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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
May 25, 2018
Feb. 23, 2018
ASSETS    
Cash and cash equivalents $ 134.9 $ 283.1
Accounts receivable, net of allowances of $11.2 and $11.1 336.8 300.3
Inventories 202.9 184.6
Prepaid expense 21.7 19.2
Assets Held-for-sale, Not Part of Disposal Group, Current 13.4 13.4
Other current assets 51.4 53.3
Total current assets 761.1 853.9
Property, plant and equipment, net of accumulated depreciation of $993.9 and $998.1 431.4 435.1
Company-owned life insurance 165.7 172.2
Deferred income taxes 132.9 135.4
Goodwill 138.4 138.2
Other intangible assets, net of accumulated amortization of $44.9 and $44.6 44.6 45.6
Investments in unconsolidated affiliates 49.6 48.4
Other assets 31.5 30.4
Total assets 1,755.2 1,859.2
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 242.1 223.1
Short-term borrowings and current maturities of long-term debt 2.8 2.8
Accrued expenses:    
Employee compensation 74.6 145.0
Employee benefit plan obligations 21.2 39.2
Accrued promotions 24.2 25.5
Customer deposits 19.8 28.2
Product warranties 17.0 18.1
Other 71.4 72.8
Total current liabilities 473.1 554.7
Long-term liabilities:    
Long-term debt less current maturities 291.5 292.2
Employee benefit plan obligations 121.0 130.8
Other long-term liabilities 60.5 68.2
Total long-term liabilities 473.0 491.2
Total liabilities 946.1 1,045.9
Shareholders' equity:    
Common stock 0.0 0.0
Additional paid-in capital 12.6 4.6
Accumulated Other Comprehensive Income (Loss), Net of Tax (23.2) (10.3)
Retained earnings 819.7 819.0
Total shareholders' equity 809.1 813.3
Total liabilities and shareholders' equity $ 1,755.2 $ 1,859.2