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Fair Value (Tables)

6 Months Ended

Aug. 27, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value as of August 27, 2021 and February 26, 2021 are summarized below:

			August 27, 2021
Fair Value of Financial Instruments			Level 1						Level 2						Level 3						Total
Assets:
Cash and cash equivalents			$	360.7					$	—					$	—					$	360.7
Restricted cash			6.3						—						—						6.3
Foreign exchange forward contracts			—						0.6						—						0.6
Auction rate security			—						—						2.8						2.8
			$	367.0					$	0.6					$	2.8					$	370.4
Liabilities:
Foreign exchange forward contracts			$	—					$	(0.3)					$	—					$	(0.3)
			$	—					$	(0.3)					$	—					$	(0.3)
			February 26, 2021
Fair Value of Financial Instruments			Level 1						Level 2						Level 3						Total
Assets:
Cash and cash equivalents			$	489.8					$	—					$	—					$	489.8
Restricted cash			5.8						—						—						5.8
Foreign exchange forward contracts			—						1.1						—						1.1
Auction rate security			—						—						2.6						2.6
			$	495.6					$	1.1					$	2.6					$	499.3
Liabilities:
Foreign exchange forward contracts			$	—					$	(0.8)					$	—					$	(0.8)
			$	—					$	(0.8)					$	—					$	(0.8)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the six months ended August 27, 2021:

Roll-Forward of Fair Value Using Level 3 Inputs			Auction Rate Security
Balance as of February 26, 2021			$	2.6
Unrealized gain on investment			0.2
Balance as of August 27, 2021			$	2.8

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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