XML 72 R64.htm IDEA: XBRL DOCUMENT v3.23.3
Goodwill & Other Intangible Assets Goodwill (Details) - USD ($)
$ in Millions
12 Months Ended
Feb. 24, 2023
Feb. 25, 2022
Feb. 26, 2021
Goodwill [Roll Forward]      
Goodwill, Acquired During Period [1] $ 36.8 [2] $ 25.8  
Currency translation adjustments (1.9) (1.1)  
Goodwill 598.3 564.3  
Accumulated impairment losses (321.5) (321.5)  
Goodwill, Other Increase (Decrease) [3] $ (0.9)    
Goodwill, Change in Goodwill Allocation, Description [4]    
Goodwill, net $ 276.8 242.8 $ 218.1
Schedule Of Intangible Assets By Major ClassLine Items [Line Items]      
Finite-lived intangible assets, gross 208.7 171.8  
Finite-lived intangible assets, accumulated amortization 97.6 86.4  
Finite-lived intangible assets, net 111.1 85.4  
Indefinite-lived intangible assets, gross 0.1 0.1  
Indefinite-lived intangible assets, accumulated amortization 0.0 0.0  
Indefinite-lived intangible assets, net 0.1 0.1  
Other intangible assets, gross 208.8 171.9  
Other intangible assets, net 111.2 85.5  
Intangible assets amortization expense 22.8 14.8 16.3
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Expected Amortization, Year One 17.1    
Finite-Lived Intangible Asset, Expected Amortization, Year Two 17.4    
Finite-Lived Intangible Asset, Expected Amortization, Year Three 17.1    
Finite-Lived Intangible Asset, Expected Amortization, Year Four 16.9    
Finite-Lived Intangible Asset, Expected Amortization, Year Five 13.7    
Finite-Lived Intangible Assets, Amortization Expense, Next Five Years 82.2    
Goodwill impairment charge $ 0.0 $ 0.0 17.6
Equity Method Investee, Other [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 0.00% 5.00%  
Equity Method Investee, Manufacturing Joint Ventures [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 49.00% 49.00%  
Minimum [Member] | Equity Method Investee, Other [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 0.00% 5.00%  
Minimum [Member] | Equity Method Investee, Total Dealers [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 25.00% 25.00%  
Minimum [Member] | Cost Method Investee, Other [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 1.00% 1.00%  
Minimum [Member] | Cost Method Investee, Total Dealers [Member] [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 1.00% 1.00%  
Maximum [Member] | Equity Method Investee, Other [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 0.00% 5.00%  
Maximum [Member] | Equity Method Investee, Total Dealers [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 40.00% 40.00%  
Maximum [Member] | Cost Method Investee, Other [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 10.00% 10.00%  
Maximum [Member] | Cost Method Investee, Total Dealers [Member] [Member]      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Equity Method Investment, Ownership Percentage 10.00% 10.00%  
Americas [Member]      
Goodwill [Roll Forward]      
Goodwill, Acquired During Period [1] $ 36.6 [2] $ 0.0  
Currency translation adjustments (0.5) (0.2)  
Goodwill 294.9 244.5  
Accumulated impairment losses (26.6) (26.6)  
Goodwill, Other Increase (Decrease) [3] $ (0.9)    
Goodwill, Change in Goodwill Allocation, Description [4] 15.2    
Goodwill, net $ 268.3 217.9 218.1
International      
Goodwill [Roll Forward]      
Goodwill, Acquired During Period [1] 0.2 [2] 25.8  
Currency translation adjustments (1.4) (0.9)  
Goodwill 303.4 319.8  
Accumulated impairment losses (294.9) (294.9)  
Goodwill, Other Increase (Decrease) [3] $ 0.0    
Goodwill, Change in Goodwill Allocation, Description [4] (15.2)    
Goodwill, net $ 8.5 24.9 $ 0.0
Dealer relationships [Member]      
Schedule Of Intangible Assets By Major ClassLine Items [Line Items]      
Finite-lived intangible assets, gross 83.8 [2] 61.4 [1]  
Finite-lived intangible assets, accumulated amortization 27.6 [2] 20.0 [1]  
Finite-lived intangible assets, net $ 56.2 [2] 41.4 [1]  
Dealer relationships [Member] | Weighted Average      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Useful Life 10 years 9 months    
Trademarks [Member]      
Schedule Of Intangible Assets By Major ClassLine Items [Line Items]      
Finite-lived intangible assets, gross $ 59.6 [2] 47.4 [1]  
Finite-lived intangible assets, accumulated amortization 30.6 [2] 24.5 [1]  
Finite-lived intangible assets, net $ 29.0 [2] 22.9 [1]  
Trademarks [Member] | Weighted Average      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Useful Life 8 years 11 months    
Know-How/Design [Member]      
Schedule Of Intangible Assets By Major ClassLine Items [Line Items]      
Finite-lived intangible assets, gross $ 35.5 [2] 24.2 [1]  
Finite-lived intangible assets, accumulated amortization 11.8 [2] 8.5 [1]  
Finite-lived intangible assets, net $ 23.7 [2] 15.7 [1]  
Know-How/Design [Member] | Weighted Average      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Useful Life 9 years    
Patented Technology [Member]      
Schedule Of Intangible Assets By Major ClassLine Items [Line Items]      
Finite-lived intangible assets, gross $ 15.8 15.8  
Finite-lived intangible assets, accumulated amortization 14.3 13.9  
Finite-lived intangible assets, net $ 1.5 1.9  
Patented Technology [Member] | Weighted Average      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Useful Life 9 years 11 months    
Other Intangible Assets [Member]      
Schedule Of Intangible Assets By Major ClassLine Items [Line Items]      
Finite-lived intangible assets, gross $ 14.0 [2],[3],[5] 23.0  
Finite-lived intangible assets, accumulated amortization 13.3 [2],[3],[5] 19.5  
Finite-lived intangible assets, net $ 0.7 [2],[3],[5] $ 3.5  
Other Intangible Assets [Member] | Weighted Average      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Useful Life 3 years 10 months    
Non-compete agreements [Member] | Weighted Average      
Estimated Amortization Expense, Fiscal Year Maturity [Abstract]      
Finite-Lived Intangible Asset, Useful Life 0 years    
[1] In 2022, we acquired Viccarbe resulting in a goodwill addition in the International segment. The purchase accounting was finalized in 2023. See Note 19 for additional information.
[2] In 2023, we acquired HALCON resulting in a goodwill addition in the Americas segment. See Note 19 for additional information.
[3] In 2023, we sold a consolidated dealer, resulting in a decrease to goodwill in the Americas segment.
[4] In 2023, we reallocated $15.2 of goodwill from the International segment to the Americas segment corresponding to a portion of the goodwill recognized in the acquisition of Viccarbe. The reallocation was triggered by changes in our management structure and allocation of resources to the Viccarbe business post-acquisition. The amount of the reallocation was based on the relative fair value of the Viccarbe business reported within the Americas segment. We performed an impairment test immediately prior to and subsequent to the reallocation of goodwill to assess for impairment and concluded no impairment existed.
[5] In 2023, we wrote off certain fully amortized assets as they were no longer in use, resulting in a decrease of intangible assets in the Americas and International segments.