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Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 24, 2023
Feb. 25, 2022
ASSETS    
Cash and cash equivalents $ 90.4 $ 200.9
Accounts receivable, net of allowance of $6.5 and $8.0 373.3 340.4
Inventories 319.7 326.2
Prepaid expenses 28.9 24.0
Assets held for sale 29.0 0.0
Income taxes receivable 5.3 41.7
Other current assets 37.4 26.0
Total current assets 884.0 959.2
Property, plant and equipment, net of accumulated depreciation of $1,088.6 and $1,089.0 376.5 392.8
Company-owned life insurance ("COLI") 157.3 168.0
Deferred income taxes 117.3 121.2
Goodwill 276.8 242.8
Other intangible assets, net of accumulated amortization of $97.6 and $86.4 111.2 85.5
Investments in unconsolidated affiliates 51.1 53.1
Right-of-use operating lease assets 198.3 209.8
Other assets 30.3 28.6
Total assets 2,202.8 2,261.0
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 203.5 243.6
Short-term borrowings and current portion of long-term debt 35.7 5.1
Current operating lease obligations 44.7 44.2
Accrued expenses:    
Employee compensation 120.0 75.6
Liability, Defined Benefit Plan, Current 31.2 25.4
Accrued promotions 26.7 32.9
Customer deposits 50.8 53.4
Other Accrued Liabilities, Current 90.7 87.0
Total current liabilities 603.3 567.2
Long-term liabilities:    
Long-term debt less current maturities 445.5 477.4
Employee benefit plan obligations 103.0 126.7
Long-term operating lease obligations 169.9 182.2
Other long-term liabilities 54.9 55.3
Total long-term liabilities 773.3 841.6
Total liabilities 1,376.6 1,408.8
Shareholders' equity:    
Additional paid-in capital 19.4 1.5
Accumulated other comprehensive income (loss) (72.5) (50.6)
Retained earnings 879.3 901.3
Total shareholders’ equity 826.2 852.2
Total liabilities and shareholders’ equity 2,202.8 2,261.0
Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock-no par value; 50,000,000 shares authorized, none issued and outstanding 0.0 0.0
Class A common stock-no par value; 475,000,000 shares authorized, 92,574,308 and 87,186,800 issued and outstanding    
Shareholders' equity:    
Common stock 0.0 0.0
Class B common stock-no par value, convertible into Class A common stock on a one-for-one basis; 475,000,000 shares authorized, 20,414,413 and 24,922,494 issued and outstanding    
Shareholders' equity:    
Common stock $ 0.0 $ 0.0