Discontinued Operations (Tables)

9 Months Ended

Dec. 03, 2016

Discontinued Operations and Disposal Groups [Abstract]

Summary of Company's Operating Results and Certain Other Directly Attributable Expenses

The major classes of operating results classified as discontinued operations within the Condensed Consolidated Statements of Operations were as follows:

	Third Quarter Ended					Year-To-Date Ended
	December 3,   2016   (12 weeks)			December 5,   2015   (12 weeks)		December 3,   2016   (40 weeks)		December 5,   2015   (40 weeks)
Net sales	$	1,038		$	1,069	$	3,529	$	3,567
Cost of sales	874			905		2,969		3,016
Gross profit	164			164		560		551
Selling and administrative expenses	135			129		454		430
Goodwill impairment charge	37			—		37		—
Operating (loss) earnings	(8		)	35		69		121
Interest expense (income), net	—			—		1		(6		)
(Loss) earnings from discontinued operations before income taxes	(8		)	35		68		127
Income tax provision	6			16		35		49
(Loss) income from discontinued operations, net of tax	$	(14	)	$	19	$	33	$	78

The carrying amounts of major classes of assets and liabilities that were classified as discontinued operations on the Condensed Consolidated Balance Sheets were as follows:

	December 3, 2016			February 27, 2016
Current assets
Cash and cash equivalents	$	17		$	15
Receivables, net	37			45
Inventories, net	321			298
Other current assets	19			18
Total current assets of discontinued operations	394			376
Long-term assets
Property, plant and equipment, net	473			460
Goodwill	106			142
Intangible assets, net	8			8
Deferred tax assets	(8		)	(10		)
Other assets	12			13
Total long-term assets of discontinued operations	591			613
Total assets of discontinued operations	$	985		$	989
Current liabilities
Accounts payable	$	244		$	289
Accrued vacation, compensation and benefits	35			34
Current maturities of capital lease obligations	1			1
Other current liabilities	25			22
Total current liabilities of discontinued operations	305			346
Long-term liabilities
Long-term capital lease obligations	9			9
Long-term tax liabilities	7			6
Other long-term liabilities	29			27
Total long-term liabilities of discontinued operations	45			42
Total liabilities of discontinued operations	350			388
Net assets of discontinued operations	$	635		$	601