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Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 24, 2017
Feb. 26, 2016
ASSETS    
Cash and cash equivalents $ 197.1 $ 181.9
Short-term investments 73.4 84.1
Accounts receivable, net of allowances of $11.2 and $11.7 307.6 322.7
Inventories 163.1 159.4
Prepaid expenses 19.1 19.6
Other current assets 58.9 56.2
Total current assets 819.2 823.9
Property, plant and equipment, net of accumulated depreciation of $959.6 and $936.8 408.1 411.6
Company-owned life insurance (COLI) 168.8 160.4
Deferred income taxes 179.6 211.6
Goodwill 106.7 106.4
Other intangible assets, net of accumulated amortization of $43.2 and $42.7 16.8 13.7
Investments in unconsolidated affiliates 50.5 51.0
Other assets 42.3 30.0
Total assets 1,792.0 1,808.6
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 216.8 209.6
Short-term borrowings and current portion of long-term debt 2.8 2.5
Accrued expenses:    
Employee compensation 154.3 169.9
Employee benefit plan obligations 35.0 36.5
Accrued promotions 19.0 21.7
Customer deposits 15.9 18.6
Product warranties 20.4 20.5
Other 59.2 78.2
Total current liabilities 523.4 557.5
Long-term liabilities:    
Long-term debt less current maturities 294.6 296.6
Employee benefit plan obligations 134.3 142.5
Other long-term liabilities 73.2 75.1
Total long-term liabilities 502.1 514.2
Total liabilities 1,025.5 1,071.7
Shareholders' equity:    
Additional paid-in capital 0.0 0.0
Accumulated other comprehensive loss (50.6) (39.6)
Retained earnings 817.1 776.5
Total shareholders’ equity 766.5 736.9
Total liabilities and shareholders’ equity 1,792.0 1,808.6
Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock-no par value; 50,000,000 shares authorized, none issued and outstanding 0.0 0.0
Class A Common Stock-no par value; 475,000,000 shares authorized, 87,759,355 and 89,248,134 issued and outstanding [Member]    
Shareholders' equity:    
Common stock 0.0 0.0
Total shareholders’ equity 0.0 0.0
Class B Common Stock-no par value; 475,000,000 shares authorized, 31,611,411 and 32,220,413 issued and outstanding [Member]    
Shareholders' equity:    
Common stock 0.0 0.0
Total shareholders’ equity $ 0.0 $ 0.0