Stock Plans (Tables)

12 Months Ended

May 28, 2023

Stock Plans [Abstract]

Schedule Of Estimated Fair Value Of Stock Options Granted And The Assumptions Used For The Black-Scholes Option-Pricing Model

Fiscal Year

2023

2022

2021

Estimated fair values of stock options granted

$

14.16

$

8.77

$

8.03

Assumptions:

Risk-free interest rate

3.3

%

1.5

%

0.7

%

Expected term

8.5

years

8.5

years

8.5

years

Expected volatility

20.9

%

20.2

%

19.5

%

Dividend yield

3.1

%

3.4

%

3.3

%

Schedule Of Compensation Expense Related To Stock-Based Payments

Fiscal Year

In Millions

2023

2022

2021

Windfall tax benefits from stock-based payments

$

32.3

$

18.4

$

12.4

Fiscal Year

In Millions

2023

2022

2021

Compensation expense related to stock option awards

$

12.3

$

12.1

$

11.2

Fiscal Year

In Millions

2023

2022

2021

Compensation expense related to restricted stock units and performance

 share units

$

99.4

$

94.2

$

78.7

Information On Stock Option Activity

Options

Outstanding

(Thousands)

Weighted-Average

Exercise Price Per

Share

Weighted-Average

Remaining

Contractual Term

(Years)

Aggregate Intrinsic

Value (Millions)

Balance as of May 29, 2022

15,005.5

$

55.39

5.36

$

217.5

Granted

1,176.5

70.26

Exercised

(4,468.6)

53.84

Forfeited or expired

(138.2)

61.90

Outstanding as of May 28, 2023

11,575.2

$

57.43

5.59

$

309.5

Exercisable as of May 28, 2023

6,165.3

$

54.73

3.90

$

181.6

Net Cash Proceeds And Intrinsic Value Of Options Exercised

Fiscal Year

In Millions

2023

2022

2021

Net cash proceeds

$

232.3

$

161.7

$

74.3

Intrinsic value of options exercised

$

118.7

$

74.0

$

44.8

Information On Restricted Stock Unit And Performance Share Units Activity

Equity Classified

Liability Classified

Share-Settled Units

(Thousands)

Weighted-Average

Grant-Date Fair

Value

Share-Settled Units

(Thousands)

Weighted-Average

Grant-Date Fair

Value

Non-vested as of May 29, 2022

5,153.4

$

56.37

77.3

$

56.43

Granted

2,042.8

69.76

23.6

70.53

Vested

(1,976.1)

53.71

(24.7)

52.09

Forfeited or expired

(183.9)

63.08

(6.8)

61.14

Non-vested as of May 28, 2023

5,036.2

$

62.60

69.4

$

62.32

Fiscal Year

2023

2022

2021

Number of units granted (thousands)

2,066.4

1,989.0

1,529.0

Weighted-average price per unit

$

69.77

$

60.02

$

61.24