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Fair Value (Tables)

3 Months Ended

May 26, 2017

Fair Value [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis

Assets and liabilities measured at fair value in our Consolidated Balance Sheets as of May 26, 2017 and February 24, 2017 are summarized below:

	May 26, 2017
Fair Value of Financial Instruments	Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents	$	143.9			$	—			$	—			$	143.9
Restricted cash	2.5				—				—				2.5
Managed investment portfolio and other investments
Corporate debt securities	—				18.5				—				18.5
U.S. agency debt securities	—				10.1				—				10.1
Asset backed securities	—				5.4				—				5.4
U.S. government debt securities	2.3				—				—				2.3
Municipal debt securities	—				1.0				—				1.0
Foreign exchange forward contracts	—				1.5				—				1.5
Auction rate securities	—				—				3.5				3.5
	$	148.7			$	36.5			$	3.5			$	188.7
Liabilities:
Foreign exchange forward contracts	—				(0.5		)		—				(0.5		)
	$	—			$	(0.5	)		$	—			$	(0.5	)
	February 24, 2017
Fair Value of Financial Instruments	Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents	$	197.1			$	—			$	—			$	197.1
Restricted cash	2.5				—				—				2.5
Managed investment portfolio and other investments
Corporate debt securities	—				33.6				—				33.6
U.S. agency debt securities	—				18.6				—				18.6
Asset backed securities	—				3.7				—				3.7
U.S. government debt securities	2.4				—				—				2.4
Municipal debt securities	—				15.1				—				15.1
Foreign exchange forward contracts	—				3.5				—				3.5
Auction rate securities	—				—				3.5				3.5
	$	202.0			$	74.5			$	3.5			$	280.0
Liabilities:
Foreign exchange forward contracts	$	—			$	(0.9	)		$	—			$	(0.9	)
	$	—			$	(0.9	)		$	—			$	(0.9	)

Rollforward of Assets with Unobservable Inputs Measured at Fair Value on Recurring Basis

Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the three months ended May 26, 2017:

Roll-Forward of Fair Value Using Level 3 Inputs	Auction Rate Securities
Balance as of February 24, 2017	$	3.5
Unrealized loss on investments	—
Balance as of May 26, 2017	$	3.5

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- Definition

Fair Value [Abstract]

+ References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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