XML 23 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 28, 2025
Feb. 23, 2024
ASSETS    
Cash and cash equivalents $ 346.3 $ 318.6
Short-Term Investments 41.6 0.0
Accounts receivable, net of allowance of $4.7 and $6.2 323.1 338.3
Inventories, net 245.7 231.0
Prepaid expenses 37.5 31.9
Other current assets 34.8 39.6
Total current assets 1,029.0 959.4
Property, plant and equipment, net of accumulated depreciation of $1,132.8 and $1,119.2 328.1 352.9
Company-owned life insurance ("COLI") 170.4 166.9
Deferred income taxes 166.8 115.8
Goodwill 273.5 274.8
Other intangible assets, net of accumulated amortization of $106.3 and $115.0 77.0 94.6
Investments in unconsolidated affiliates 53.3 55.7
Right-of-use operating lease assets 141.2 168.6
Other assets 91.1 48.0
Total assets 2,330.4 2,236.7
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 228.2 211.3
Current operating lease obligations 39.7 45.1
Employee compensation 187.3 166.1
Employee benefit plan obligations 49.7 39.9
Accrued promotions 23.5 19.4
Customer deposits 43.0 44.8
Other current liabilities 97.7 80.5
Total current liabilities 669.1 607.1
Long-term liabilities:    
Long-term debt 447.1 446.3
Employee benefit plan obligations 100.7 104.5
Long-term operating lease obligations 113.9 138.6
Other long-term liabilities 47.9 53.1
Total long-term liabilities 709.6 742.5
Total liabilities 1,378.7 1,349.6
Shareholders' equity:    
Additional Paid in Capital 29.3 41.2
Accumulated other comprehensive income (loss) (63.5) (66.9)
Retained Earnings (Accumulated Deficit) 985.9 912.8
Total shareholders’ equity 951.7 887.1
Total liabilities and shareholders’ equity 2,330.4 2,236.7
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, 94,089,913 and 93,935,016 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, 19,643,520 and 20,292,356 issued and outstanding    
Shareholders' equity:    
Common stock $ 0.0 $ 0.0