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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Aug. 23, 2019
Aug. 24, 2018
Document Period End Date Aug. 23, 2019  
OPERATING ACTIVITIES    
Net income $ 78.3 $ 66.1
Depreciation and amortization 41.4 38.7
Non-cash stock compensation 12.0 12.9
Equity in income of unconsolidated affiliates (5.7) (6.8)
Dividends received from unconsolidated affiliates 8.2 7.1
Other 2.1 (11.2)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (82.2) (99.8)
Inventories (20.5) (38.0)
Other assets 3.9 6.7
Accounts payable 37.8 45.6
Employee compensation liabilities (46.1) (40.1)
Employee benefit obligations (17.7) (18.7)
Increase (Decrease) in Customer Advances and Deposits 7.4 (7.0)
Increase (Decrease) in Accrued Taxes Payable 13.0 0.1
Accrued Liabilities and Other Operating Liabilities 10.9 6.1
Net cash provided by operating activities 42.8 (38.3)
INVESTING ACTIVITIES    
Capital expenditures (32.5) (41.5)
Proceeds from liquidation of company owned life insurance 1.1 20.7
Payments to Acquire Businesses, Net of Cash Acquired 0.0 149.5
Other 1.8 1.9
Net cash provided by (used in) investing activities (29.6) (168.4)
FINANCING ACTIVITIES    
Dividends paid (34.5) (32.3)
Common stock repurchases (5.9) (3.5)
Proceeds from (Payments for) Other Financing Activities (1.0) 0.0
Repayments of Lines of Credit 0.0 (66.7)
Proceeds from Lines of Credit 0.0 76.9
Repayments of long-term debt (1.3) (1.3)
Net cash used in financing activities (42.7) (26.9)
Effect of exchange rate changes on cash and cash equivalents (1.4) (2.8)
Net decrease in cash, cash equivalents and restricted cash (30.9) (236.4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [1] 264.8 285.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [2] 233.9 49.2
Restricted Cash $ 4.8 $ 3.5
[1]
These amounts include restricted cash of $3.5 and $2.5 as of February 22, 2019 and February 23, 2018, respectively.
[2]
These amounts include restricted cash of $4.8 and $3.5 as of August 23, 2019 and August 24, 2018, respectively.
Restricted cash primarily represents funds held in escrow for potential future workers’ compensation and product liability claims.  Restricted cash is included as part of Other assets in the Condensed Consolidated Balance Sheets.