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Employee Benefit Plan Obligations Employee Benefit Plan Obligation (Tables)
12 Months Ended
Feb. 28, 2020
Defined Benefit Plan Disclosure [Line Items]  
Employee Benefit Plan Obligation Summary [Table Text Block]
Employee Benefit Plan Obligations (net)
February 28,
2020
February 22,
2019
Defined contribution retirement plans
$
28.1

 
$
25.0

 
Post-retirement medical benefits
44.3

 
40.7

 
Defined benefit pension plans
61.8

 
57.3

 
Deferred compensation plans and agreements
58.8

 
55.7

 
 
$
193.0

 
$
178.7

 
 
 
 
 
 
Employee benefit plan obligations
 
 
 
 
Current portion
$
44.7

 
$
37.1

 
Long-term portion
148.3

 
141.6

 
 
$
193.0

 
$
178.7

 

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block] The funded status of our defined benefit pension plans (excluding our investments in COLI policies) is as follows:
Defined Benefit Pension
Plan Obligations
February 28, 2020
February 22, 2019
Qualified Plans
Non-qualified
Supplemental
Retirement Plans
Qualified Plans
Non-qualified
Supplemental
Retirement Plans
Foreign
Foreign
Plan assets
$
31.3

 
$

 
$
30.0

 
$

 
Projected benefit plan obligations
49.5

 
33.0

 
44.7

 
31.5

 
Funded status
$
(18.2
)
 
$
(33.0
)
 
$
(14.7
)
 
$
(31.5
)
 
Current liability
(0.1
)
 
(2.8
)
 
(0.4
)
 
(3.8
)
 
Long-term liability
(18.1
)
 
(30.2
)
 
(14.3
)
 
(27.7
)
 
Total benefit plan obligations
$
(18.2
)
 
$
(33.0
)
 
$
(14.7
)
 
$
(31.5
)
 
Accumulated benefit obligation
$
44.6

 
$
32.9

 
$
23.7

 
$
31.3

 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
The following tables summarize our defined benefit pension and post-retirement plans.

Defined Benefit
Pension Plans
Post-Retirement
Plans
February 28,
2020
February 22,
2019
February 28,
2020
February 22,
2019
Change in plan assets:
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning of year
$
30.0

 
$
33.1

 
$

 
$

 
Actual return on plan assets
1.6

 
0.3

 

 

 
Employer contributions
4.9

 
4.3

 
4.0

 
3.6

 
Plan participants’ contributions

 

 
1.9

 
1.9

 
Currency changes
(0.3
)
 
(2.0
)
 

 

 
Benefits paid
(4.9
)
 
(5.7
)
 
(5.9
)
 
(5.5
)
 
Fair value of plan assets, end of year
31.3

 
30.0

 

 

 
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Change in benefit obligations:
 
 
 
 
 
 
 
 
Benefit plan obligations, beginning of year
76.2

 
80.1

 
40.7

 
43.4

 
Service cost
1.8

 
2.2

 
0.1

 
0.1

 
Interest cost
2.0

 
2.1

 
1.6

 
1.6

 
Amendments

 
1.0

 

 

 
Net actuarial (gain) loss
8.2

 
(0.2
)
 
5.9

 
(0.8
)
 
Plan participants’ contributions

 

 
1.9

 
1.9

 
Currency changes
(0.8
)
 
(3.3
)
 

 

 
Benefits paid
(4.9
)
 
(5.7
)
 
(5.9
)
 
(5.5
)
 
Benefit plan obligations, end of year
82.5

 
76.2

 
44.3

 
40.7

 
Funded status
$
(51.2
)
 
$
(46.2
)
 
$
(44.3
)
 
$
(40.7
)
 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Amounts recognized on the Consolidated Balance Sheets:
 
 
 
 
 
 
 
 
Long-term asset
$

 
$

 
$

 
$

 
Current liability
(2.9
)
 
(4.2
)
 
(3.3
)
 
(3.4
)
 
Long-term liability
(48.3
)
 
(42.0
)
 
(41.0
)
 
(37.3
)
 
Net amount recognized
$
(51.2
)
 
$
(46.2
)
 
$
(44.3
)
 
$
(40.7
)
 
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]
Amounts recognized in accumulated other comprehensive income (loss) —pretax:
 
 
 
 
 
 
 
 
Actuarial loss (gain)
$
20.3

 
$
12.8

 
$
(13.6
)
 
$
(22.9
)
 
Prior service cost
0.7

 
0.6

 

 

