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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
May 24, 2019
Feb. 22, 2019
ASSETS    
Cash and cash equivalents $ 152.7 $ 261.3
Accounts receivable, net of allowances of $8.5 and $8.7 402.5 390.3
Inventories 241.3 224.8
Prepaid expense 22.1 19.5
Other current assets 47.8 52.7
Total current assets 866.4 948.6
Property, plant and equipment, net of accumulated depreciation of $1,016.0 and $1,009.3 450.2 455.5
Company-owned life insurance 156.7 156.1
Deferred income taxes 133.9 135.8
Goodwill 240.1 240.8
Other intangible assets, net of accumulated amortization of $58.5 and $55.8 115.2 119.3
Investments in unconsolidated affiliates 53.7 56.9
Operating Lease, Right-of-Use Asset 207.2 0.0
Other assets 32.3 29.4
Total assets 2,255.7 2,142.4
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 263.1 241.2
Short-term borrowings and current maturities of long-term debt 4.2 4.1
Operating Lease, Liability, Current 36.4 0.0
Accrued expenses:    
Employee compensation 79.4 168.1
Employee benefit plan obligations 23.9 37.1
Accrued promotions 28.6 27.7
Customer deposits 22.3 20.0
Product warranties 14.5 16.4
Other 78.6 80.6
Total current liabilities 551.0 595.2
Long-term liabilities:    
Long-term debt less current maturities 482.4 482.9
Employee benefit plan obligations 131.3 141.6
Operating Lease, Liability, Noncurrent 182.2 0.0
Other long-term liabilities 56.8 72.9
Total long-term liabilities 852.7 697.4
Total liabilities 1,403.7 1,292.6
Shareholders' equity:    
Additional paid-in capital [1] 25.9 16.4
Accumulated Other Comprehensive Income (Loss), Net of Tax (55.1) (47.3)
Retained earnings 881.2 880.7
Total shareholders' equity 852.0 849.8
Total liabilities and shareholders' equity $ 2,255.7 $ 2,142.4
[1]
Shares of our Class A and Class B common stock have no par value; thus, there are no balances for common stock.