XML 22 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 23, 2024
Feb. 24, 2023
ASSETS    
Cash and cash equivalents $ 318.6 $ 90.4
Accounts receivable, net of allowance of $6.2 and $6.5 338.3 373.3
Inventories, net 231.0 319.7
Prepaid expenses 31.9 28.9
Assets held for sale 0.0 29.0
Other current assets 39.6 42.7
Total current assets 959.4 884.0
Property, plant and equipment, net of accumulated depreciation of $1,119.2 and $1,088.6 352.9 376.5
Company-owned life insurance ("COLI") 166.9 157.3
Deferred income taxes 115.8 117.3
Goodwill 274.8 276.8
Other intangible assets, net of accumulated amortization of $115.0 and $97.6 94.6 111.2
Investments in unconsolidated affiliates 55.7 51.1
Right-of-use operating lease assets 168.6 198.3
Other assets 48.0 30.3
Total assets 2,236.7 2,202.8
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 211.3 203.5
Short-term borrowings and current portion of long-term debt [1] 0.0 35.7
Current operating lease obligations 45.1 44.7
Employee compensation 166.1 120.0
Employee benefit plan obligations 39.9 31.2
Accrued promotions 19.4 26.7
Customer deposits 44.8 50.8
Other current liabilities 80.5 90.7
Total current liabilities 607.1 603.3
Long-term liabilities:    
Long-term debt less current maturities 446.3 445.5
Employee benefit plan obligations 104.5 103.0
Long-term operating lease obligations 138.6 169.9
Other long-term liabilities 53.1 54.9
Total long-term liabilities 742.5 773.3
Total liabilities 1,349.6 1,376.6
Shareholders' equity:    
Additional Paid in Capital 41.2 19.4
Accumulated other comprehensive income (loss) (66.9) (72.5)
Retained Earnings (Accumulated Deficit) 912.8 879.3
Total shareholders’ equity 887.1 826.2
Total liabilities and shareholders’ equity 2,236.7 2,202.8
Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock-no par value; 50,000,000 shares authorized, none issued and outstanding 0.0 0.0
Class A common stock-no par value; 475,000,000 shares authorized, 93,935,016 and 92,574,308 issued and outstanding    
Shareholders' equity:    
Common stock 0.0 0.0
Class B common stock-no par value, convertible into Class A common stock on a one-for-one basis; 475,000,000 shares authorized, 20,292,356 and 20,414,413 issued and outstanding    
Shareholders' equity:    
Common stock $ 0.0 $ 0.0
[1] The weighted-average interest rate for short-term borrowings and the current portion of long-term debt was 6.0% as of February 24, 2023. There were no short-term borrowings outstanding as of February 23, 2024.