May 27, 2018
5.1

 
$
28.11

 
5.76
 
$
47.6

Exercisable at May 27, 2018
4.0

 
$
26.34

 
5.14
 
$
44.4