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Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 25, 2022
Feb. 26, 2021
ASSETS    
Cash and cash equivalents $ 200.9 $ 489.8
Accounts receivable 348.4 279.0
Allowance for doubtful accounts (8.0) (8.7)
Inventories 326.2 193.5
Prepaid expenses 24.0 20.9
Income taxes receivable 41.7 49.5
Other current assets 26.0 21.4
Total current assets 959.2 1,045.4
Property, plant and equipment, net of accumulated depreciation of $1,089.0 and $1,063.2 392.8 410.8
Company-owned life insurance ("COLI") 168.0 169.5
Deferred income taxes 121.2 113.3
Goodwill 242.8 218.1
Other intangible assets, net of accumulated amortization of $86.4 and $73.3 85.5 90.4
Investments in unconsolidated affiliates 53.1 51.5
Right-of-use operating lease assets 209.8 225.4
Other assets 28.6 29.6
Total assets 2,261.0 2,354.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 243.6 181.3
Short-term borrowings and current portion of long-term debt 5.1 4.7
Current operating lease obligations 44.2 43.8
Accrued expenses:    
Employee compensation 75.6 90.1
Employee benefit plan obligations 25.4 24.9
Accrued promotions 32.9 27.8
Contract with Customer, Liability, Current 53.4 33.7
Other Accrued Liabilities, Current 87.0 108.7
Total current liabilities 567.2 515.0
Long-term liabilities:    
Long-term debt less current maturities 477.4 479.2
Employee benefit plan obligations 126.7 152.9
Long-term operating lease obligations 182.2 199.5
Other long-term liabilities 55.3 46.9
Total long-term liabilities 841.6 878.5
Total liabilities 1,408.8 1,393.5
Shareholders' equity:    
Additional paid-in capital 1.5 12.5
Accumulated other comprehensive income (loss) (50.6) (40.0)
Retained earnings 901.3 988.0
Total shareholders’ equity 852.2 960.5
Total liabilities and shareholders’ equity 2,261.0 2,354.0
Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock-no par value; 50,000,000 shares authorized, none issued and outstanding 0.0 0.0
Class A Common Stock-no par value; 475,000,000 shares authorized, 85,728,770 and 85,975,298 issued and outstanding [Member]    
Shareholders' equity:    
Common stock 0.0 0.0
Class B Common Stock-no par value; 475,000,000 shares authorized, 30,428,673 and 31,348,049 issued and outstanding [Member]    
Shareholders' equity:    
Common stock $ 0.0 $ 0.0