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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 23, 2019
Feb. 22, 2019
ASSETS    
Cash and cash equivalents $ 229.1 $ 261.3
Accounts receivable, net of allowances of $10.0 and $8.7 467.3 390.3
Inventories 243.1 224.8
Prepaid expense 27.5 19.5
Other current assets 46.3 52.7
Total current assets 1,013.3 948.6
Property, plant and equipment, net of accumulated depreciation of $980.9 and $1,009.3 447.2 455.5
Company-owned life insurance 156.2 156.1
Deferred income taxes 130.5 135.8
Goodwill 239.5 240.8
Other intangible assets, net of accumulated amortization of $61.3 and $55.8 111.0 119.3
Investments in unconsolidated affiliates 53.3 56.9
Operating Lease, Right-of-Use Asset 215.6 0.0
Other assets 28.4 29.4
Total assets 2,395.0 2,142.4
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 277.0 241.2
Short-term borrowings and current maturities of long-term debt 3.1 4.1
Operating Lease, Liability, Current 36.3 0.0
Accrued expenses:    
Employee compensation 124.0 168.1
Employee benefit plan obligations 30.2 37.1
Accrued promotions 35.3 27.7
Customer deposits 27.1 20.0
Product warranties 13.9 16.4
Taxes Payable, Current 16.4 3.5
Other 81.2 77.1
Total current liabilities 644.5 595.2
Long-term liabilities:    
Long-term debt less current maturities 481.9 482.9
Employee benefit plan obligations 132.6 141.6
Operating Lease, Liability, Noncurrent 193.1 0.0
Other long-term liabilities 53.7 72.9
Total long-term liabilities 861.3 697.4
Total liabilities 1,505.8 1,292.6
Shareholders' equity:    
Additional paid-in capital [1] 26.5 16.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (61.8) (47.3)
Retained earnings 924.5 880.7
Total shareholders' equity 889.2 849.8
Total liabilities and shareholders' equity $ 2,395.0 $ 2,142.4
[1]
Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.