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Consolidated Statements Of Cash Flows
12 Months Ended
Feb. 25, 2022
USD ($)
Feb. 26, 2021
USD ($)
Feb. 28, 2020
USD ($)
OPERATING ACTIVITIES      
Net Income (Loss) Attributable to Parent $ 4,000,000.0 $ 26,100,000 $ 199,700,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 83,200,000 85,200,000 85,600,000
Goodwill impairment charge 0 17,600,000 0
Restructuring costs 0 28,600,000 0
Loss (gain) on disposal of fixed assets 0 0 (19,600,000)
Deferred Income Tax Expense (Benefit) (14,100,000) 15,900,000 12,100,000
Non-cash stock compensation 16,100,000 20,900,000 16,700,000
Equity in income of unconsolidated affiliates (7,800,000) (9,300,000) (12,200,000)
Proceeds from Equity Method Investment, Distribution 5,500,000 8,100,000 12,500,000
Other (17,800,000) (13,300,000) (200,000)
Changes in operating assets and liabilities, net of acquisitions, divestures, and deconsolidations:      
Accounts receivable (74,900,000) 120,900,000 7,200,000
Inventories (133,400,000) 27,100,000 (6,200,000)
Other assets (1,100,000) (22,900,000) (1,900,000)
Accounts payable 62,900,000 (69,000,000.0) 10,800,000
Employee compensation liabilities (19,300,000) (138,700,000) 36,700,000
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (15,400,000) (22,600,000) (3,100,000)
Increase (Decrease) in Contract with Customer, Liability 18,400,000 2,200,000 8,300,000
Accrued expenses and other liabilities (8,900,000) (12,000,000.0) 14,400,000
Net cash provided by operating activities (102,600,000) 64,800,000 360,800,000
INVESTING ACTIVITIES      
Capital expenditures (60,500,000) (41,300,000) (73,400,000)
Proceeds from Sale of Property, Plant, and Equipment 17,400,000 7,400,000 1,800,000
Proceeds from Divestiture of Businesses 0 0 72,600,000
Payments to Acquire Businesses, Net of Cash Acquired (32,600,000) (3,800,000) (3,700,000)
Other 10,200,000 7,100,000 7,200,000
Net cash provided by (used in) investing activities (65,500,000) (30,600,000) 4,500,000
FINANCING ACTIVITIES      
Dividends paid (62,600,000) (43,500,000) (69,100,000)
Common stock repurchases (55,200,000) (42,700,000) (8,700,000)
Proceeds from Lines of Credit 0 250,000,000.0 0
Repayments of Lines of Credit 0 (250,000,000.0) 0
Proceeds from (Payments for) Other Financing Activities (2,200,000) (1,600,000) (4,100,000)
Net cash used in financing activities (120,000,000.0) (87,800,000) (81,900,000)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (500,000) 2,100,000 (1,100,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (288,600,000) (51,500,000) 282,300,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 207,000,000.0 [1] 495,600,000 [1],[2] 547,100,000 [1],[2]
Restricted Cash 6,100,000 5,800,000 6,100,000
Supplemental Cash Flow Information:      
Income taxes paid, net of refunds received 2,500,000 24,600,000 26,700,000
Interest paid, net of amounts capitalized $ 23,200,000 $ 25,400,000 $ 24,500,000
[1] These amounts include restricted cash of $6.1, $5.8 and $6.1 as of February 25, 2022, February 26, 2021 and February 28, 2020, respectively.
[2] These amounts include restricted cash of $5.8, $6.1 and $3.5 as of February 26, 2021, February 28, 2020 and February 22, 2019, respectively.