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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 24, 2017
Feb. 24, 2017
ASSETS    
Cash and cash equivalents $ 244.1 $ 197.1
Short-term investments 0.0 73.4
Accounts receivable, net of allowances of $11.7 and $11.2 347.5 307.6
Inventories 186.3 163.1
Prepaid expense 21.5 19.1
Other current assets 47.7 58.9
Total current assets 847.1 819.2
Property, plant and equipment, net of accumulated depreciation of $1,011.0 and $959.6 430.4 408.1
Company-owned life insurance 170.5 168.8
Deferred income taxes 192.8 179.6
Goodwill 107.0 106.7
Other intangible assets, net of accumulated amortization of $44.4 and $43.2 16.3 16.8
Investments in unconsolidated affiliates 53.7 50.5
Other assets 30.7 42.3
Total assets 1,848.5 1,792.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 247.1 216.8
Short-term borrowings and current maturities of long-term debt 2.8 2.8
Accrued expenses:    
Employee compensation 114.5 154.3
Employee benefit plan obligations 29.9 35.0
Accrued promotions 29.6 19.0
Customer deposits 20.2 15.9
Product warranties 17.6 20.4
Other 74.0 59.2
Total current liabilities 535.7 523.4
Long-term liabilities:    
Long-term debt less current maturities 292.8 294.6
Employee benefit plan obligations 138.9 134.3
Other long-term liabilities 67.8 73.2
Total long-term liabilities 499.5 502.1
Total liabilities 1,035.2 1,025.5
Shareholders' equity:    
Common stock 0.0 0.0
Additional paid-in capital 3.5 0.0
Accumulated Other Comprehensive Income (Loss), Net of Tax (24.2) (50.6)
Retained earnings 834.0 817.1
Total shareholders' equity 813.3 766.5
Total liabilities and shareholders' equity $ 1,848.5 $ 1,792.0