Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Nov. 22, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the three months ended November 22, 2024:

	Unrealized gain on investments		Pension and other post-retirement liability adjustments		Derivative amortization		Foreign currency translation adjustments		Total
Balance as of August 23, 2024	$	1.1	$	5.0	$	(4.3)	$	(60.5)	$	(58.7)
Other comprehensive income (loss) before reclassifications	(0.4)		(0.5)		—		(14.4)		(15.3)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		11.6		0.3		—		11.9
Net other comprehensive income (loss) during the period	(0.4)		11.1		0.3		(14.4)		(3.4)
Balance as of November 22, 2024	$	0.7	$	16.1	$	(4.0)	$	(74.9)	$	(62.1)

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(1)Pension and other post-retirement liability adjustments include an $11.8 settlement charge, net of tax, related to the annuitization of our defined benefit pension plan in the United Kingdom (“U.K.”). In Q3 2025, all benefit obligations to the plan's participants were irrevocably transferred to an insurer which resulted in the accelerated recognition of actuarial losses from Accumulated other comprehensive income (loss).

The following table summarizes the changes in accumulated balances of other comprehensive income (loss) for the nine months ended November 22, 2024:

	Unrealized gain on investments		Pension and other post-retirement liability adjustments		Derivative amortization		Foreign currency translation adjustments		Total
Balance as of February 23, 2024	$	0.4	$	5.9	$	(4.7)	$	(68.5)	$	(66.9)
Other comprehensive income (loss) before reclassifications	0.3		(0.7)		—		(6.4)		(6.8)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		10.9		0.7		—		11.6
Net other comprehensive income (loss) during the period	0.3		10.2		0.7		(6.4)		4.8
Balance as of November 22, 2024	$	0.7	$	16.1	$	(4.0)	$	(74.9)	$	(62.1)

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(1)Pension and other post-retirement liability adjustments include an $11.8 settlement charge, net of tax, related to the annuitization of our defined benefit pension plan in the U.K. In Q3 2025, all benefit obligations to the plan's participants were irrevocably transferred to an insurer which resulted in the accelerated recognition of actuarial losses from Accumulated other comprehensive income (loss).

The following table provides details about reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended November 22, 2024 and November 24, 2023:

Detail of Accumulated Other Comprehensive Income (Loss) Components	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)								Affected Line in the Condensed Consolidated Statements of Income
	Three Months Ended				Nine Months Ended
	November 22, 2024		November 24, 2023		November 22, 2024		November 24, 2023
Amortization of pension and other post-retirement actuarial losses (gains) (1)
Actuarial losses (gains)	14.1		(0.5)		13.2		(1.7)		Other income (expense), net
Prior service cost	0.8		—		0.8		—		Other income (expense), net
Income tax expense (benefit) (1)	(3.3)		0.1		(3.1)		0.4		Income tax expense
	11.6		(0.4)		10.9		(1.3)
Derivative amortization	0.4		0.2		1.0		0.9		Interest expense
Income tax benefit	(0.1)		—		(0.3)		(0.2)		Income tax expense
	0.3		0.2		0.7		0.7
Total reclassifications	$	11.9	$	(0.2)	$	11.6	$	(0.6)