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Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 26, 2022
Aug. 27, 2022
Current assets    
Cash and cash equivalents $ 271.7 $ 282.2
Receivables, less allowance for doubtful accounts ($0.4 and $0.6, respectively) 203.0 254.1
Inventories, net 553.0 525.8
Prepaid expenses and other current assets 26.1 31.7
Total current assets 1,053.8 1,093.8
Property, plant, and equipment, net 294.8 276.2
Goodwill 484.2 484.2
Other intangible assets, net 468.6 472.4
Investment in life insurance 28.9 28.6
Operating lease assets 40.1 41.1
Deferred income tax assets, net 3.7 0.0
Other long-term assets 19.9 20.4
Total assets 2,394.0 2,416.7
Current liabilities    
Accounts payable 133.2 217.5
Income taxes payable 20.3 0.7
Accrued expenses:    
Accrued compensation 57.1 71.6
Product warranties 122.2 127.9
Self-insurance 23.1 21.4
Promotional 22.8 21.5
Accrued interest and dividends 8.2 13.0
Other current liabilities 49.2 48.5
Total current liabilities 436.1 522.1
Long-term debt, net 590.4 545.9
Deferred income tax liabilities, net 0.0 6.1
Unrecognized tax benefits 5.8 5.7
Long-term operating lease liabilities 39.5 40.4
Deferred compensation benefits, net of current portion 8.4 8.1
Other long-term liabilities 25.2 25.4
Total liabilities 1,105.4 1,153.7
Contingent liabilities and commitments (Note 11)
Shareholders' equity:    
Preferred stock, par value $0.01: 10.0 shares authorized; Zero shares issued and outstanding 0.0 0.0
Common stock, par value $0.50: 120.0 shares authorized; 51.8 shares issued 25.9 25.9
Additional paid-in capital 191.2 256.3
Retained earnings 1,626.7 1,537.5
Accumulated other comprehensive loss (0.5) (0.5)
Treasury stock, at cost: 21.3 and 21.5 shares, respectively (554.7) (556.2)
Total shareholders' equity 1,288.6 1,263.0
Total liabilities and shareholders' equity $ 2,394.0 $ 2,416.7