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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Feb. 27, 2021
Feb. 29, 2020
Feb. 23, 2019
Income Statement [Abstract]      
Net sales and other revenue $ 69,690.4 $ 62,455.1 $ 60,534.5
Cost of sales 49,275.9 44,860.9 43,639.9
Gross profit 20,414.5 17,594.2 16,894.6
Selling and administrative expenses 18,835.8 16,641.9 16,272.3
Gain on property dispositions and impairment losses, net (38.8) (484.8) (165.0)
Operating income 1,617.5 1,437.1 787.3
Interest expense, net 538.2 698.0 830.8
Loss on debt extinguishment 85.3 111.4 8.7
Other (income) expense, net (134.7) 28.5 (104.4)
Income before income taxes 1,128.7 599.2 52.2
Income tax expense (benefit) 278.5 132.8 (78.9)
Net income 850.2 466.4 131.1
Other comprehensive income (loss), net of tax:      
Loss on interest rate swaps 0.0 (3.4) (15.5)
Recognition of pension gain (loss) 183.0 (210.5) (83.1)
Other (1.0) 4.1 (1.2)
Other comprehensive income (loss) 182.0 (209.8) (99.8)
Comprehensive income $ 1,032.2 $ 256.6 $ 31.3
Net income per Class A common share:      
Basic net income per common share (in dollars per share) $ 1.53 $ 0.80 $ 0.23
Diluted net income per common share (in dollars per share) $ 1.47 $ 0.80 $ 0.23
Weighted average Class A common shares outstanding:      
Basic (in shares) 500.3 579.4 580.5
Weighted average Class A common shares outstanding - Basic (in shares) 578.1 580.3 580.7