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QUARTERLY INFORMATION (unaudited) (Tables)
12 Months Ended
Feb. 23, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data The summarized quarterly financial data presented below reflects all adjustments, which in the opinion of management, are of a normal and recurring nature and are necessary for a fair statement of the results for the interim periods presented (in millions):
 
 
Fiscal 2018
 
 
52
Weeks
 
Last 12
Weeks
 
Third 12
Weeks
 
Second 12
Weeks
 
First 16
Weeks
Net sales and other revenue
 
$
60,534.5

 
$
14,016.6

 
$
13,840.4

 
$
14,024.1

 
$
18,653.4

Gross profit
 
16,894.6

 
4,058.7

 
3,852.4

 
3,812.8

 
5,170.7

Operating income
 
787.3

 
288.4

 
174.4

 
131.4

 
193.1

Income (loss) before income taxes
 
52.2

 
137.0

 
(19.8
)
 
(44.3
)
 
(20.7
)
Income tax (benefit) expense
 
(78.9
)
 
1.4

 
(65.4
)
 
(11.9
)
 
(3.0
)
Net income (loss)
 
$
131.1

 
$
135.6

 
$
45.6

 
$
(32.4
)
 
$
(17.7
)
 
 
Fiscal 2017
 
 
52
Weeks
 
Last 12
Weeks
 
Third 12
Weeks
 
Second 12
Weeks
 
First 16
Weeks
Net sales and other revenue
 
$
59,924.6

 
$
14,033.7

 
$
13,599.2

 
$
13,831.7

 
$
18,460.0

Gross profit
 
16,361.1

 
3,948.3

 
3,624.6

 
3,729.7

 
5,058.5

Operating (loss) income (1)
 
(56.6
)
 
181.8

 
(101.0
)
 
(219.8
)
 
82.4

(Loss) income before income taxes
 
(917.5
)
 
15.3

 
(305.4
)
 
(422.9
)
 
(204.5
)
Income tax (benefit) expense
 
(963.8
)
 
(373.0
)
 
(523.5
)
 
(67.7
)
 
0.4

Net income (loss)
 
$
46.3

 
$
388.3

 
$
218.1

 
$
(355.2
)
 
$
(204.9
)
(1) Fiscal 2017 has been adjusted for the retrospective adoption of Accounting Standards Update ("ASU") 2017-07, "Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" in the first quarter of fiscal 2018. We reclassified non-service pension and post-retirement cost components to Other income from Selling and administrative expenses. See Note 1 - Description of business, basis of presentation and summary of significant accounting policies.