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Compensation Related Costs, Retirement Benefits (Tables)
12 Months Ended
Feb. 28, 2025
Feb. 23, 2024
Retirement Benefits [Abstract]    
Employee Benefit Plan Obligation Summary [Table Text Block]
Employee Benefit Plan Obligations (net)February 28,
2025
February 23,
2024
Defined contribution retirement plans$34.3 $27.1 
Post-retirement medical benefits25.4 27.2 
Defined benefit pension plans38.4 38.9 
Deferred compensation plans and agreements52.0 49.7 
$150.1 $142.9 
Employee benefit plan assets
Long-term asset$0.3 $1.5 
$0.3 $1.5 
Employee benefit plan obligations
Current portion$49.7 $39.9 
Long-term portion100.7 104.5 
$150.4 $144.4 
 
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
The funded status of our defined benefit pension plans (excluding our investments in COLI policies) is as follows:
Defined Benefit Pension
Plan Obligations
February 28, 2025February 23, 2024
Qualified PlansNon-qualified
Supplemental
Retirement Plans
Qualified PlansNon-qualified
Supplemental
Retirement Plans
ForeignForeign
Plan assets$0.3 $— $22.8 $— 
Projected benefit plan obligations9.5 20.5 30.7 21.8 
Funded status$(9.2)$(20.5)$(7.9)$(21.8)
Long-term asset0.3 — 1.5 — 
Current liability(0.4)(3.8)(0.3)(3.3)
Long-term liability(9.1)(16.7)(9.1)(18.5)
Total benefit plan obligations$(9.2)$(20.5)$(7.9)$(21.8)
Accumulated benefit obligation$6.9 $20.5 $28.1 $21.8 
 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
The following tables summarize our defined benefit pension and post-retirement plans:
Defined Benefit
Pension Plans
Post-Retirement
Plans
February 28,
2025
February 23,
2024
February 28,
2025
February 23,
2024
Change in plan assets:
Fair value of plan assets, beginning of year$22.8 $22.4 $— $— 
Actual return on plan assets0.7 0.7 — — 
Employer contributions2.0 4.5 3.6 2.9 
Plan participants’ contributions— — 1.8 1.9 
Settlements/Curtailments(21.8)— — — 
Currency changes0.3 1.1 — — 
Benefits paid(3.7)(5.9)(5.4)(4.8)
Fair value of plan assets, end of year0.3 22.8 — — 
 
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
Change in benefit obligations:
Benefit plan obligations, beginning of year52.5 53.9 27.2 27.5 
Service cost0.6 0.6 — 0.1 
Interest cost2.0 2.4 1.4 1.4 
Net actuarial loss (gain) (1)0.5 0.2 0.5 1.2 
Plan participants’ contributions— — 1.8 1.9 
Settlements/Curtailments(21.8)(0.7)— — 
Currency changes(0.1)1.3 (0.1)(0.1)
Special termination benefits— 0.3 — — 
Benefits paid(3.7)(5.5)(5.4)(4.8)
Benefit plan obligations, end of year30.0 52.5 25.4 27.2 
Funded status$(29.7)$(29.7)$(25.4)$(27.2)
 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Amounts recognized on the Consolidated Balance Sheets:
Long-term asset0.3 1.5 — — 
Current liability(4.2)(3.6)(2.6)(3.5)
Long-term liability(25.8)(27.6)(22.8)(23.7)
Net amount recognized$(29.7)$(29.7)$(25.4)$(27.2)
 
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]
Amounts recognized in accumulated other comprehensive income (loss) —pretax:
Actuarial loss (gain)$(4.4)$9.1 $(12.0)$(14.6)
Prior service cost— 0.9 — — 
Total amounts recognized in accumulated other comprehensive income (loss) —pretax$(4.4)$10.0 $(12.0)$(14.6)
 
Schedule of Net Benefit Costs [Table Text Block]
Pension PlansPost-Retirement Plans
Year EndedYear Ended
February 28,
2025
February 23,
2024
February 24,
2023
February 28,
2025
February 23,
2024
February 24,
2023
Components of expense:
Service cost$0.6 $0.6 $0.7 $— $0.1 $0.1 
Interest cost2.0 2.4 1.6 1.4 1.4 1.1 
Amortization of net loss (gain)— 0.2 0.2 (2.0)(2.5)(1.8)
Amortization of prior year service cost (credit)— — 0.5 — — — 
Expected return on plan assets(0.7)(0.9)(0.4)— — — 
Effect of settlement/curtailments15.2 (0.3)— — — — 
Effect of special termination benefits— 0.3 — — — — 
Net expense (credit) recognized in Consolidated Statements of Income17.1 2.3 2.6 (0.6)(1.0)(0.6)
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) (pretax):
Net actuarial loss (gain)0.5 0.4 (1.0)0.5 1.2 (5.1)
Prior service cost— — 0.5 — — — 
Amortization of gain (loss)— (0.2)(0.2)2.0 2.5 1.8 
Amortization of prior year service cost (credit)— — (0.5)— — — 
Losses recognized as part of the settlement/curtailments(14.4)— — — — — 
Prior service cost recognized as a part of settlement/curtailments(0.8)— — — — — 
Total recognized in other comprehensive income (loss)(14.7)0.2 (1.2)2.5 3.7 (3.3)
Total recognized in net periodic benefit cost and other comprehensive income (loss) —pretax$2.4 $2.5 $1.4 $1.9 $2.7 $(3.9)
 
