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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 22, 2019
Feb. 22, 2019
ASSETS    
Cash and cash equivalents $ 367.7 $ 261.3
Accounts receivable, net of allowances of $10.3 and $8.7 447.8 390.3
Inventories 248.3 224.8
Prepaid expense 22.9 19.5
Other current assets 45.6 52.7
Total current assets 1,132.3 948.6
Property, plant and equipment, net of accumulated depreciation of $997.8 and $1,009.3 446.1 455.5
Company-owned life insurance 159.9 156.1
Deferred income taxes 120.4 135.8
Goodwill 240.5 240.8
Other intangible assets, net of accumulated amortization of $64.6 and $55.8 109.9 119.3
Investments in unconsolidated affiliates 56.8 56.9
Operating Lease, Right-of-Use Asset 231.9 0.0
Other assets 26.0 29.4
Total assets 2,523.8 2,142.4
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 281.3 241.2
Short-term borrowings and current maturities of long-term debt 2.6 4.1
Operating Lease, Liability, Current 39.7 0.0
Accrued expenses:    
Employee compensation 160.9 168.1
Employee benefit plan obligations 37.7 37.1
Accrued promotions 36.7 27.7
Customer deposits 26.0 20.0
Product warranties 13.3 16.4
Taxes Payable, Current 19.6 3.5
Other 89.6 77.1
Total current liabilities 707.4 595.2
Long-term liabilities:    
Long-term debt less current maturities 481.5 482.9
Employee benefit plan obligations 137.1 141.6
Operating Lease, Liability, Noncurrent 209.2 0.0
Other long-term liabilities 56.9 72.9
Total long-term liabilities 884.7 697.4
Total liabilities 1,592.1 1,292.6
Shareholders' equity:    
Additional paid-in capital [1] 26.0 16.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (56.3) (47.3)
Retained earnings 962.0 880.7
Total shareholders' equity 931.7 849.8
Total liabilities and shareholders' equity $ 2,523.8 $ 2,142.4
[1]
Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.