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Fair Value Measurements (Tables)
 9 Months Ended
Dec. 01, 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 were measured at fair value on a recurring basis as of December 1, 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
 
$
44.0

 
$
44.0

 
$
—

 
$
—

Short-term investments (1)
 
23.2

 
21.1

 
2.1

 
—

Non-current investments (2)
 
89.1

 
36.9

 
52.2

 
—

Derivative contracts (3)
 
3.4

 
—

 
3.4

 
—

Total
 
$
159.7

 
$
102.0

 
$
57.7

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Contingent consideration (4)
 
$
19.9

 
$
—

 
$
—

 
$
19.9

Total
 
$
19.9

 
$
—

 
$
—

 
$
19.9

(1) Primarily relates to Mutual Funds. Included in Other current assets.
(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.
(3) Primarily relates to interest rate swaps. Included in Other current assets.
(4) Included in Other long-term liabilities.
The following table presents assets and liabilities which were 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.
(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.
(3) Primarily relates to interest rate swaps. Included in Other current liabilities.
(4) Included in Other current liabilities and Other long-term liabilities.
Reconciliation of Level 3 Liabilities A reconciliation of the beginning and ending balances for Level 3 liabilities follows (in millions):
 
Contingent Consideration
 
December 1, 2018
Beginning balance
$
60.0

Change in fair value
(39.4
)
Payments
(0.7
)
Ending balance
$
19.9