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FAIR VALUE MEASUREMENTS (Tables)
 4 Months Ended
Jun. 20, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents assets and liabilities which were measured at fair value on a recurring basis as of June 20, 2020 (in millions):
 
 
Fair Value Measurements
 
 
Total
 
Quoted prices in active markets
 for identical assets
(Level 1)
 
Significant
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market
 
$
14.0

 
$
14.0

 
$
—

 
$
—

Short-term investments (1)
 
13.0

 
3.8

 
9.2

 
—

Non-current investments (2)
 
84.3

 
22.3

 
62.0

 
—

Total
 
$
111.3

 
$
40.1

 
$
71.2

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative contracts (3)
 
$
78.3

 
$
—

 
$
78.3

 
$
—

Total
 
$
78.3

 
$
—

 
$
78.3

 
$
—

(1) Primarily relates to Mutual Funds. Included in Other current assets.
(2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.
(3) Primarily relates to interest rate swaps. Included in Other current liabilities.
The following table presents assets and liabilities which were measured at fair value on a recurring basis as of February 29, 2020 (in millions):
 
 
Fair Value Measurements
 
 
Total
 
Quoted prices in active markets
 for identical assets
(Level 1)
 
Significant
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market
 
$
2.0

 
$
2.0

 
$
—

 
$
—

Short-term investments (1)
 
13.5

 
5.0

 
8.5

 
—

Non-current investments (2)
 
85.9

 
26.8

 
59.1

 
—

Total
 
$
101.4

 
$
33.8

 
$
67.6

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative contracts (3)
 
$
66.4

 
$
—

 
$
66.4

 
$
—

Total
 
$
66.4

 
$
—

 
$
66.4

 
$
—


(1) Primarily relates to Mutual Funds (Level 1) and Corporate Bonds (Level 2). Included in Other current assets.
(2) Primarily relates to investments in publicly traded stock (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.
(3) Primarily relates to interest rate swaps. Included in Other current liabilities.