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Consolidated Balance Sheets - USD ($)
$ in Millions
May 25, 2024
Aug. 26, 2023
Current assets    
Cash and cash equivalents $ 318.1 $ 309.9
Receivables, less allowance for credit losses ($0.4 and $0.4, respectively) 199.3 178.5
Inventories, net 441.5 470.6
Prepaid expenses and other current assets 24.8 37.7
Total current assets 983.7 996.7
Property, plant, and equipment, net 335.5 327.3
Goodwill 514.5 514.5
Other intangible assets, net 485.1 502.0
Investment in life insurance 30.2 29.3
Operating lease assets 48.1 42.6
Deferred income tax assets, net 8.9 0.0
Other long-term assets 19.0 20.0
Total assets 2,425.0 2,432.4
Current liabilities    
Accounts payable 134.0 146.9
Income taxes payable 3.1 0.0
Current maturities of long-term debt, net 59.0 0.0
Accrued expenses:    
Accrued compensation 37.8 35.9
Product warranties 85.0 97.8
Self-insurance 22.1 23.3
Promotional 20.6 29.9
Accrued interest and dividends 20.2 13.7
Other current liabilities 20.0 48.5
Total current liabilities 401.8 396.0
Non-current liabilities    
Long-term debt, net 636.4 592.4
Deferred income tax liabilities, net 0.0 11.7
Unrecognized tax benefits 6.0 6.1
Long-term operating lease liabilities 47.3 42.0
Deferred compensation benefits, net of current portion 6.9 7.9
Other long-term liabilities 8.2 8.2
Total liabilities 1,106.6 1,064.3
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 191.1 197.7
Retained earnings 1,762.3 1,747.8
Accumulated other comprehensive loss (0.4) (0.4)
Treasury stock, at cost: 22.8 and 22.0 shares, respectively (660.5) (602.9)
Total shareholders' equity 1,318.4 1,368.1
Total liabilities and shareholders' equity $ 2,425.0 $ 2,432.4