Pension and Other Post-Retirement Liability Adjustments [Table Text Block]
Pension and Other Post-Retirement Accumulated Other Comprehensive Income (Loss) Changes Before Tax
Amount
Tax (Expense)
Benefit
Net of
Tax Amount
Balance as of February 24, 2023$9.1 $0.2 $9.3 
Net actuarial gain (loss) arising during period(1.6)0.4 (1.2)
Amortization of net actuarial (gain) loss included in net periodic pension cost(2.3)0.6 (1.7)
   Net actuarial gain (loss) during period(3.9)1.0 (2.9)
Foreign currency translation adjustments(0.6)0.1 (0.5)
   Current period change(4.5)1.1 (3.4)
Balance as of February 23, 2024$4.6 $1.3 $5.9 
Amortization of prior service cost (credit) included in net periodic pension cost0.8 (0.2)0.6 
   Net prior service (cost) credit during period0.8 (0.2)0.6 
Net actuarial gain (loss) arising during period(1.0)0.2 (0.8)
Amortization of net actuarial (gain) loss included in net periodic pension cost12.4 (2.7)9.7 
   Net actuarial gain (loss) during period11.4 (2.5)8.9 
Foreign currency translation adjustments(0.4)0.2 (0.2)
   Current period change11.8 (2.5)9.3 
Balance as of February 28, 2025$16.4 $(1.2)$15.2 
 
Defined Benefit Plan, Assumptions [Table Text Block]
Weighted-Average
Assumptions
Pension PlansPost-Retirement Plans
Year EndedYear Ended
February 28,
2025
February 23,
2024
February 24,
2023
February 28,
2025
February 23,
2024
February 24,
2023
Weighted-average assumptions used to determine benefit obligations:
Discount rate4.50 %4.80 %4.80 %5.23 %5.46 %5.47 %
Rate of salary progression0.90 %0.50 %0.60 %
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate4.80 %4.80 %2.50 %5.46 %5.47 %3.38 %
Expected return on plan assets4.70 %4.20 %1.40 %
Rate of salary progression0.50 %0.60 %2.50 %
 
Schedule of Allocation of Plan Assets [Table Text Block]
Our pension plans’ weighted-average investment allocation strategies and weighted-average target asset allocations by asset category as of February 28, 2025 and February 23, 2024 are reflected in the following table:
Asset CategoryFebruary 28, 2025February 23, 2024
Actual
Allocations
Target
Allocations
Actual
Allocations
Target
Allocations
Buy-in contract— %— %99 %100 %
Other (1)100 100 — 
Total100 %100 %100 %100 %
________________________
(1)Represents cash and cash equivalents.
 
Defined Benefit Plan, Plan Assets, Category
The fair value of the pension plan assets as of February 28, 2025 and February 23, 2024, by asset category are as follows:
Fair Value of Pension Plan AssetsFebruary 28, 2025
Level 1Level 2Level 3Total
Cash and cash equivalents$0.3 $— $— $0.3 
$0.3 $— $— $0.3 
Fair Value of Pension Plan AssetsFebruary 23, 2024
Level 1Level 2Level 3Total
Cash and cash equivalents$0.3 $— $— $0.3 
Buy-in contract— — 22.5 22.5 
$0.3 $— $22.5 $22.8 
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
Below is a roll-forward of the pension plan assets measured at estimated fair value using Level 3 inputs during 2025 and 2024:
Roll-Forward of Fair Value Using Level 3 Inputs
Pension Plan Assets
Balance as of February 24, 2023$21.9 
Change in estimated fair value(0.5)
Foreign currency gain1.1 
Balance as of February 23, 2024$22.5 
Change in estimated fair value(1.0)
Settlement(21.8)
Foreign currency gain0.3 
Balance as of February 28, 2025$— 
 
Schedule of Expected Benefit Payments [Table Text Block] The estimated future benefit payments under our pension and post-retirement plans are as follows:
Fiscal Year Ending in FebruaryPension 
Plans
Post-retirement
Plans
2026
$4.2 $2.7 
20273.3 2.6 
20283.0 2.5 
20292.9 2.4 
20303.0 2.3 
2031 - 203511.7 10.1