XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
May 26, 2017
Feb. 24, 2017
ASSETS    
Cash and cash equivalents $ 143.9 $ 197.1
Short-term investments 37.3 73.4
Accounts receivable, net of allowances of $11.5 and $11.2 328.1 307.6
Inventories 174.6 163.1
Prepaid expense 22.7 19.1
Other current assets 44.3 58.9
Total current assets 750.9 819.2
Property, plant and equipment, net of accumulated depreciation of $982.7 and $959.6 417.2 408.1
Company-owned life insurance 167.4 168.8
Deferred income taxes 182.7 179.6
Goodwill 106.6 106.7
Other intangible assets, net of accumulated amortization of $44.2 and $43.2 16.5 16.8
Investments in unconsolidated affiliates 49.8 50.5
Other assets 41.9 42.3
Total assets 1,733.0 1,792.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 225.9 216.8
Short-term borrowings and current maturities of long-term debt 2.8 2.8
Accrued expenses:    
Employee compensation 75.9 154.3
Employee benefit plan obligations 17.6 35.0
Accrued promotions 19.1 19.0
Customer deposits 24.3 15.9
Product warranties 19.2 20.4
Other 66.2 59.2
Total current liabilities 451.0 523.4
Long-term liabilities:    
Long-term debt less current maturities 294.0 294.6
Employee benefit plan obligations 132.2 134.3
Other long-term liabilities 66.4 73.2
Total long-term liabilities 492.6 502.1
Total liabilities 943.6 1,025.5
Shareholders' equity:    
Common stock 0.0 0.0
Additional paid-in capital 6.2 0.0
Accumulated other comprehensive loss (36.3) (50.6)
Retained earnings 819.5 817.1
Total shareholders' equity 789.4 766.5
Total liabilities and shareholders' equity $ 1,733.0 $ 1,792.0