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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Feb. 23, 2019
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 23, 2019 (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
 
$
489.0

 
$
489.0

 
$
—

 
$
—

Short-term investments (1)
 
23.1

 
21.0

 
2.1

 
—

Non-current investments (2)
 
84.2

 
30.5

 
53.7

 
—

Total
 
$
596.3

 
$
540.5

 
$
55.8

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative contracts (3)
 
$
21.1

 
$
—

 
$
21.1

 
$
—

Total
 
$
21.1

 
$
—

 
$
21.1

 
$
—

(1) Primarily relates to Mutual Funds. Included in Other current assets.
(2) Primarily relates to investments in publicly traded stock (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.

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.
(2) Primarily relates to investments in publicly traded stock (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 contingent consideration obligations are as follows (in millions):
 
Contingent Consideration
 
February 23,
2019

February 24,
2018
Beginning balance
$
60.0

 
$
281.0

Plated acquisition
—

 
60.1

Change in fair value
(59.3
)
 
(50.9
)
Payments
(0.7
)
 
(230.2
)
Ending balance
$
—

 
$
60.0