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Fair Value Measurements (Tables)
 12 Months Ended
Feb. 24, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents assets and liabilities which are measured at fair value on a recurring basis as of February 24, 2018 (in millions):
 
 
Fair Value Measurements
 
 
Total
 
Quoted prices 
in active markets
for identical
assets
(Level 1)
 
Significant
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money Market
 
$
198.0

 
$
198.0

 
$
—

 
$
—

Short-term investments (1)
 
24.5

 
22.1

 
2.4

 
—

Non-current investments (2)
 
91.2

 
40.2

 
51.0

 
—

Total
 
$
313.7

 
$
260.3

 
$
53.4

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative contracts (3)
 
$
11.8

 
$
—

 
$
11.8

 
$
—

Contingent consideration (4)
 
60.0

 
—

 
—

 
60.0

Total
 
$
71.8

 
$
—

 
$
11.8

 
$
60.0

(1) Primarily relates to Mutual Funds. Included in Other current assets on the Consolidated Balance Sheets.
(2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets on the Consolidated Balance Sheets.
(3) Primarily relates to interest rate swaps. Included in Other current liabilities on the Consolidated Balance Sheets.
(4) Included in Other current liabilities and Other long-term liabilities on the Consolidated Balance Sheets.

The following table presents assets and liabilities which are measured at fair value on a recurring basis as of February 25, 2017 (in millions):
 
 
Fair Value Measurements
 
 
Total
 
Quoted prices 
in active markets
for identical
assets
(Level 1)
 
Significant
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money Market
 
$
596.0

 
$
596.0

 
$
—

 
$
—

Short-term investments (1)
 
21.6

 
19.4

 
2.2

 
—

Non-current investments (2)
 
97.5

 
45.6

 
51.9

 
—

Total
 
$
715.1

 
$
661.0

 
$
54.1

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative contracts (3)
 
$
103.7

 
$
—

 
$
103.7

 
$
—

Contingent consideration (4)
 
281.0

 
—

 
—

 
281.0

Total
 
$
384.7

 
$
—

 
$
103.7

 
$
281.0

(1) Primarily relates to Mutual Funds. Included in Other current assets on the Consolidated Balance Sheets.
(2) Primarily relates to investments in publicly traded stock classified as available for sale (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets on the Consolidated Balance Sheets.
(3) Primarily relates to interest rate swaps. Included in Other current liabilities on the Consolidated Balance Sheets.
(4) Primarily relates to CVRs. Included in Other current liabilities on the Consolidated Balance Sheets.
Reconciliation of Level 3 Liabilities
A reconciliation of the beginning and ending balances for Level 3 liabilities follows (in millions):
 
Contingent Consideration
 
February 24,
2018

February 25,
2017
Beginning balance
$
281.0

 
$
269.9

Plated acquisition
60.1

 
—

Change in fair value
(50.9
)
 
16.0

Payments
(230.2
)
 
(4.9
)
Ending balance
$
60.0

 
$
281.0