Leases, Codification Topic 842 (Tables)

3 Months Ended

May 27, 2022

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense for the three months ended May 27, 2022 and May 28, 2021 are as follows:

	Three Months Ended
	May 27, 2022		May 28, 2021
Operating lease cost	$	12.1	$	13.1
Sublease rental income	(0.6)		(0.4)
	$	11.5	$	12.7

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow and other information related to leases for the three months ended May 27, 2022 and May 28, 2021 are as follows:

	Three Months Ended
	May 27, 2022			May 28, 2021
Cash flow information:
Operating cash flows used for operating leases	$	13.5		$	13.4
Leased assets obtained in exchange for new operating lease obligations	$	3.2		$	1.6
Other information:
Weighted-average remaining term	5.8 years			6.5 years
Weighted-average discount rate	3.6		%	3.8		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table summarizes the future minimum lease payments as of May 27, 2022:

Fiscal year ending in February	Amount (1)
2023	$	38.6
2024	46.3
2025	44.4
2026	33.4
2027	26.8
Thereafter	49.4
Total lease payments	$	238.9
Less: Interest	23.5
Present value of lease liabilities	$	215.4

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(1)Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced.