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Income Taxes (Tables)

12 Months Ended

Feb. 28, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes on income before income tax expense (benefit) consists of:

Provision for Income Tax Expense (Benefit)			Year Ended
			February 28, 2025						February 23, 2024						February 24, 2023
Current income tax expense:
Federal			$	43.6					$	6.6					$	1.3
State and local			12.8						3.5						0.8
Foreign			13.9						14.9						14.9
			70.3						25.0						17.0
Deferred income tax expense (benefit):
Federal			(47.6)						(0.1)						(2.3)
State and local			(10.6)						(1.8)						1.4
Foreign			1.4						2.9						0.2
			(56.8)						1.0						(0.7)
Income tax expense			$	13.5					$	26.0					$	16.3

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income taxes were based on the following sources of income before income tax expense (benefit):

Source of Income Before Income Tax Expense (Benefit)			Year Ended
			February 28, 2025						February 23, 2024						February 24, 2023
Domestic			$	95.9					$	42.3					$	2.1
Foreign			38.3						64.8						49.5
			$	134.2					$	107.1					$	51.6

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The total income tax expense recognized is reconciled to that computed by applying the U.S. federal statutory tax rate of 21.0%, as follows:

Income Tax Provision Reconciliation			Year Ended
			February 28, 2025						February 23, 2024						February 24, 2023
Tax expense at the U.S. federal statutory rate			$	28.2					$	22.5					$	10.8
State and local income taxes, net of federal tax effect			1.8						1.3						2.0
Foreign operations, less applicable foreign tax credits (1)			0.1						5.9						4.0
Contingent consideration (2)			—						(2.0)						0.9
Valuation allowance provisions and adjustments (3)			4.9						1.9						1.0
COLI income (4)			(2.0)						(2.2)						(0.4)
Foreign-derived intangible income ("FDII") deduction (5)			(8.6)						—						—
Changes under U.S Internal Revenue Code ("IRC") Section 987 (6)			(9.2)						—						—
Officer compensation limitation			2.6						1.9						1.0
Research tax credit			(3.8)						(3.5)						(2.9)
Other U.S. domestic tax credits			(0.3)						(0.3)						(0.3)
Stock compensation			(0.7)						0.4						0.4
Other			0.5						0.1						(0.2)
Total income tax expense recognized			$	13.5					$	26.0					$	16.3

________________________

(1)The foreign operations, less applicable foreign tax credits, amounts include the rate differential between local statutory rates and the U.S. rate on foreign operations.

(2)In 2024, we recorded a decrease in the fair value of the contingent consideration liability related to the acquisition of Viccarbe, which is nontaxable. In 2023, we recorded an increase in the fair value of this liability, which is non-deductible for tax purposes.

(3)The valuation allowance provisions and adjustments of our deferred tax assets are based on current year assessments of realizability, which are further detailed below.

(4)The increase in the cash surrender value of COLI policies, net of normal insurance expenses, plus maturity benefits are non-taxable.

(5)In 2025, we qualified for the U.S. FDII deduction due to increased foreign source sales recognized for tax purposes, which resulted in a temporary book-to-tax difference.

(6)Final regulations under IRC Section 987 were enacted in 2025 and resulted in the recognition of a deferred tax asset on the accumulated unrecognized foreign currency exchange losses of foreign branches using a functional currency other than the U.S. dollar.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of deferred income taxes are as follows:

Deferred Income Taxes			February 28, 2025						February 23, 2024
Deferred income tax assets:
Employee benefit plan obligations and deferred compensation			$	53.1					$	51.9
Deferred revenue (1)			41.3						3.6
Operating lease obligations			35.9						47.6
Foreign and domestic net operating loss carryforwards			29.1						33.0
Capitalized research expenditures			28.1						23.9
Reserves and allowances			19.5						18.6
Accumulated foreign exchange losses under IRC Section 987			11.3						—
Tax credit carryforwards			9.9						12.7
Other, net			8.1						2.9
Total deferred income tax assets			236.3						194.2
Valuation allowances			(10.8)						(6.2)
Net deferred income tax assets			225.5						188.0
Deferred income tax liabilities:
Right-of-use operating lease assets			32.6						43.9
Property, plant and equipment			12.8						17.4
Intangible assets			18.6						18.1
Total deferred income tax liabilities			64.0						79.4
Net deferred income taxes			$	161.5					$	108.6
Net deferred income taxes is comprised of the following components:
Deferred income tax assets—non-current			166.8						115.8
Deferred income tax liabilities—non-current			5.3						7.2

________________________

(1)In 2025, we qualified for the U.S. FDII deduction due to increased foreign source sales recognized for tax purposes, which resulted in a temporary book-to-tax difference.

Schedule of Current Taxes Payable or Refundable [Table Text Block]

Income taxes currently payable or receivable are reported on the Consolidated Balance Sheets as follows:

Income Taxes			February 28, 2025						February 23, 2024
Other current assets:
Income taxes receivable			$	7.8					$	11.5
Other current liabilities:
Income taxes payable			$	22.3					$	2.6

Summary of Operating Loss Carryforwards [Table Text Block]

Operating loss and tax credit carryforwards expire as follows:

Fiscal Year Ending February			Net Operating Loss Carryforwards (Gross)																		Net Operating Loss Carryforwards (Tax Effected)																								Tax Credit Carryforwards
			Federal						State						International						Federal						State						International						Total
2026			$	—					$	—					$	0.8					$	—					$	—					$	0.2					$	0.2					$	—
2027-2045			0.7						5.2						11.0						0.1						0.4						2.7						3.2						9.9
No expiration			—						0.7						100.7						—						—						25.7						25.7						—
			$	0.7					$	5.9					$	112.5					0.1						0.4						28.6						29.1						9.9
Valuation allowances																					—						—						(3.1)						(3.1)						—
Net benefit																					$	0.1					$	0.4					$	25.5					$	26.0					$	9.9

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending balances of unrecognized tax benefits is as follows:

Unrecognized Tax Benefits			Year Ended
			February 28, 2025						February 23, 2024						February 24, 2023
Balance as of beginning of period			$	2.0					$	2.0					$	2.1
Gross increases—tax positions in prior period			0.3						—						—
Currency translation adjustment			(0.1)						—						(0.1)
Balance as of end of period			$	2.2					$	2.0					$	2.0

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