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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
May 29, 2020
Feb. 28, 2020
ASSETS    
Cash and cash equivalents $ 637.5 $ 541.0
Trade Accounts Receivable 264.1 381.8
Accounts Receivable, Allowance for Credit Loss (9.4) (9.4)
Inventories 246.7 215.0
Prepaid expense 22.2 21.6
Other current assets 69.1 38.8
Total current assets 1,230.2 1,188.8
Property, plant and equipment, net of accumulated depreciation of $993.1 and $977.7 417.2 426.3
Company-owned life insurance 161.5 160.0
Deferred income taxes 111.9 124.6
Goodwill 215.1 233.6
Other intangible assets, net of accumulated amortization of $60.1 and $56.7 95.9 102.9
Investments in unconsolidated affiliates 53.5 52.3
Operating Lease, Right-of-Use Asset 224.4 237.9
Other assets 29.8 39.0
Total assets 2,539.5 2,565.4
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 155.9 244.3
Short-term borrowings and current maturities of long-term debt 247.7 2.9
Operating Lease, Liability, Current 41.8 43.1
Accrued expenses:    
Employee compensation 62.6 191.7
Employee benefit plan obligations 23.0 44.7
Accrued promotions 26.2 35.3
Customer deposits 123.4 28.6
Other 109.5 100.3
Total current liabilities 790.1 690.9
Long-term liabilities:    
Long-term debt less current maturities 481.2 481.4
Employee benefit plan obligations 137.7 148.3
Operating Lease, Liability, Noncurrent 203.9 214.0
Other long-term liabilities 45.6 60.4
Total long-term liabilities 868.4 904.1
Total liabilities 1,658.5 1,595.0
Shareholders' equity:    
Additional paid-in capital [1] 0.0 28.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (77.9) (69.3)
Retained earnings 958.9 1,011.3
Total shareholders' equity 881.0 970.4
Total liabilities and shareholders' equity $ 2,539.5 $ 2,565.4
[1] Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.