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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Nov. 25, 2022
Nov. 26, 2021
OPERATING ACTIVITIES    
Net income $ 19.6 $ 6.2
Depreciation and amortization 67.2 62.2
Share-based compensation 18.0 13.4
Restructuring costs 15.3 0.0
Other (4.3) (28.8)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (68.1) (68.6)
Inventories (48.2) (93.4)
Income taxes receivable 25.4 (1.6)
Other assets (15.7) (16.7)
Accounts payable 7.8 77.5
Employee compensation liabilities 17.0 (15.3)
Employee benefit obligations (14.0) (13.5)
Customer deposits received, net of revenue recognized during the period (19.8) 21.3
Accrued expenses and other liabilities 1.2 (1.8)
Net cash provided by operating activities 1.4 (59.1)
INVESTING ACTIVITIES    
Capital expenditures (42.8) (45.3)
Proceeds from Sale of Property, Plant, and Equipment 5.6 17.4
Payments to Acquire Businesses, Net of Cash Acquired (105.3) (32.6)
Other 15.0 9.2
Net cash used in investing activities (127.5) (51.3)
FINANCING ACTIVITIES    
Dividends paid (45.6) (45.9)
Common stock repurchases (3.9) (54.0)
Proceeds from Lines of Credit 480.9 0.0
Repayments of Lines of Credit (446.9) 0.0
Other (1.1) (1.6)
Net cash used in financing activities (16.6) (101.5)
Effect of exchange rate changes on cash and cash equivalents (2.6) (1.6)
Net decrease in cash, cash equivalents and restricted cash (145.3) (213.5)
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] 61.7 282.1
Restricted cash $ 6.7 $ 6.9
[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 $6.7 and $6.9 as of November 25, 2022 and November 26, 2021, respectively.