Property, Plant And Equipment

12 Months Ended

Feb. 28, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT


Property, Plant and Equipment	Estimated Useful Lives (Years)	February 28, 2025		February 23, 2024
Land		$	31.1	$	33.8
Machinery and equipment	3 – 15	744.4		759.0
Buildings and improvements	10 – 40	414.9		413.4
Leasehold improvements	3 – 15	90.2		86.9
Capitalized software	3 – 10	82.5		83.3
Furniture and fixtures	5 – 8	68.1		65.5
Construction in progress		29.7		30.2
		1,460.9		1,472.1
Accumulated depreciation		(1,132.8)		(1,119.2)
		$	328.1	$	352.9

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 28, 2025 and February 23, 2024, the net book value of our machinery and equipment totaled $132.4 and $141.6, respectively, and buildings and improvements totaled $86.8 and $92.1, respectively. Depreciation expense on property, plant and equipment was $63.3, $66.0 and $67.0 for 2025, 2024 and 2023, respectively. We recorded net gains on the sales of property, plant and equipment of $41.0, $10.9 and $12.9 for 2025, 2024 and 2023, respectively, which were included in Operating expenses in the Consolidated Statements of Income. The estimated cost to complete construction in progress was $32.6 and $32.2 as of February 28, 2025 and February 23, 2024, respectively.