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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Nov. 24, 2023
Nov. 25, 2022
OPERATING ACTIVITIES    
Net income $ 59.8 $ 19.6
Depreciation and amortization 62.8 67.2
Share-based compensation 22.1 18.0
Restructuring costs 18.1 15.3
Change in fair value of contingent consideration (9.5) 0.0
Other Operating Activities, Cash Flow Statement (12.4) (4.3)
Changes in operating assets and liabilities net of acquisitions:    
Increase (Decrease) in Accounts Receivable 5.8 (68.1)
Increase (Decrease) in Inventories 59.8 (48.2)
Increase (Decrease) in Income Taxes Receivable (4.6) 25.4
Increase (Decrease) in Other Operating Assets 0.3 (15.7)
Increase (Decrease) in Accounts Payable 30.2 7.8
Increase (Decrease) in Other Employee-Related Liabilities 17.3 17.0
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (1.7) (14.0)
Customer deposits received, net of revenue recognized during the period 5.1 (19.8)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities (1.8) 1.2
Net cash provided by operating activities 251.3 1.4
INVESTING ACTIVITIES    
Capital expenditures (37.4) (42.8)
Proceeds from disposal of fixed assets 28.2 5.6
Acquisition, net of cash acquired 0.0 (105.3)
Payments for (Proceeds from) Other Investing Activities 4.0 15.0
Net Cash Provided by (Used in) Investing Activities, Total (5.2) (127.5)
FINANCING ACTIVITIES    
Dividends paid (35.7) (45.6)
Borrowings on global committed bank facility 69.0 480.9
Repayments on global committed bank facility (69.0) (446.9)
Repayments on note payable (32.2) (2.1)
Proceeds from (Payments for) Other Financing Activities (6.1) (2.9)
Net Cash Provided by (Used in) Financing Activities, Total (74.0) (16.6)
Effect of exchange rate changes on cash and cash equivalents (0.2) (2.6)
Net increase (decrease) in cash, cash equivalents and restricted cash 171.9 (145.3)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance [1] 97.2 207.0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance [2] 269.1 61.7
Restricted Cash $ 7.1 $ 6.7
[1] These amounts include restricted cash of $6.8 and $6.1 as of February 24, 2023 and February 25, 2022, respectively.
[2] These amounts include restricted cash of $7.1 and $6.7 as of November 24, 2023 and November 25, 2022, respectively.