XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Aug. 26, 2022
Aug. 27, 2021
OPERATING ACTIVITIES    
Net income (loss) $ 8.2 $ (3.4)
Depreciation and amortization 43.7 41.2
Share-based compensation 15.6 15.2
Restructuring costs 4.7 0.0
Other (2.4) (20.6)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (83.6) (58.0)
Inventories (67.4) (42.0)
Income taxes receivable 22.2 (2.2)
Other assets (21.2) (18.1)
Accounts payable 33.5 54.7
Employee compensation liabilities 1.3 (30.7)
Employee benefit obligations (18.6) (14.9)
Customer deposits received, net of revenue recognized during the period (10.8) 14.0
Accrued expenses and other liabilities 0.4 3.2
Net cash provided by operating activities (74.4) (61.6)
INVESTING ACTIVITIES    
Capital expenditures (28.9) (31.8)
Proceeds from Sale of Property, Plant, and Equipment 5.6 16.8
Payments to Acquire Businesses, Net of Cash Acquired (105.4) 0.0
Other 13.4 8.5
Net cash used in investing activities (115.3) (6.5)
FINANCING ACTIVITIES    
Dividends paid (34.0) (29.2)
Common stock repurchases (3.4) (30.9)
Proceeds from Lines of Credit 266.8 0.0
Repayments of Lines of Credit (187.0) 0.0
Other 0.9 0.2
Net cash provided by (used in) financing activities 43.3 (59.9)
Effect of exchange rate changes on cash and cash equivalents (2.0) (0.6)
Net decrease in cash, cash equivalents and restricted cash (148.4) (128.6)
Cash and cash equivalents and restricted cash, beginning of period (1) [1] 207.0 495.6
Cash and cash equivalents and restricted cash, end of period (2) [2] 58.6 367.0
Restricted cash $ 6.4 $ 6.3
[1] These amounts include restricted cash of $6.1 and $5.8 as of February 25, 2022 and February 26, 2021, respectively.
[2] These amounts include restricted cash of $6.4 and $6.3 as of August 26, 2022 and August 27, 2021, respectively.