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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Sep. 12, 2020
Sep. 07, 2019
Cash flows from operating activities:    
Net income $ 870.7 $ 343.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (gain) on property dispositions and impairment losses, net 12.0 (464.0)
Depreciation and amortization 808.8 897.6
Operating lease right-of-use assets amortization 309.3 288.4
LIFO expense 23.2 16.3
Deferred income tax 2.8 (14.4)
Contributions to pension and post-retirement benefit plans, net of (income) expense (68.9) (12.0)
Loss on interest rate swaps and commodity hedges, net 25.9 0.3
Amortization and write-off of deferred financing costs 11.2 26.1
Loss on debt extinguishment 49.1 65.8
Equity-based compensation expense 28.3 17.6
Other (28.7) 19.6
Changes in operating assets and liabilities:    
Receivables, net (21.7) 67.4
Inventories, net 62.2 (23.8)
Accounts payable, accrued salaries and wages and other accrued liabilities 585.4 86.8
Operating lease liabilities (228.4) (267.9)
Self-insurance assets and liabilities 24.2 6.1
Other operating assets and liabilities 255.4 31.1
Net cash provided by operating activities 2,720.8 1,084.8
Cash flows from investing activities:    
Payments for property, equipment and intangibles, including payments for lease buyouts (702.9) (716.3)
Proceeds from sale of assets 20.6 1,029.5
Other (4.8) (5.5)
Net cash (used in) provided by investing activities (687.1) 307.7
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 3,500.0 750.0
Payments on long-term borrowings (3,388.5) (2,558.4)
Payments of obligations under finance leases (32.9) (56.1)
Payment of redemption premium on debt extinguishment (41.4) 0.0
Payments for debt financing costs (15.6) (14.9)
Proceeds from convertible preferred stock 1,680.0 0.0
Third party issuance costs on convertible preferred stock (80.9) 0.0
Treasury stock purchase, at cost (1,680.0) 0.0
Other (21.4) (16.1)
Net cash used in financing activities (80.7) (1,895.5)
Net increase (decrease) in cash and cash equivalents and restricted cash 1,953.0 (503.0)
Cash and cash equivalents and restricted cash at beginning of period 478.9 967.7
Cash and cash equivalents and restricted cash at end of period $ 2,431.9 $ 464.7