XML 88 R69.htm IDEA: XBRL DOCUMENT v3.25.1
Short-Term Borrowings And Long-Term Debt (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 28, 2025
Feb. 23, 2024
Feb. 24, 2023
Debt Instrument [Line Items]      
Debt, Long-term and Short-term, Combined Amount $ 447.1 $ 446.3  
Long-term Debt 447.1 446.3  
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months 0.0    
Long-term Debt, Maturities, Repayments of Principal in Year Two 0.0    
Long-term Debt, Maturities, Repayments of Principal in Year Three 0.0    
Long-term Debt, Maturities, Repayments of Principal in Year Four 450.0    
Long-term Debt, Maturities, Repayments of Principal in Year Five 0.0    
Amortization of Debt Issuance Costs 0.8    
Line of Credit Facility, Maximum Borrowing Capacity 300.0    
Line of Credit Facility, Additional Borrowing Capacity Available $ 150.0    
Line of Credit Facility, Covenant Terms A maximum net leverage ratio covenant, which is measured by the ratio of (x) Indebtedness less Unrestricted Cash to (y) trailing four fiscal quarter Adjusted EBITDA and is required to be less than 3.5:1. In the context of certain permitted acquisitions, we have the ability, subject to certain conditions, to increase the maximum ratio to 4.0:1 for four consecutive quarters.•A minimum interest coverage ratio covenant, which is measured by the ratio of (y) trailing four quarter Adjusted EBITDA to (z) trailing four quarter Interest Expense and is required to be no less than 3.0:1.    
Borrowings on global committed bank facility $ 0.0 69.0 $ 565.2
Line of Credit Facility, Covenant Compliance we were in compliance with all covenants under the facility.    
Line of Credit      
Debt Instrument [Line Items]      
Letters of Credit Outstanding, Amount $ 0.1    
Line of Credit | United States of America, Dollars      
Debt Instrument [Line Items]      
Line of Credit Facility, Interest Rate Description the Applicable Floating Rate Margin in effect, plus the greatest of (i) the Prime Rate, (ii) the NYFRB plus 0.5%, (iii) the Term SOFR Rate for a one-month interest period plus 1.10% or (iv) 1.00%;•the Applicable Term Benchmark/RFR Margin in effect plus (i) for borrowings in U.S. dollars, the Term SOFR Rate plus 0.10%, or (ii) for borrowings in euros, the Adjusted EURIBOR Rate; or•in limited circumstances, the Applicable Term Benchmark/RFR Margin in effect plus the Daily Simple SOFR Rate plus 0.10%.    
United States of America, Dollars | Senior Notes      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.125%    
Senior Notes $ 447.1 $ 446.3  
Debt, Long-term and Short-term, Combined Amount 450.0    
Debt Instrument, Face Amount $ 450.0    
Debt Instrument, Purchase Price as a Percentage of Par Value   99.213%  
Debt Instrument, Discount   $ 3.5  
Payments of Debt Issuance Costs   4.0  
Debt Instrument, Interest Rate, Effective Percentage 5.60%    
Debt Instrument, Unamortized Discount and Debt Issuance Costs $ 2.9    
United States of America, Dollars | Notes Payable, Other Payables [Member]      
Debt Instrument [Line Items]      
Notes Payable 0.0 [1] 0.0  
United States of America, Dollars | Line of Credit      
Debt Instrument [Line Items]      
Other committed bank facility (2) 0.0 [2] $ 0.0  
United States of America, Dollars | Revolving Credit Facilities short term, secured uncommitted [Member]      
Debt Instrument [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity 4.0    
Foreign Currency [Domain] | Revolving Credit Facilities short term, unsecured uncommitted [Member]      
Debt Instrument [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity $ 19.7    
[1] We made a balloon payment of $31.8, which repaid this note payable in 2024.
[2] This facility related to a consolidated dealer that we sold in 2024.