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Investments In Unconsolidated Affiliates (Tables)

12 Months Ended

Feb. 26, 2021

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

Schedule of equity method investments [Table Text Block]

Our investments in unconsolidated affiliates and related direct ownership interests are summarized below:

Investments in Unconsolidated Affiliates			February 26, 2021												February 28, 2020
			Investment Balance						Ownership Interest						Investment Balance						Ownership Interest
Equity method investments
Dealer relationships			$	28.3					25%-40%						$	29.6					25%-40%
Manufacturing joint venture			7.8						49%						8.3						49%
IDEO and other			6.0						5%-24%						6.0						5%-21%
			42.1												43.9
Cost method investments
Dealer relationship			5.8						Less than 10%						5.8						Less than 10%
Other			3.6						Less than 10%						2.6						Less than 10%
			9.4												8.4
Total investments in unconsolidated affiliates			$	51.5											$	52.3

Equity in earnings of unconsolidated affiliates [Table Text Block]

Our equity in earnings of unconsolidated affiliates is recorded in Other income, net on the Consolidated Statements of Income and is summarized below:

Equity in Earnings of Unconsolidated Affiliates			Year Ended
			February 26, 2021						February 28, 2020						February 22, 2019
Dealer relationships			$	8.0					$	9.8					$	9.9
Manufacturing joint venture			0.7						1.4						2.8
IDEO and other			0.6						1.0						1.0
Total equity in earnings of unconsolidated affiliates			$	9.3					$	12.2					$	13.7

Schedule of consolidated balance sheets of unconsolidated affiliates [Table Text Block]

The following table summarizes the combined accounts of our equity method investments in unconsolidated affiliates:

Consolidated Balance Sheets			February 26, 2021						February 28, 2020
Total current assets			$	198.7					$	250.3
Total non-current assets			130.6						132.7
Total assets			$	329.3					$	383.0
Total current liabilities			$	141.3					$	204.2
Total long-term liabilities			31.1						19.6
Total liabilities			$	172.4					$	223.8

Schedule of statements of income of unconsolidated affiliates [Table Text Block]

Statements of Income			Year Ended
			February 26, 2021						February 28, 2020						February 22, 2019
Revenue			$	695.4					$	838.0					$	806.4
Gross profit			204.9						252.6						235.6
Income before income tax expense			37.8						62.3						64.2
Net income			35.6						58.5						60.3

Supplemental Schedule for unconsolidated affiliates [Table Text Block]

Supplemental Information			Year Ended
			February 26, 2021						February 28, 2020						February 22, 2019
Dividends received from unconsolidated affiliates			$	8.1					$	12.5					$	9.1
Sales to unconsolidated affiliates			201.5						305.7						302.6
Amount due from unconsolidated affiliates			6.4						14.4						11.4

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- Definition

Tabular disclosure of equity method investments earnings. The disclosure includes: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (b) the equity in earnings for each investee or group of investments. [Table Text Block]

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Tabular disclosure of consolidated balance sheets of unconsolidated affiliates without regard to ownership. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (b) the equity investment in the consolidated balance sheet.

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Tabular disclosure of statements of income of unconsolidated affiliates without regard to ownership. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (b) the equity investment in the statements of income. [Table Text Block]

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Supplemental Schedule for unconsolidated affiliates [Table Text Block]

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Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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