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Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 25, 2023
Aug. 26, 2023
Current assets    
Cash and cash equivalents $ 219.6 $ 309.9
Receivables, less allowance for credit losses ($0.4 and $0.4, respectively) 187.6 178.5
Inventories, net 494.0 470.6
Prepaid expenses and other current assets 33.4 37.7
Total current assets 934.6 996.7
Property, plant, and equipment, net 331.1 327.3
Goodwill 514.5 514.5
Other intangible assets, net 496.4 502.0
Investment in life insurance 29.6 29.3
Operating lease assets 41.3 42.6
Other long-term assets 21.4 20.0
Total assets 2,368.9 2,432.4
Current liabilities    
Accounts payable 123.4 146.9
Accrued expenses:    
Accrued compensation 34.2 35.9
Product warranties 91.8 97.8
Self-insurance 23.1 23.3
Promotional 28.5 29.9
Accrued interest and dividends 7.8 13.7
Other current liabilities 38.5 48.5
Total current liabilities 347.3 396.0
Non-current liabilities    
Long-term debt, net 593.1 592.4
Deferred income tax liabilities, net 12.7 11.7
Unrecognized tax benefits 6.4 6.1
Long-term operating lease liabilities 40.5 42.0
Deferred compensation benefits, net of current portion 7.2 7.9
Other long-term liabilities 7.7 8.2
Total liabilities 1,014.9 1,064.3
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 196.4 197.7
Retained earnings 1,773.6 1,747.8
Accumulated other comprehensive loss (0.4) (0.4)
Treasury stock, at cost: 22.6 and 22.0 shares, respectively (641.5) (602.9)
Total shareholders' equity 1,354.0 1,368.1
Total liabilities and shareholders' equity $ 2,368.9 $ 2,432.4