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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 31, 2024
Aug. 26, 2023
Current assets    
Cash and cash equivalents $ 330.9 $ 309.9
Receivables, less allowance for credit losses ($0.2 and $0.4, respectively) 183.5 178.5
Inventories, net 438.7 470.6
Prepaid expenses and other current assets 35.6 37.7
Total current assets 988.7 996.7
Property, plant, and equipment, net 338.9 327.3
Goodwill 484.2 514.5
Other intangible assets, net 479.0 502.0
Investment in life insurance 29.6 29.3
Operating lease assets 46.6 42.6
Other long-term assets 17.2 20.0
Total assets 2,384.2 2,432.4
Current liabilities    
Accounts payable 144.7 146.9
Current maturities of long-term debt, net 59.1 0.0
Accrued expenses:    
Accrued compensation 35.9 35.9
Product warranties 78.9 97.8
Self-insurance 20.2 23.3
Promotional 30.4 29.9
Accrued interest and dividends 14.6 13.7
Other current liabilities 20.9 48.5
Total current liabilities 404.7 396.0
Non-current liabilities    
Long-term debt, net 637.1 592.4
Deferred income tax liabilities, net 3.0 11.7
Unrecognized tax benefits 5.4 6.1
Long-term operating lease liabilities 45.6 42.0
Deferred compensation benefits, net of current portion 6.6 7.9
Other long-term liabilities 8.5 8.2
Total liabilities 1,110.9 1,064.3
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 194.2 197.7
Retained earnings 1,723.3 1,747.8
Accumulated other comprehensive loss (0.4) (0.4)
Treasury stock, at cost: 23.0 and 22.0 shares, respectively (669.7) (602.9)
Total shareholders' equity 1,273.3 1,368.1
Total liabilities and shareholders' equity $ 2,384.2 $ 2,432.4