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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 26, 2023
Feb. 24, 2023
May 27, 2022
OPERATING ACTIVITIES      
Net income (loss) $ 1.5   $ (11.4)
Depreciation and amortization 20.4   20.2
Share-based compensation 14.0   12.2
Restructuring costs 8.1   4.2
Other (1.3)   (4.2)
Changes in operating assets and liabilities net of acquisitions:      
Accounts receivable 11.3   (14.5)
Inventories 12.1   (50.6)
Income taxes receivable (2.4)   25.3
Other assets (0.8)   (13.2)
Accounts payable 11.3   16.7
Employee compensation liabilities (49.1)   (18.5)
Employee benefit obligations (19.3)   (17.2)
Accrued expenses and other liabilities 5.5   (4.1)
Net cash provided by operating activities 11.3   (55.1)
INVESTING ACTIVITIES      
Capital expenditures (11.7)   (13.6)
Other 0.5   6.3
Net cash used in investing activities (11.2)   (7.3)
FINANCING ACTIVITIES      
Dividends paid (12.1)   (17.1)
Borrowings on global committed bank facility 67.2   0.0
Repayments on global committed bank facility (67.2)   0.0
Repayments on note payable (32.2)   0.0
Other (6.0)   (3.6)
Net cash used in financing activities (50.3)   (20.7)
Effect of exchange rate changes on cash and cash equivalents (0.4)   (1.3)
Net decrease in cash, cash equivalents and restricted cash (50.6)   (84.4)
Cash and cash equivalents and restricted cash, beginning of period (1) [1] 97.2   207.0
Cash and cash equivalents and restricted cash, end of period (2) 46.6 [2] $ 97.2 [1] 122.6 [2]
Restricted cash $ 6.4 $ 6.8 $ 5.9
[1] These amounts include restricted cash of $6.8 and $6.1 as of February 24, 2023 and February 25, 2022, respectively.
[2] These amounts include restricted cash of $6.4 and $5.9 as of May 26, 2023 and May 27, 2022, respectively.