Property, Plant And Equipment

12 Months Ended

Feb. 23, 2018

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT



Property, Plant and Equipment	Estimated Useful Lives (Years)	February 23, 2018			February 24, 2017
Land		$	36.3		$	31.7
Machinery and equipment	3 – 15	719.2			703.8
Buildings and improvements	10 – 40	396.7			383.4
Capitalized software	3 – 10	112.3			104.5
Furniture and fixtures	5 – 8	58.9			55.9
Leasehold improvements	3 – 15	74.9			59.0
Construction in progress		34.9			29.4
		1,433.2			1,367.7
Accumulated depreciation		(998.1		)	(959.6		)
		$	435.1		$	408.1

A majority of the net book value of property, plant and equipment relates to machinery and equipment of $183.4 and $184.7 and buildings and improvements of $116.0 and $110.2 as of February 23, 2018 and February 24, 2017, respectively. Depreciation expense on property, plant and equipment was $64.5 for 2018, $59.3 for 2017 and $63.3 for 2016. The estimated cost to complete construction in progress was $15.4 and $21.6 as of February 23, 2018 and February 24, 2017, respectively.

As of February 23, 2018, assets held for sale was $13.4. The amount is related to the fair value of an aircraft included as part of the Americas segment and expected to be sold in 2019. The fair value of the asset was assessed as of February 23, 2018 using level 3 inputs, including recent comparable transactions. At that time, we recognized $1.5 of impairment charges in operating expense related to the aircraft to write down the asset to its estimated fair value less costs to sell.