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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 26, 2017
May 27, 2016
OPERATING ACTIVITIES    
Net income $ 18.1 $ 19.4
Depreciation and amortization 15.4 15.1
Deferred income taxes (0.6) 33.6
Non-cash stock compensation 8.4 9.1
Equity in income of unconsolidated affiliates (3.0) (2.5)
Dividends received from unconsolidated affiliates 4.2 1.6
Other 7.9 (3.4)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (16.5) (1.2)
Inventories (9.9) 3.3
VAT recoverable 8.3 14.4
Other assets 2.8 (22.9)
Accounts payable 7.4 (5.4)
Employee compensation liabilities (85.5) (103.4)
Employee benefit obligations (21.7) (21.5)
Accrued expenses and other liabilities 14.2 (1.9)
Net cash provided by operating activities (50.5) (65.7)
INVESTING ACTIVITIES    
Capital expenditures (16.8) (14.3)
Purchases of short-term investments (19.4) (6.0)
Liquidations of short-term investments 55.5 71.8
Other (0.6) 1.4
Net cash provided by (used in) investing activities 18.7 52.9
FINANCING ACTIVITIES    
Dividends paid (15.7) (15.2)
Common stock repurchases (5.8) (20.9)
Excess tax benefit from vesting of stock awards 0.0 (0.3)
Repayments of long-term debt (0.7) 0.0
Net cash used in financing activities (22.2) (36.4)
Effect of exchange rate changes on cash and cash equivalents 0.8 0.7
Net decrease in cash and cash equivalents (53.2) (48.5)
Cash and cash equivalents, beginning of period 197.1 181.9
Cash and cash equivalents, end of period $ 143.9 $ 133.4