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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
May 26, 2023
Feb. 24, 2023
Assets, Current [Abstract]    
Cash and cash equivalents $ 40.2 $ 90.4
Accounts receivable, net of allowance of $6.8 and $6.5 363.3 373.3
Inventories 307.3 319.7
Prepaid expenses 34.5 28.9
Assets held for sale 29.0 29.0
Other current assets 41.6 42.7
Total current assets 815.9 884.0
Property, plant and equipment, net of accumulated depreciation of $1,100.7 and $1,088.6 373.1 376.5
Company-owned life insurance ("COLI") 159.7 157.3
Deferred income taxes 117.6 117.3
Goodwill 277.0 276.8
Other intangible assets, net of accumulated amortization of $102.0 and $97.6 107.5 111.2
Investments in unconsolidated affiliates 51.4 51.1
Right-of-use operating lease assets 193.5 198.3
Other assets 29.8 30.3
Total assets 2,125.5 2,202.8
Liabilities, Current [Abstract]    
Accounts payable 215.3 203.5
Short-term borrowings and current portion of long-term debt 0.8 35.7
Current operating lease obligations 46.0 44.7
Accrued expenses:    
Employee compensation 79.3 120.0
Employee benefit plan obligations 20.5 31.2
Accrued promotions 25.8 26.7
Customer deposits 51.1 50.8
Other 94.8 90.7
Total current liabilities 533.6 603.3
Long-term liabilities:    
Long-term debt less current maturities 445.7 445.5
Employee benefit plan obligations 95.4 103.0
Long-term operating lease obligations 163.5 169.9
Other long-term liabilities 58.2 54.9
Total long-term liabilities 762.8 773.3
Total liabilities 1,296.4 1,376.6
Shareholders' equity:    
Additional paid-in capital 30.1 19.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (69.7) (72.5)
Retained earnings 868.7 879.3
Total shareholders’ equity 829.1 826.2
Total liabilities and shareholders’ equity $ 2,125.5 $ 2,202.8