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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Dec. 05, 2020
Nov. 30, 2019
Cash flows from operating activities:    
Net income $ 994.4 $ 398.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on property dispositions and impairment losses, net (47.0) (482.7)
Depreciation and amortization 1,171.7 1,281.9
Operating lease right-of-use assets amortization 443.9 418.3
LIFO expense 37.5 18.9
Deferred income tax (16.8) (40.6)
Contributions to pension and post-retirement benefit plans, net of (income) expense (80.6) (16.2)
Loss on interest rate swaps and commodity hedges, net 24.0 0.4
Amortization and write-off of deferred financing costs 16.1 35.4
Loss on debt extinguishment 57.7 65.8
Equity-based compensation expense 43.4 24.8
Other (46.0) 8.5
Changes in operating assets and liabilities:    
Receivables, net (23.1) 84.9
Inventories, net (322.9) (310.4)
Accounts payable, accrued salaries and wages and other accrued liabilities 627.1 322.4
Operating lease liabilities (357.7) (385.5)
Self-insurance assets and liabilities 20.6 5.5
Other operating assets and liabilities 453.7 (43.0)
Net cash provided by operating activities 2,996.0 1,387.0
Cash flows from investing activities:    
Payments for property, equipment and intangibles, including payments for lease buyouts (1,083.0) (1,083.7)
Proceeds from sale of assets 143.9 1,061.0
Other (5.2) (2.7)
Net cash used in investing activities (944.3) (25.4)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 3,500.0 1,518.0
Payments on long-term borrowings (3,638.7) (3,300.8)
Payments of obligations under finance leases (52.0) (78.3)
Payment of redemption premium on debt extinguishment (48.6) 0.0
Payments for debt financing costs (15.9) (25.5)
Dividends paid on common stock (47.3) 0.0
Accrued dividends on Convertible Preferred Stock (36.4) 0.0
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 (1,864.7) 0.0
Other (39.4) (26.1)
Net cash used in financing activities (643.9) (1,912.7)
Net increase (decrease) in cash and cash equivalents and restricted cash 1,407.8 (551.1)
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 $ 1,886.7 $ 416.6