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v3.23.1

Investments In Unconsolidated Affiliates (Tables) | 12 Months Ended
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Feb. 24, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of equity method investments [Table Text Block] | Our investments in unconsolidated affiliates and related direct ownership interests are summarized below:
Investments in Unconsolidated Affiliates | February 24, 2023 | February 25, 2022
Investment Balance | Ownership Interest | Investment Balance | Ownership Interest
Equity method investments |  |  |  |  |  |  |  |
Dealer relationships | $ | 32.2 |  |  | 25%-40% |  | $ | 29.6 |  |  | 25%-40% |
Manufacturing joint venture | 9.4 |  |  | 49% |  | 7.3 |  |  | 49% |
IDEO | — |  |  | 0% |  | 6.7 |  |  | 5% |
| 41.6 |  |  |  |  | 43.6 |  |  |  |
Cost method investments |  |  |  |  |  |  |  |
Dealer relationship | 5.8 |  |  | Less than 10% |  | 5.8 |  |  | Less than 10% |
Other | 3.7 |  |  | Less than 10% |  | 3.7 |  |  | Less than 10% |
| 9.5 |  |  |  |  | 9.5 |  |  |  |
Total investments in unconsolidated affiliates | $ | 51.1 |  |  |  |  | $ | 53.1 |  |  |  |
Equity in earnings of unconsolidated affiliates [Table Text Block] | Our equity in earnings of unconsolidated affiliates is recorded in Other income, net in the Consolidated Statements of Income and is summarized below:
Equity in Earnings of Unconsolidated Affiliates | Year Ended
February 24, 2023 | February 25, 2022 | February 26, 2021
Dealer relationships | $ | 9.7 |  |  | $ | 6.2 |  |  | $ | 8.0 |  |
Manufacturing joint venture | 2.7 |  |  | 0.3 |  |  | 0.7 |  |
IDEO and other | 0.1 |  |  | 1.3 |  |  | 0.6 |  |
Total equity in earnings of unconsolidated affiliates | $ | 12.5 |  |  | $ | 7.8 |  |  | $ | 9.3 |  |
Schedule of consolidated balance sheets of unconsolidated affiliates [Table Text Block] | The following table summarizes the combined accounts of our equity method investments in unconsolidated affiliates:
Consolidated Balance Sheets | February 24, 2023 | February 25, 2022
Total current assets | $ | 169.1 |  |  | $ | 211.7 |  |
Total non-current assets | 79.0 |  |  | 146.4 |  |
Total assets | $ | 248.1 |  |  | $ | 358.1 |  |
Total current liabilities | 107.2 |  |  | 162.9 |  |
Total long-term liabilities | 18.0 |  |  | 29.6 |  |
Total liabilities | $ | 125.2 |  |  | $ | 192.5 |  |
Schedule of statements of income of unconsolidated affiliates [Table Text Block] |
Statements of Income | Year Ended
February 24, 2023 | February 25, 2022 | February 26, 2021
Revenue | $ | 755.3 |  |  | $ | 578.6 |  |  | $ | 695.4 |  |
Gross profit | 174.8 |  |  | 177.8 |  |  | 204.9 |  |
Income before income tax expense | 39.0 |  |  | 53.0 |  |  | 37.8 |  |
Net income | 37.5 |  |  | 47.8 |  |  | 35.6 |  |
Supplemental Schedule for unconsolidated affiliates [Table Text Block] |
Supplemental Information | Year Ended
February 24, 2023 | February 25, 2022 | February 26, 2021
Dividends received from unconsolidated affiliates | $ | 7.8 |  |  | $ | 5.5 |  |  | $ | 8.1 |  |
Sales to unconsolidated affiliates | 259.5 |  |  | 194.2 |  |  | 201.5 |  |
Amount due from unconsolidated affiliates | 22.5 |  |  | 12.9 |  |  | 6.4 |  |

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- Definition Tabular disclosure of equity method investments earnings. The disclosure includes: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (b) the equity in earnings for each investee or group of investments. [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of consolidated balance sheets of unconsolidated affiliates without regard to ownership. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (b) the equity investment in the consolidated balance sheet. + References No definition available. + Details
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- Definition Tabular disclosure of statements of income of unconsolidated affiliates without regard to ownership. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (b) the equity investment in the statements of income. [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
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