XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements Of Cash Flows
$ in Millions
9 Months Ended
Nov. 23, 2018
USD ($)
Nov. 24, 2017
USD ($)
OPERATING ACTIVITIES    
Net income $ 103.4 $ 80.7
Depreciation and amortization 60.5 47.7
Non-cash stock compensation 15.4 15.5
Equity in income of unconsolidated affiliates (11.1) (10.4)
Dividends received from unconsolidated affiliates 6.9 7.5
Other (12.8) (13.8)
Changes in operating assets and liabilities net of acquisitions:    
Accounts receivable (99.7) (35.8)
Inventories (52.3) (22.4)
Other assets 4.7 23.7
Accounts payable 45.6 26.1
Employee compensation liabilities (13.5) (44.2)
Employee benefit obligations (3.7) (6.2)
Accrued Liabilities and Other Operating Liabilities 2.7 26.7
Net cash provided by operating activities 46.1 95.1
INVESTING ACTIVITIES    
Capital expenditures (56.8) (58.3)
Proceeds from Sale of Property, Plant, and Equipment 20.3 6.4
Purchases of short-term investments 0.0 (52.1)
Liquidations of short-term investments 0.0 125.6
Proceeds from liquidation of company owned life insurance 21.5 4.1
Payments to Acquire Businesses, Net of Cash Acquired 226.2 0.0
Other (6.3) 4.8
Net cash provided by (used in) investing activities (247.5) 30.5
FINANCING ACTIVITIES    
Dividends paid (48.3) (45.9)
Common stock repurchases (4.1) (33.4)
Proceeds from (Payments for) Other Financing Activities 0.5 0.0
Repayments of Lines of Credit (264.4) 0.0
Proceeds from Lines of Credit 291.8 0.0
Repayments of long-term debt (2.0) (2.0)
Net cash used in financing activities (26.5) (81.3)
Effect of exchange rate changes on cash and cash equivalents (3.3) 2.7
Net increase (decrease) in cash, cash equivalents and restricted cash (231.2) 47.0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 285.6 [1] 199.6 [1]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 54.4 [2] 246.6 [2]
Restricted Cash   $ 2.5
[1] These amounts include restricted cash of $2.5 as of February 23, 2018 and February 24, 2017
[2] These amounts include restricted cash of $3.4 and $2.5 as of November 23, 2018 and November 24, 2017, respectively.All of these amounts primarily represent funds held in escrow for potential future workers’ compensation claims. The restricted cash balance is included as part of Other Assets in the Condensed Consolidated Balance Sheets.