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Consolidated Statements Of Cash Flows
$ in Millions
12 Months Ended
Feb. 22, 2019
USD ($)
Feb. 23, 2018
USD ($)
Feb. 24, 2017
USD ($)
OPERATING ACTIVITIES      
Net income $ 126.0 $ 80.7 $ 124.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 81.6 65.9 60.3
Deferred Income Tax Expense (Benefit) (0.8) 52.9 26.8
Gain from partial sale of investment in unconsolidated affiliate 0.0 (14.4) 0.0
Non-cash stock compensation 17.7 19.1 19.8
Equity in income of unconsolidated affiliates (13.7) (12.8) (9.7)
Dividends received from unconsolidated affiliates 9.1 10.3 9.9
Derivative, Loss on Derivative (13.0) 0.0 0.0
Other (12.5) (9.5) (8.8)
Changes in operating assets and liabilities, net of acquisitions, divestures, and deconsolidations:      
Accounts receivable (66.4) 18.5 11.9
Inventories (24.0) (8.5) (5.1)
Long-term income taxes receivable 0.0 18.7 (18.5)
Other assets 10.2 4.5 (4.4)
Accounts payable 8.5 (0.7) 9.5
Employee compensation liabilities 21.1 (13.8) (8.8)
Accrued expenses and other liabilities (12.6) 16.1 (36.8)
Net cash provided by operating activities 131.2 227.0 170.7
INVESTING ACTIVITIES      
Capital expenditures (81.4) (87.9) (61.1)
Proceeds from Sale of Property, Plant, and Equipment 20.5 7.9 1.9
Purchases of investments 0.0 (52.1) (112.6)
Liquidations of investments 0.0 125.6 126.6
Proceeds from partial sale of investment in unconsolidated affiliate 0.0 19.0 0.0
Proceeds from liquidation of company owned life insurance 22.1 4.2  
Payments to Acquire Businesses, Net of Cash Acquired 226.2 68.3 4.0
Other (6.6) 4.1 0.8
Net cash provided by (used in) investing activities (271.6) (47.5) (48.4)
FINANCING ACTIVITIES      
Dividends paid (64.3) (61.0) (58.5)
Common stock repurchases (4.2) (33.8) (48.4)
Proceeds from Lines of Credit 323.1 0.0 0.0
Repayments of Lines of Credit (323.1) 0.0 0.0
Borrowings of long-term debt, net of issuance costs 450.0 0.0 0.0
Repayments of long-term debt (252.7) (2.7) (2.3)
Amortization of Debt Issuance Costs and Discounts (6.5) 0.0 3.3
Net cash used in financing activities 122.3 (97.5) (105.9)
Effect of exchange rate changes on cash and cash equivalents (2.7) 4.0 (1.2)
Net increase (decrease) in cash and cash equivalents (20.8) 86.0 15.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 264.8 [1] 285.6 [1],[2] 199.6 [1],[2]
Restricted Cash   2.5  
Supplemental Cash Flow Information:      
Income taxes paid, net of refunds received 36.2 4.8 67.7
Interest paid, net of amounts capitalized $ 34.5 $ 17.0 $ 17.0
[1] These amounts include restricted cash of $3.5, $2.5 and $2.5 as of February 22, 2019, February 23, 2018 and February 24, 2017, respectively.
[2] These amounts include restricted cash of $2.5 as of February 23, 2018, February 24, 2017 and February 26, 2016, respectively.