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Leases, Codification Topic 842 (Tables)

9 Months Ended

Nov. 25, 2022

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense for the three and nine months ended November 25, 2022 and November 26, 2021 are as follows:

			Three Months Ended												Nine Months Ended
			November 25, 2022						November 26, 2021						November 25, 2022						November 26, 2021
Operating lease cost			$	13.2					$	13.2					$	38.8					$	39.5
Sublease rental income			(0.6)						(0.5)						(1.7)						(1.4)
			$	12.6					$	12.7					$	37.1					$	38.1

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow and other information related to leases for the three and nine months ended November 25, 2022 and November 26, 2021 are as follows:

			Three Months Ended												Nine Months Ended
			November 25, 2022						November 26, 2021						November 25, 2022						November 26, 2021
Cash flow information:
Operating cash flows used for operating leases			$	13.3					$	13.6					$	40.4					$	40.4
Leased assets obtained in exchange for new operating lease obligations			$	11.7					$	17.0					$	25.2					$	34.3

As of November 25, 2022 and November 26, 2021, the weighted-average remaining lease terms were 5.4 years and 6.2 years, respectively, and the weighted-average discount rates were 3.9% and 3.6%, respectively.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table summarizes the future minimum lease payments as of November 25, 2022:

Fiscal year ending in February			Amount (1)
2023			$	11.6
2024			51.1
2025			48.8
2026			37.0
2027			30.1
Thereafter			56.8
Total lease payments			$	235.4
Less: Interest			24.1
Present value of lease liabilities			$	211.3

_______________________________________

(1)Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced.

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

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