Fair Value (Tables)

9 Months Ended

Nov. 26, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value as of November 26, 2021 and February 26, 2021 are summarized below:

	November 26, 2021
Fair Value of Financial Instruments	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	274.1	$	—	$	—	$	274.1
Restricted cash	6.9		—		—		6.9
Foreign exchange forward contracts	—		0.2		—		0.2
Auction rate security	—		—		2.7		2.7
	$	281.0	$	0.2	$	2.7	$	283.9
Liabilities:
Foreign exchange forward contracts	$	—	$	(2.1)	$	—	$	(2.1)
	$	—	$	(2.1)	$	—	$	(2.1)
	February 26, 2021
Fair Value of Financial Instruments	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	489.8	$	—	$	—	$	489.8
Restricted cash	5.8		—		—		5.8
Foreign exchange forward contracts	—		1.1		—		1.1
Auction rate security	—		—		2.6		2.6
	$	495.6	$	1.1	$	2.6	$	499.3
Liabilities:
Foreign exchange forward contracts	$	—	$	(0.8)	$	—	$	(0.8)
	$	—	$	(0.8)	$	—	$	(0.8)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the nine months ended November 26, 2021:

Roll-Forward of Fair Value Using Level 3 Inputs	Auction Rate Security
Balance as of February 26, 2021	$	2.6
Unrealized gain on investment	0.1
Balance as of November 26, 2021	$	2.7