XML 42 R27.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Feb. 27, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The Company's Intangible assets, net consisted of the following (in millions):
February 27,
2021
February 29,
2020
Estimated useful lives (Years)Gross carrying amountAccumulated amortizationNetGross carrying amountAccumulated amortizationNet
Trade names40$1,941.7 $(312.5)$1,629.2 $1,912.1 $(264.6)$1,647.5 
Customer prescription files
51,511.3 (1,458.6)52.7 1,472.1 (1,440.9)31.2 
Internally developed software
3 to 5
777.5 (441.1)336.4 780.0 (465.2)314.8 
Other intangible assets (1)
3 to 6
52.3 (48.8)3.5 51.7 (44.1)7.6 
Total finite-lived intangible assets
4,282.8 (2,261.0)2,021.8 4,215.9 (2,214.8)2,001.1 
Liquor licenses and restricted covenants
Indefinite87.0 — 87.0 86.1 — 86.1 
Total intangible assets, net
$4,369.8 $(2,261.0)$2,108.8 $4,302.0 $(2,214.8)$2,087.2 
(1) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.
Schedule of Indefinite-Lived Intangible Assets
The Company's Intangible assets, net consisted of the following (in millions):
February 27,
2021
February 29,
2020
Estimated useful lives (Years)Gross carrying amountAccumulated amortizationNetGross carrying amountAccumulated amortizationNet
Trade names40$1,941.7 $(312.5)$1,629.2 $1,912.1 $(264.6)$1,647.5 
Customer prescription files
51,511.3 (1,458.6)52.7 1,472.1 (1,440.9)31.2 
Internally developed software
3 to 5
777.5 (441.1)336.4 780.0 (465.2)314.8 
Other intangible assets (1)
3 to 6
52.3 (48.8)3.5 51.7 (44.1)7.6 
Total finite-lived intangible assets
4,282.8 (2,261.0)2,021.8 4,215.9 (2,214.8)2,001.1 
Liquor licenses and restricted covenants
Indefinite87.0 — 87.0 86.1 — 86.1 
Total intangible assets, net
$4,369.8 $(2,261.0)$2,108.8 $4,302.0 $(2,214.8)$2,087.2 
(1) Other intangible assets includes covenants not to compete, specialty accreditation and licenses and patents.
Schedule of Future Amortization Expense of Finite-Lived Intangible Assets Estimated future amortization expense associated with the net carrying amount of intangibles with finite lives is as follows (in millions):
Fiscal YearAmortization Expected
2021$175.1 
2022158.7 
2023125.4 
202485.6 
202559.8 
Thereafter1,417.2 
Total$2,021.8