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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 25, 2022
Feb. 25, 2022
Assets, Current [Abstract]    
Cash and cash equivalents $ 55.0 $ 200.9
Accounts receivable, net of allowance of $6.5 and $8.0 400.1 340.4
Inventories 378.5 326.2
Prepaid expenses 28.6 24.0
Income taxes receivable 16.3 41.7
Other current assets 36.0 26.0
Total current assets 914.5 959.2
Property, plant and equipment, net of accumulated depreciation of $1,110.3 and $1,089.0 404.8 392.8
Company-owned life insurance ("COLI") 161.2 168.0
Deferred income taxes 116.4 121.2
Goodwill 278.0 242.8
Other intangible assets, net of accumulated amortization of $101.2 and $86.4 117.2 85.5
Investments in unconsolidated affiliates 49.4 53.1
Right-of-use operating lease assets 195.4 209.8
Other assets 31.5 28.6
Total assets 2,268.4 2,261.0
Liabilities, Current [Abstract]    
Accounts payable 250.0 243.6
Short-term borrowings and current portion of long-term debt 70.4 5.1
Current operating lease obligations 42.6 44.2
Accrued expenses:    
Employee compensation 105.0 75.6
Employee benefit plan obligations 27.6 25.4
Accrued promotions 27.5 32.9
Customer deposits 56.3 53.4
Other 99.7 87.0
Total current liabilities 679.1 567.2
Long-term liabilities:    
Long-term debt less current maturities 445.6 477.4
Employee benefit plan obligations 111.6 126.7
Long-term operating lease obligations 168.7 182.2
Other long-term liabilities 53.8 55.3
Total long-term liabilities 779.7 841.6
Total liabilities 1,458.8 1,408.8
Shareholders' equity:    
Additional paid-in capital 15.6 1.5
Accumulated Other Comprehensive Income (Loss), Net of Tax (81.3) (50.6)
Retained earnings 875.3 901.3
Total shareholders’ equity 809.6 852.2
Total liabilities and shareholders’ equity $ 2,268.4 $ 2,261.0