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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 26, 2023
Aug. 27, 2022
Current assets    
Cash and cash equivalents $ 309.9 $ 282.2
Receivables, less allowance for doubtful accounts ($0.4 and $0.6, respectively) 178.5 254.1
Inventories, net 470.6 525.8
Prepaid expenses and other current assets 37.7 31.7
Total current assets 996.7 1,093.8
Property, plant, and equipment, net 327.3 276.2
Goodwill 514.5 484.2
Other intangible assets, net 502.0 472.4
Investment in life insurance 29.3 28.6
Operating lease assets 42.6 41.1
Other long-term assets 20.0 20.4
Total assets 2,432.4 2,416.7
Current liabilities    
Accounts payable 146.9 217.5
Income taxes payable 0.0 0.7
Accrued expenses:    
Accrued compensation 35.9 71.6
Product warranties 97.8 127.9
Self-insurance 23.3 21.4
Promotional 29.9 21.5
Accrued interest and dividends 13.7 13.0
Other current liabilities 48.5 48.5
Total current liabilities 396.0 522.1
Non-current liabilities    
Long-term debt, net 592.4 545.9
Deferred income tax liabilities, net 11.7 6.1
Unrecognized tax benefits 6.1 5.7
Long-term operating lease liabilities 42.0 40.4
Deferred compensation benefits, net of current portion 7.9 8.1
Other long-term liabilities 8.2 25.4
Total liabilities 1,064.3 1,153.7
Contingent liabilities and commitments (Note 12)
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 197.7 256.3
Retained earnings 1,747.8 1,537.5
Accumulated other comprehensive loss (0.4) (0.5)
Treasury stock, at cost: 22.0 and 21.5 shares, respectively (602.9) (556.2)
Total shareholders' equity 1,368.1 1,263.0
Total liabilities and shareholders' equity $ 2,432.4 $ 2,416.7