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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 26, 2022
Feb. 25, 2022
Assets, Current [Abstract]    
Cash and cash equivalents $ 52.2 $ 200.9
Accounts receivable, net of allowance of $8.6 and $8.0 413.3 340.4
Inventories 396.7 326.2
Prepaid expenses 31.2 24.0
Income taxes receivable 19.5 41.7
Other current assets 40.0 26.0
Total current assets 952.9 959.2
Property, plant and equipment, net of accumulated depreciation of $1,085.8 and $1,089.0 404.5 392.8
Company-owned life insurance ("COLI") 161.7 168.0
Deferred income taxes 114.6 121.2
Goodwill 277.0 242.8
Other intangible assets, net of accumulated amortization of $93.4 and $86.4 123.0 85.5
Investments in unconsolidated affiliates 45.8 53.1
Right-of-use operating lease assets 193.6 209.8
Other assets 29.5 28.6
Total assets 2,302.6 2,261.0
Liabilities, Current [Abstract]    
Accounts payable 274.2 243.6
Short-term borrowings and current portion of long-term debt 118.1 5.1
Current operating lease obligations 40.7 44.2
Accrued expenses:    
Employee compensation 78.9 75.6
Employee benefit plan obligations 22.0 25.4
Accrued promotions 27.4 32.9
Customer deposits 65.3 53.4
Other 98.5 87.0
Total current liabilities 725.1 567.2
Long-term liabilities:    
Long-term debt less current maturities 445.4 477.4
Employee benefit plan obligations 111.4 126.7
Long-term operating lease obligations 168.7 182.2
Other long-term liabilities 52.6 55.3
Total long-term liabilities 778.1 841.6
Total liabilities 1,503.2 1,408.8
Shareholders' equity:    
Additional paid-in capital 13.7 1.5
Accumulated Other Comprehensive Income (Loss), Net of Tax (89.8) (50.6)
Retained earnings 875.5 901.3
Total shareholders’ equity 799.4 852.2
Total liabilities and shareholders’ equity $ 2,302.6 $ 2,261.0