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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Nov. 26, 2021
Nov. 27, 2020
OPERATING ACTIVITIES    
Net income $ 6.2 $ 19.5
Depreciation and amortization 62.2 64.1
Goodwill, Impairment Loss 0.0 17.6
Restructuring Charges 0.0 27.0
Increase (Decrease) in Deferred Income Taxes (9.6) 17.9
Non-cash stock compensation 13.4 11.9
Equity in income of unconsolidated affiliates (4.4) (6.7)
Dividends received from unconsolidated affiliates 4.7 5.2
Other (19.5) (12.4)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (68.6) 105.2
Inventories (93.4) (16.4)
Other assets (18.3) (22.9)
Accounts payable 77.5 (47.0)
Employee compensation liabilities (15.3) (130.5)
Employee benefit obligations (13.5) (25.2)
contract with customer, increases in liability due to deposits received 21.3 30.4
Accrued Liabilities and Other Operating Liabilities (1.8) (0.5)
Net cash provided by operating activities 59.1 37.2
INVESTING ACTIVITIES    
Capital expenditures (45.3) (32.1)
Proceeds from Sale of Property, Plant, and Equipment 17.4 7.3
Other 9.2 7.0
Net cash provided by (used in) investing activities (51.3) (17.8)
FINANCING ACTIVITIES    
Dividends paid (45.9) (31.8)
Common stock repurchases (54.0) (42.7)
Proceeds from Lines of Credit 0.0 250.0
Repayments of Lines of Credit 0.0 (250.0)
Proceeds from (Payments for) Other Financing Activities 1.6 2.1
Net cash used in financing activities (101.5) (76.6)
Effect of exchange rate changes on cash and cash equivalents (1.6) 1.8
Net decrease in cash, cash equivalents and restricted cash (213.5) (55.4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [1] 495.6 547.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [2] $ 282.1 $ 491.7
Document Period End Date Nov. 26, 2021  
[1] These amounts include restricted cash of $5.8 and $6.1 as of February 26, 2021 and February 28, 2020, respectively.
[2] These amounts include restricted cash of $6.9 and $7.3 as of November 26, 2021 and November 27, 2020, respectively.Restricted cash primarily represents funds held in escrow for potential future workers’ compensation and product liability claims.  Restricted cash is included as part of Other assets in the Condensed Consolidated Balance Sheets.