Fair Value (Tables)

3 Months Ended

May 27, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value as of May 27, 2022 and February 25, 2022 are summarized below:

	May 27, 2022
Fair Value of Financial Instruments	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	116.7	$	—	$	—	$	116.7
Restricted cash	5.9		—		—		5.9
Foreign exchange forward contracts	—		2.3		—		2.3
Auction rate security	—		—		2.2		2.2
	$	122.6	$	2.3	$	2.2	$	127.1
Liabilities:
Foreign exchange forward contracts	$	—	$	(0.3)	$	—	$	(0.3)
	$	—	$	(0.3)	$	—	$	(0.3)
	February 25, 2022
Fair Value of Financial Instruments	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	200.9	$	—	$	—	$	200.9
Restricted cash	6.1		—		—		6.1
Foreign exchange forward contracts	—		1.0		—		1.0
Auction rate security	—		—		2.6		2.6
	$	207.0	$	1.0	$	2.6	$	210.6
Liabilities:
Foreign exchange forward contracts	$	—	$	(0.3)	$	—	$	(0.3)
	$	—	$	(0.3)	$	—	$	(0.3)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

Below is a roll-forward of assets and liabilities measured at fair value using Level 3 inputs for the three months ended May 27, 2022:

Roll-Forward of Fair Value Using Level 3 Inputs	Auction Rate Security
Balance as of February 25, 2022	$	2.6
Unrealized gain on investment	(0.4)
Balance as of May 27, 2022	$	2.2