XML 58 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Investments In Unconsolidated Affiliates (Tables)
12 Months Ended
Feb. 22, 2019
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]  
Schedule of equity method investments [Table Text Block]
Our investments in unconsolidated affiliates and related direct ownership interests are summarized below:
Investments in unconsolidated affiliates
February 22, 2019
February 23, 2018
Investment
Balance
Ownership
Interest
Investment
Balance
Ownership
Interest
Equity method investments
 
 
 
 
 
 
 
 
Dealer relationships
$
28.1

 
25%-40%
 
$
26.0

 
25%-40%
 
Manufacturing joint venture
10.9

 
49%
 
9.4

 
49%
 
IDEO and other
6.5

 
5%-28%
 
6.1

 
5%-28%
 
 
45.5

 
 
 
41.5

 
 
 
Cost method investments
 
 
 
 
 
 
 
 
Dealer relationship
5.8

 
Less than 10%
 
5.8

 
Less than 10%
 
Other
5.6

 
Less than 10%
 
1.1

 
Less than 10%
 
 
11.4

 
 
 
6.9

 
 
 
Total investments in unconsolidated affiliates
$
56.9

 
 
 
$
48.4

 
 
 
Equity in earnings of unconsolidated affiliates [Table Text Block]
Our equity in earnings of unconsolidated affiliates is recorded in Other income, net on the Consolidated Statements of Income and is summarized below:
Equity in earnings of unconsolidated affiliates
Year Ended
February 22,
2019
February 23,
2018
February 24,
2017
Dealer relationships
$
9.9

 
$
8.5

 
$
8.0

 
Manufacturing joint venture
2.8

 
3.3

 
1.1

 
IDEO and other
1.0

 
1.0

 
0.6

 
Total equity in earnings of unconsolidated affiliates
$
13.7

 
$
12.8

 
$
9.7

 
Schedule of consolidated balance sheets of unconsolidated affiliates [Table Text Block]
The summarized financial information presented below represents the combined accounts of our equity method investments in unconsolidated affiliates.
Consolidated Balance Sheets
February 22,
2019
February 23,
2018
Total current assets
$
230.2

 
$
225.0

 
Total non-current assets
69.1

 
56.3

 
Total assets
$
299.3

 
$
281.3

 
Total current liabilities
$
143.6

 
$
146.9

 
Total long-term liabilities
15.5

 
8.7

 
Total liabilities
$
159.1

 
$
155.6

 
Schedule of statements of income of unconsolidated affiliates [Table Text Block]
Statements of Income
Year Ended
February 22,
2019
February 23,
2018
February 24,
2017
Revenue
$
806.4

 
$
708.9

 
$
649.1

 
Gross profit
235.6

 
214.7

 
182.2

 
Income before income tax expense
64.2

 
54.6

 
40.8

 
Net income
60.3

 
45.3

 
36.9

 
Supplemental Schedule for unconsolidated affiliates [Table Text Block]
Supplemental Information
Year Ended
February 22,
2019
February 23,
2018
February 24,
2017
Dividends received from unconsolidated affiliates
$
9.1

 
$
10.3

 
$
9.9

 
Sales to unconsolidated affiliates
302.6

 
254.7

 
270.0

 
Amount due from unconsolidated affiliates
11.4

 
12.1

 
10.6