 
Total amounts recognized in accumulated other comprehensive income (loss) —pretax
$
21.0

 
$
13.4

 
$
(13.6
)
 
$
(22.9
)
 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year:
 
 
 
 
 
 
 
 
Actuarial loss (gain)
$
1.1

 
$
0.4

 
$
(2.1
)
 
$
(3.4
)
 
Prior service credit
(0.1
)
 
(0.1
)
 

 

 
Total amounts recognized in accumulated other comprehensive income (loss) —pretax
$
1.0

 
$
0.3

 
$
(2.1
)
 
$
(3.4
)
 


Schedule of Net Benefit Costs [Table Text Block]

Pension Plans
Post-Retirement Plans
Year Ended
Year Ended
February 28,
2020
February 22,
2019
February 23,
2018
February 28,
2020
February 22,
2019
February 23,
2018
Components of expense (1):
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
1.8

 
$
2.2

 
$
2.7

 
$
0.1

 
$
0.1

 
$
0.2

 
Interest cost
2.0

 
2.1

 
2.1

 
1.6

 
1.6

 
1.7

 
Amortization of net loss (gain)
0.4

 
0.3

 
0.5

 
(3.3
)
 
(3.8
)
 
(3.7
)
 
Amortization of prior year service credit
(0.1
)
 
(0.2
)
 
(0.2
)
 

 
(2.2
)
 
(7.0
)
 
Expected return on plan assets
(1.3
)
 
(1.5
)
 
(1.4
)
 

 

 

 
Settlement

 

 
7.1

 

 

 

 
Net expense (credit) recognized in Consolidated Statements of Income
2.8

 
2.9

 
10.8

 
(1.6
)
 
(4.3
)
 
(8.8
)
 
Other changes in plan assets and benefit obligations recognized in other comprehensive income (pre-tax):
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss (gain)
7.9

 
1.0

 
(4.3
)
 
5.9

 
(0.8
)
 
(1.2
)
 
Prior service cost (credit)

 
1.0

 

 

 

 

 
Amortization of gain (loss)
(0.4
)
 
(0.3
)
 
(0.5
)
 
3.4

 
3.8

 
3.7

 
Amortization of prior year service credit
0.1

 
0.2

 
0.2

 

 
2.2

 
7.0

 
Losses recognized as part of the curtailment / settlement

 

 
(7.3
)
 

 

 

 
Prior service cost recognized as a part of curtailment / settlement

 

 

 

 

 

 
Other

 

 

 

 
0.1

 

 
Total recognized in other comprehensive income
7.6

 
1.9

 
(11.9
)
 
9.3

 
5.3

 
9.5

 
Total recognized in net periodic benefit cost and other comprehensive income (pre-tax)
$
10.4

 
$
4.8

 
$
(1.1
)
 
$
7.7

 
$
1.0

 
$
0.7

 

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Pension and Other Post-Retirement Liability Adjustments [Table Text Block]
Pension and Other Post-Retirement Accumulated Other Comprehensive Income (Loss) Changes
Before Tax
Amount
Tax (Expense)
Benefit
Net of
Tax Amount
Balance as of February 23, 2018
$
16.1

 
$
(1.4
)
 
$
14.7

 
Prior service (cost) credit from plan amendment arising during period
(1.0
)
 
0.2

 
(0.8
)
 
Amortization of prior service cost (credit) included in net periodic pension cost
(2.5
)
 
0.6

 
(1.9
)
 
   Net prior service (cost) credit during period
(3.5
)
 
0.8

 
(2.7
)
 
Net actuarial gain (loss) arising during period
(0.2
)
 
(0.1
)
 
(0.3
)
 
Amortization of net actuarial (gain) loss included in net periodic pension cost
(3.5
)
 
1.0

 
(2.5
)
 
Gain/losses recognized as a part of the settlement

 

 

 
   Net actuarial gain (loss) during period
(3.7
)
 
0.9

 
(2.8
)
 
Foreign currency translation adjustments
0.6

 
(0.1
)
 
0.5

 
   Current period change
(6.6
)
 
1.6

 
(5.0
)
 
Balance as of February 22, 2019
$
9.5

 
$
0.2

 
$
9.7

 
Amortization of prior service cost (credit) included in net periodic pension cost
(0.1
)
 

 
(0.1
)
 
   Net prior service (cost) credit during period
(0.1
)
 

 
(0.1
)
 
Net actuarial gain (loss) arising during period
(13.9
)
 
3.4

 
(10.5
)
 
Amortization of net actuarial (gain) loss included in net periodic pension cost
(3.0
)
 
