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Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 25, 2023
Aug. 27, 2022
Current assets    
Cash and cash equivalents $ 229.3 $ 282.2
Receivables, less allowance for doubtful accounts ($0.5 and $0.6, respectively) 281.3 254.1
Inventories, net 540.4 525.8
Prepaid expenses and other current assets 38.5 31.7
Total current assets 1,089.5 1,093.8
Property, plant, and equipment, net 310.4 276.2
Goodwill 484.2 484.2
Other intangible assets, net 464.8 472.4
Investment in life insurance 29.0 28.6
Operating lease assets 42.2 41.1
Deferred income tax assets, net 6.1 0.0
Other long-term assets 19.2 20.4
Total assets 2,445.4 2,416.7
Current liabilities    
Accounts payable 165.0 217.5
Income taxes payable 0.0 0.7
Accrued expenses:    
Accrued compensation 42.4 71.6
Product warranties 113.7 127.9
Self-insurance 21.4 21.4
Promotional 36.1 21.5
Accrued interest and dividends 4.6 13.0
Other current liabilities 51.9 48.5
Total current liabilities 435.1 522.1
Long-term debt, net 591.0 545.9
Deferred income tax liabilities, net 0.0 6.1
Unrecognized tax benefits 6.0 5.7
Long-term operating lease liabilities 41.7 40.4
Deferred compensation benefits, net of current portion 8.2 8.1
Other long-term liabilities 26.1 25.4
Total liabilities 1,108.1 1,153.7
Contingent liabilities and commitments (Note 11)
Shareholders' equity:    
Preferred stock, par value $0.01: 10.0 shares authorized; Zero shares issued and outstanding 0.0 0.0
Common stock, par value $0.50: 120.0 shares authorized; 51.8 shares issued 25.9 25.9
Additional paid-in capital 193.9 256.3
Retained earnings 1,671.0 1,537.5
Accumulated other comprehensive loss (0.4) (0.5)
Treasury stock, at cost: 21.2 and 21.5 shares, respectively (553.1) (556.2)
Total shareholders' equity 1,337.3 1,263.0
Total liabilities and shareholders' equity $ 2,445.4 $ 2,416.7