XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Aug. 24, 2018
Aug. 25, 2017
OPERATING ACTIVITIES    
Net income $ 66.1 $ 55.0
Depreciation and amortization 38.7 31.2
Non-cash stock compensation 12.9 11.7
Equity in income of unconsolidated affiliates (6.8) (5.4)
Dividends received from unconsolidated affiliates 7.1 6.1
Other (11.2) (6.3)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (99.8) (25.2)
Inventories (38.0) (7.2)
Other assets 6.7 19.3
Accounts payable 45.6 2.8
Employee compensation liabilities (40.1) (59.2)
Employee benefit obligations (18.7) (15.7)
Accrued Liabilities and Other Operating Liabilities (0.8) 15.2
Net cash provided by operating activities (38.3) 22.3
INVESTING ACTIVITIES    
Capital expenditures (41.5) (36.6)
Purchases of short-term investments 0.0 (52.1)
Liquidations of short-term investments 0.0 60.7
Proceeds from liquidation of company owned life insurance 20.7 2.4
Payments to Acquire Businesses, Net of Cash Acquired 149.5 0.0
Other 1.9 7.4
Net cash provided by (used in) investing activities (168.4) (18.2)
FINANCING ACTIVITIES    
Dividends paid (32.3) (30.9)
Common stock repurchases (3.5) (33.1)
Repayments of Lines of Credit (66.7) 0.0
Proceeds from Lines of Credit 76.9 0.0
Repayments of long-term debt (1.3) (1.3)
Net cash used in financing activities (26.9) (65.3)
Effect of exchange rate changes on cash and cash equivalents (2.8) 3.4
Net decrease in cash, cash equivalents and restricted cash (236.4) (57.8)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [1] 285.6 199.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [2] 49.2 141.8
Restricted Cash $ 2.5 2.5
Restricted Cash   $ 2.5
[1] These amounts include restricted cash of $2.5 as of February 23, 2018 and February 24, 2017, which primarily represents funds held in escrow for potential future workers’ compensation claims. The restricted cash balance is included as part of Other Assets in the Condensed Consolidated Balance Sheets
[2] These amounts include restricted cash of $3.5 and $2.5 as of August 24, 2018 and August 25, 2017, respectively, which primarily represents funds held in escrow for potential future workers’ compensation claims. The restricted cash balance is included as part of Other Assets in the Condensed Consolidated Balance Sheets.