Property, Plant And Equipment

12 Months Ended

Feb. 23, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT


Property, Plant and Equipment	Estimated Useful Lives (Years)	February 23, 2024		February 24, 2023
Land		$	33.8	$	33.6
Machinery and equipment	3 – 15	759.0		742.4
Buildings and improvements	10 – 40	413.4		414.1
Leasehold improvements	3 – 15	86.9		83.1
Capitalized software	3 – 10	83.3		80.4
Furniture and fixtures	5 – 8	65.5		64.1
Construction in progress		30.2		47.4
		1,472.1		1,465.1
Accumulated depreciation		(1,119.2)		(1,088.6)
		$	352.9	$	376.5

The majority of the net book value of our property, plant and equipment relates to machinery and equipment and buildings and improvements. As of February 23, 2024 and February 24, 2023, the net book value of our machinery and equipment totaled $141.6 and $140.4, respectively, and buildings and improvements totaled $92.1 and $94.6, respectively. Depreciation expense on property, plant and equipment was $66.0, $67.0 and $67.5 for 2024, 2023 and 2022, respectively. The estimated cost to complete construction in progress was $32.2 and $38.0 as of February 23, 2024 and February 24, 2023, respectively.

As of February 23, 2024, there were no assets held for sale. As of February 24, 2023, assets held for sale totaled $29.0, which were two corporate aircraft in the Americas segment and were sold during 2024.