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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 27, 2020
Feb. 28, 2020
ASSETS    
Cash and cash equivalents $ 484.4 $ 541.0
Trade Accounts Receivable 283.6 381.8
Accounts Receivable, Allowance for Credit Loss (9.3) (9.4)
Inventories 235.0 215.0
Prepaid expense 19.3 21.6
Other current assets 71.8 38.8
Total current assets 1,084.8 1,188.8
Property, plant and equipment, net of accumulated depreciation of $1,040.2 and $977.7 415.3 426.3
Company-owned life insurance 167.7 160.0
Deferred income taxes 110.9 124.6
Goodwill 215.3 233.6
Other intangible assets, net of accumulated amortization of $68.8 and $56.7 91.3 102.9
Investments in unconsolidated affiliates 55.4 52.3
Operating Lease, Right-of-Use Asset 213.1 237.9
Other assets 31.5 39.0
Total assets 2,385.3 2,565.4
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 200.8 244.3
Short-term borrowings and current maturities of long-term debt 2.6 2.9
Operating Lease, Liability, Current 41.9 43.1
Accrued expenses:    
Employee compensation 95.2 191.7
Employee benefit plan obligations 24.0 44.7
Accrued promotions 30.4 35.3
Contract with Customer, Liability 59.9 28.6
Other 114.2 100.3
Total current liabilities 569.0 690.9
Long-term liabilities:    
Long-term debt less current maturities 480.2 481.4
Employee benefit plan obligations 147.9 148.3
Operating Lease, Liability, Noncurrent 191.4 214.0
Other long-term liabilities 49.0 60.4
Total long-term liabilities 868.5 904.1
Total liabilities 1,437.5 1,595.0
Shareholders' equity:    
Additional paid-in capital [1] 3.5 28.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (48.8) (69.3)
Retained earnings 993.1 1,011.3
Total shareholders' equity 947.8 970.4
Total liabilities and shareholders' equity $ 2,385.3 $ 2,565.4
[1] Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.