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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
May 28, 2021
Feb. 26, 2021
ASSETS    
Cash and cash equivalents $ 397.2 $ 489.8
Trade Accounts Receivable 269.4 279.0
Accounts Receivable, Allowance for Credit Loss (9.1) (8.7)
Inventories 227.6 193.5
Prepaid expense 24.9 20.9
Income Taxes Receivable, Current 59.0 49.5
Other current assets 23.1 21.4
Total current assets 992.1 1,045.4
Property, plant and equipment, net of accumulated depreciation of $1,079.5 and $1,063.2 412.3 410.8
Company-owned life insurance 168.9 169.5
Deferred income taxes 115.3 113.3
Goodwill 218.4 218.1
Other intangible assets, net of accumulated amortization of $77.0 and $73.3 86.8 90.4
Investments in unconsolidated affiliates 51.3 51.5
Operating Lease, Right-of-Use Asset 216.8 225.4
Other assets 27.7 29.6
Total assets 2,289.6 2,354.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 199.3 181.3
Short-term borrowings and current maturities of long-term debt 5.0 4.7
Operating Lease, Liability, Current 43.3 43.8
Accrued expenses:    
Employee compensation 61.7 90.1
Employee benefit plan obligations 15.6 24.9
Accrued promotions 25.2 27.8
Contract with Customer, Liability 42.2 33.7
Other 105.9 108.7
Total current liabilities 498.2 515.0
Long-term liabilities:    
Long-term debt less current maturities 478.7 479.2
Employee benefit plan obligations 144.9 152.9
Operating Lease, Liability, Noncurrent 191.2 199.5
Other long-term liabilities 46.3 46.9
Total long-term liabilities 861.1 878.5
Total liabilities 1,359.3 1,393.5
Shareholders' equity:    
Additional paid-in capital [1] 21.3 12.5
Accumulated Other Comprehensive Income (Loss), Net of Tax (38.8) (40.0)
Retained earnings 947.8 988.0
Total shareholders' equity 930.3 960.5
Total liabilities and shareholders' equity $ 2,289.6 $ 2,354.0
[1] Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.