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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 28, 2020
Feb. 28, 2020
ASSETS    
Cash and cash equivalents   $ 541.0
Trade Accounts Receivable $ 329.0 381.8
Accounts Receivable, Allowance for Credit Loss (9.9) (9.4)
Inventories 217.5 215.0
Prepaid expense 23.6 21.6
Other current assets 56.5 38.8
Total current assets 1,132.6 1,188.8
Property, plant and equipment, net of accumulated depreciation of $1,024.0 and $977.7 418.1 426.3
Company-owned life insurance 167.8 160.0
Deferred income taxes 110.0 124.6
Goodwill 215.1 233.6
Other intangible assets, net of accumulated amortization of $65.1 and $56.7 94.5 102.9
Investments in unconsolidated affiliates 54.0 52.3
Operating Lease, Right-of-Use Asset 219.1 237.9
Other assets 28.5 39.0
Total assets 2,439.7 2,565.4
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 210.2 244.3
Short-term borrowings and current maturities of long-term debt 2.6 2.9
Operating Lease, Liability, Current 42.8 43.1
Accrued expenses:    
Employee compensation 93.2 191.7
Employee benefit plan obligations 28.2 44.7
Accrued promotions 28.6 35.3
Customer deposits 104.0 28.6
Other 110.4 100.3
Total current liabilities 620.0 690.9
Long-term liabilities:    
Long-term debt less current maturities 480.7 481.4
Employee benefit plan obligations 143.0 148.3
Operating Lease, Liability, Noncurrent 198.7 214.0
Other long-term liabilities 49.2 60.4
Total long-term liabilities 871.6 904.1
Total liabilities 1,491.6 1,595.0
Shareholders' equity:    
Additional paid-in capital [1] 1.7 28.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (56.3) (69.3)
Retained earnings 1,002.7 1,011.3
Total shareholders' equity 948.1 970.4
Total liabilities and shareholders' equity $ 2,439.7 $ 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.