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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Aug. 25, 2023
Aug. 26, 2022
OPERATING ACTIVITIES    
Net income $ 29.0 $ 8.2
Depreciation and amortization 41.7 43.7
Share-based compensation 18.5 15.6
Restructuring costs 16.0 4.7
Other (8.5) (2.4)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable 2.7 (83.6)
Inventories 48.6 (67.4)
Income taxes receivable (6.8) 22.2
Other assets (3.3) (21.2)
Accounts payable 22.5 33.5
Employee compensation liabilities (17.9) 1.3
Employee benefit obligations (10.9) (18.6)
Customer deposits 1.8 (10.8)
Accrued expenses and other liabilities (2.2) 0.4
Net cash provided by operating activities 131.2 (74.4)
INVESTING ACTIVITIES    
Capital expenditures (24.3) (28.9)
Proceeds from disposal of fixed assets 15.7 5.6
Acquisitions, net of cash acquired 0.0 (105.4)
Other (1.3) 13.4
Net cash used in investing activities (9.9) (115.3)
FINANCING ACTIVITIES    
Dividends paid (23.9) (34.0)
Borrowings on global committed bank facility 69.0 266.8
Repayments on global committed bank facility (69.0) (187.0)
Repayments on note payable (32.2) 0.0
Other (1.6) (2.5)
Net cash (used in) provided by financing activities (57.7) 43.3
Effect of exchange rate changes on cash and cash equivalents (0.2) (2.0)
Net increase (decrease) in cash, cash equivalents and restricted cash 63.4 (148.4)
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) [2] 160.6 58.6
Restricted cash $ 7.0 $ 6.4
[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 $7.0 and $6.4 as of August 25, 2023 and August 26, 2022, respectively.