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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 27, 2021
Feb. 26, 2021
ASSETS    
Cash and cash equivalents $ 360.7 $ 489.8
Trade Accounts Receivable 334.0 279.0
Accounts Receivable, Allowance for Credit Loss (9.1) (8.7)
Inventories 233.4 193.5
Prepaid expense 36.6 20.9
Income Taxes Receivable, Current 51.7 49.5
Other current assets 22.7 21.4
Total current assets 1,030.0 1,045.4
Property, plant and equipment, net of accumulated depreciation of $1,081.3 and $1,063.2 402.1 410.8
Company-owned life insurance 169.8 169.5
Deferred income taxes 115.7 113.3
Goodwill 218.1 218.1
Other intangible assets, net of accumulated amortization of $79.8 and $73.3 82.3 90.4
Investments in unconsolidated affiliates 49.4 51.5
Operating Lease, Right-of-Use Asset 219.4 225.4
Other assets 26.7 29.6
Total assets 2,313.5 2,354.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 234.4 181.3
Short-term borrowings and current maturities of long-term debt 6.1 4.7
Operating Lease, Liability, Current 43.3 43.8
Accrued expenses:    
Employee compensation 65.4 90.1
Employee benefit plan obligations 18.3 24.9
Accrued promotions 26.4 27.8
Contract with Customer, Liability 47.4 33.7
Other 106.4 108.7
Total current liabilities 547.7 515.0
Long-term liabilities:    
Long-term debt less current maturities 478.4 479.2
Employee benefit plan obligations 145.2 152.9
Operating Lease, Liability, Noncurrent 193.4 199.5
Other long-term liabilities 47.5 46.9
Total long-term liabilities 864.5 878.5
Total liabilities 1,412.2 1,393.5
Shareholders' equity:    
Additional paid-in capital [1] 0.0 12.5
Accumulated Other Comprehensive Income (Loss), Net of Tax (50.9) (40.0)
Retained earnings 952.2 988.0
Total shareholders' equity 901.3 960.5
Total liabilities and shareholders' equity $ 2,313.5 $ 2,354.0
[1] Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.