Goodwill & Other Intangible Assets

12 Months Ended

Feb. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

A summary of the changes in goodwill during 2025 and 2024, by reportable segment, is as follows:


Goodwill	Americas		International		Total
Balance as of February 24, 2023	$	268.3	$	8.5	$	276.8

Goodwill on divestiture (1)	(2.5)		—		(2.5)
Currency translation adjustments	0.3		0.2		0.5

Goodwill	292.7		303.6		596.3
Accumulated impairment losses	(26.6)		(294.9)		(321.5)
Balance as of February 23, 2024	$	266.1	$	8.7	$	274.8

Currency translation adjustments	(1.0)		(0.3)		(1.3)
Goodwill	291.7		303.3		595.0
Accumulated impairment losses	(26.6)		(294.9)		(321.5)
Balance as of February 28, 2025	$	265.1	$	8.4	$	273.5

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(1)In 2024, we sold a consolidated dealer, resulting in a decrease to goodwill in the Americas segment.

We evaluate goodwill for impairment annually in Q4, or earlier if there is a triggering event that indicates there may be a potential for impairment. See Note 2 for additional information. Based on the results of our annual impairment tests, we concluded that no goodwill impairment existed as of February 28, 2025 and February 23, 2024.

As of February 28, 2025 and February 23, 2024, other intangible assets and related accumulated amortization consisted of the following:


Other Intangible Assets	February 28, 2025							February 23, 2024
	Weighted Average Useful Life (Years)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization:
Dealer relationships	10.8	$	84.7	$	43.8	$	40.9	$	84.9	$	36.0	$	48.9
Trademarks (1)	9.7	53.3		33.8		19.5		60.5		35.9		24.6
Know-how/designs	9.0	35.7		19.9		15.8		35.8		15.9		19.9
Proprietary technology (1)	10.0	4.0		3.3		0.7		15.4		14.3		1.1

Other (1) (2)	5.5	5.5		5.5		—		12.9		12.9		—
		183.2		106.3		76.9		209.5		115.0		94.5
Intangible assets not subject to amortization:
Trademarks and other	n/a	0.1		—		0.1		0.1		—		0.1
		$	183.3	$	106.3	$	77.0	$	209.6	$	115.0	$	94.6

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(1)In 2025, we wrote off certain fully amortized assets as they were no longer in use, resulting in a decrease of intangible assets in the Americas segment.

(2)In 2024, we sold a consolidated dealer, resulting in a decrease of intangible assets in the Americas

In 2025, 2024 and 2023, no intangible asset impairment charges were recorded. We recorded amortization expense on intangible assets subject to amortization of $17.4 in 2025, $17.2 in 2024 and $22.8 in 2023. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five years is as follows:


Fiscal Year Ending in February	Amount
2026	$	17.1
2027	17.0
2028	13.8
2029	11.0
2030	7.5
	$	66.4

Future events, such as acquisitions, divestitures or impairments, may cause these amounts to vary.