0.7

 
(2.3
)
 
Gains (losses) recognized as a part of the settlement

 

 

 
   Net actuarial gain (loss) during period
(16.9
)
 
4.1

 
(12.8
)
 
Foreign currency translation adjustments
0.1

 

 
0.1

 
   Current period change
(16.9
)
 
4.1

 
(12.8
)
 
Balance as of February 28, 2020
$
(7.4
)
 
$
4.3

 
$
(3.1
)
 
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted-Average
Assumptions
Pension Plans
Post-Retirement Plans
Year Ended
Year Ended
February 28,
2020
February 22,
2019
February 23,
2018
February 28,
2020
February 22,
2019
February 23,
2018
Weighted-average assumptions used to determine benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
1.70
%
 
2.90
%
 
2.90
%
 
2.58
%
 
4.08
%
 
3.97
%
 
Rate of salary progression
3.50
%
 
3.60
%
 
3.60
%
 
 
 
 
 
 
 
Weighted-average assumptions used to determine net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
2.70
%
 
2.90
%
 
2.80
%
 
4.06
%
 
3.95
%
 
3.84
%
 
Expected return on plan assets
3.00
%
 
4.60
%
 
4.80
%
 
 
 
 
 
 
 
Rate of salary progression
3.50
%
 
3.40
%
 
3.50
%
 
 
 
 
 
 
 

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] A one percentage point change in assumed healthcare cost trend rates would have had the following effects as of February 28, 2020:
Health Cost Trend Sensitivity
One percentage
point increase
One percentage
point decrease
Effect on total of service and interest cost components
$

 
$

 
Effect on post-retirement benefit obligation
$
0.1

 
$
(0.1
)
 

Schedule of Allocation of Plan Assets [Table Text Block]
Asset Category
February 28, 2020
February 22, 2019
Actual
Allocations
Target
Allocations
Actual
Allocations
Target
Allocations
Equity securities
60
%
 
40
%
 
80
%
 
55
%
 
Debt securities
35

 
30

 
16

 
30

 
Real estate
4

 

 
4

 

 
Other (1)
1

 
30

 

 
15

 
Total
100
%
 
100
%
 
100
%
 
100
%
 
________________________
(1)
Represents money market funds and cash.
The fair value of the pension plan assets as of February 28, 2020 and February 22, 2019, by asset category are as follows:
Fair Value of Pension Plan Assets
February 28, 2020
Level 1
Level 2
Level 3
Total
Cash and cash equivalents
$
0.2

 
$

 
$

 
$
0.2

 
Equity securities:
 
 
 
 
 
 
 
 
International

 
18.9

 

 
18.9

 
Fixed income securities:
 
 
 
 
 
 
 
 
Bond funds

 
11.1

 

 
11.1

 
Other investments:
 
 
 
 
 
 
 
 
Property and property funds

 
1.1

 

 
1.1

 
 
$
0.2

 
$
31.1

 
$

 
$
31.3

 
Fair Value of Pension Plan Assets
February 22, 2019
Level 1
Level 2
Level 3
Total
Cash and cash equivalents
$

 
$

 
$

 
$

 
Equity securities:
 
 
 
 
 
 
 
 
International

 
24.5

 

 
24.5

 
Fixed income securities:
 
 
 
 
 
 
 
 
Bond funds

 
4.4

 

 
4.4

 
Other investments:
 
 
 
 
 
 
 
 
Property and property funds

 
1.1

 

 
1.1

 
 
$

 
$
30.0

 
$

 
$
30.0

 

There were no transfers between Level 1 and Level 2 of the fair value hierarchy for any periods presented.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
Below is a roll-forward of plan assets measured at estimated fair value using Level 3 inputs for the year ended February 22, 2019:
Roll-forward of Fair Value Using Level 3 Inputs
Group Annuity Contract
Guaranteed
Insurance
Contracts
Balance as of February 23, 2018
$

 
$
0.4

 
Purchases, sales, and other, net

 
(0.4
)
 
Balance as of February 22, 2019
$

 
$

 

Schedule of Expected Benefit Payments [Table Text Block] The estimated future benefit payments under our pension and post-retirement plans are as follows:
 
Fiscal Year Ending in February
Pension Plans
Post-retirement Plans
 
 
2021
$
3.6

 
$
3.4

 
 
2022
3.5

 
3.4

 
 
2023
4.1

 
3.4

 
 
2024
4.9

 
3.4

 
 
2025
4.5

 
3.3

 
 
2026 - 2030
22.4

 
14.5