XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Aug. 25, 2017
Aug. 26, 2016
OPERATING ACTIVITIES    
Net income $ 55.0 $ 57.6
Depreciation and amortization 31.2 29.4
Deferred income taxes (4.0) 18.7
Non-cash stock compensation 11.7 12.5
Equity in income of unconsolidated affiliates (5.4) (4.8)
Dividends received from unconsolidated affiliates 6.1 5.1
Other (2.3) (4.5)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (25.2) (0.1)
Inventories (7.2) (4.2)
VAT recoverable 9.5 13.2
Other assets 9.8 (13.4)
Accounts payable 2.8 10.1
Employee compensation liabilities (59.2) (70.3)
Employee benefit obligations (15.7) (14.9)
Accrued expenses and other liabilities 15.2 (14.3)
Net cash provided by operating activities 22.3 20.1
INVESTING ACTIVITIES    
Capital expenditures (36.6) (26.8)
Purchases of short-term investments (52.1) (37.2)
Liquidations of short-term investments 60.7 74.8
Other 9.8 0.8
Net cash provided by (used in) investing activities (18.2) 11.6
FINANCING ACTIVITIES    
Dividends paid (30.9) (29.6)
Common stock repurchases (33.1) (32.5)
Excess tax benefit from vesting of stock awards 0.0 (0.3)
Repayments of long-term debt (1.3) (0.7)
Net cash used in financing activities (65.3) (63.1)
Effect of exchange rate changes on cash and cash equivalents 3.4 1.0
Net decrease in cash and cash equivalents (57.8) (30.4)
Cash and cash equivalents, beginning of period 197.1 181.9
Cash and cash equivalents, end of period $ 139.3 $ 151.5