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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 26, 2021
Feb. 26, 2021
ASSETS    
Cash and cash equivalents $ 275.2 $ 489.8
Trade Accounts Receivable 341.8 279.0
Accounts Receivable, Allowance for Credit Loss (8.5) (8.7)
Inventories 286.1 193.5
Prepaid expense 35.7 20.9
Income Taxes Receivable, Current 51.0 49.5
Other current assets 22.2 21.4
Total current assets 1,003.5 1,045.4
Property, plant and equipment, net of accumulated depreciation of $1,084.6 and $1,063.2 394.8 410.8
Company-owned life insurance 170.0 169.5
Deferred Income Tax Assets, Net 119.7 113.3
Goodwill 242.7 218.1
Other intangible assets, net of accumulated amortization of $82.4 and $73.3 89.1 90.4
Investments in unconsolidated affiliates 50.6 51.5
Operating Lease, Right-of-Use Asset 222.7 225.4
Other assets 25.7 29.6
Total assets 2,318.8 2,354.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 257.8 181.3
Short-term borrowings and current maturities of long-term debt 5.0 4.7
Operating Lease, Liability, Current 43.7 43.8
Accrued expenses:    
Employee compensation 79.9 90.1
Employee benefit plan obligations 20.6 24.9
Accrued promotions 27.2 27.8
Contract with Customer, Liability 56.2 33.7
Other 100.6 108.7
Total current liabilities 591.0 515.0
Long-term liabilities:    
Long-term debt less current maturities 477.9 479.2
Employee benefit plan obligations 144.1 152.9
Operating Lease, Liability, Noncurrent 195.8 199.5
Other long-term liabilities 53.4 46.9
Total long-term liabilities 871.2 878.5
Total liabilities 1,462.2 1,393.5
Shareholders' equity:    
Additional paid-in capital [1] 0.0 12.5
Accumulated Other Comprehensive Income (Loss), Net of Tax (63.6) (40.0)
Retained earnings 920.2 988.0
Total shareholders' equity 856.6 960.5
Total liabilities and shareholders' equity $ 2,318.8 $ 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.