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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 25, 2023
Feb. 24, 2023
Assets, Current [Abstract]    
Cash and cash equivalents $ 153.6 $ 90.4
Accounts receivable, net of allowance of $6.9 and $6.5 372.9 373.3
Inventories 271.0 319.7
Prepaid expenses 38.4 28.9
Assets held for sale 19.3 29.0
Other current assets 46.0 42.7
Total current assets 901.2 884.0
Property, plant and equipment, net of accumulated depreciation of $1,114.0 and $1,088.6 365.3 376.5
Company-owned life insurance ("COLI") 160.9 157.3
Deferred income taxes 118.9 117.3
Goodwill 277.3 276.8
Other intangible assets, net of accumulated amortization of $106.9 and $97.6 103.7 111.2
Investments in unconsolidated affiliates 54.6 51.1
Right-of-use operating lease assets 183.9 198.3
Other assets 32.8 30.3
Total assets 2,198.6 2,202.8
Liabilities, Current [Abstract]    
Accounts payable 227.0 203.5
Short-term borrowings and current portion of long-term debt 5.2 35.7
Current operating lease obligations 47.3 44.7
Accrued expenses:    
Employee compensation 116.0 120.0
Employee benefit plan obligations 28.2 31.2
Accrued promotions 18.6 26.7
Customer deposits 52.6 50.8
Other 95.0 90.7
Total current liabilities 589.9 603.3
Long-term liabilities:    
Long-term debt less current maturities 445.9 445.5
Employee benefit plan obligations 97.2 103.0
Long-term operating lease obligations 153.0 169.9
Other long-term liabilities 59.5 54.9
Total long-term liabilities 755.6 773.3
Total liabilities 1,345.5 1,376.6
Shareholders' equity:    
Additional paid-in capital 34.6 19.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (65.9) (72.5)
Retained earnings 884.4 879.3
Total shareholders’ equity 853.1 826.2
Total liabilities and shareholders’ equity $ 2,198.6 $ 2,202.8