FAIR VALUE MEASUREMENTS (Tables)

4 Months Ended

Jun. 19, 2021

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents assets and liabilities which were measured at fair value on a recurring basis as of June 19, 2021 (in millions):


	Fair Value Measurements
	Total		Quoted prices in active markets for identical assets (Level 1)		Significant observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:


Short-term investments (1)	$	11.7	$	4.8	$	6.9	$	—
Non-current investments (2)	104.9		32.3		72.6		—
Derivative contracts (3)	9.9		—		9.9		—
Total	$	126.5	$	37.1	$	89.4	$	—

Liabilities:
Derivative contracts (4)	$	34.0	$	—	$	34.0	$	—

Total	$	34.0	$	—	$	34.0	$	—

(1) Primarily relates to Mutual Funds (Level 1) and Certificates of Deposit (Level 2). Included in Other current assets.

(2) Primarily relates to investments in publicly traded stock (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.

(3) Primarily relates to energy hedges. Included in Other assets.

(4) Primarily relates to interest rate swaps. Included in Other current liabilities.

The following table presents assets and liabilities which were measured at fair value on a recurring basis as of February 27, 2021 (in millions):


	Fair Value Measurements
	Total		Quoted prices in active markets for identical assets (Level 1)		Significant observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:


Short-term investments (1)	$	11.9	$	4.4	$	7.5	$	—
Non-current investments (2)	110.2		40.3		69.9		—
Total	$	122.1	$	44.7	$	77.4	$	—

Liabilities:
Derivative contracts (3)	$	40.0	$	—	$	40.0	$	—

Total	$	40.0	$	—	$	40.0	$	—

(1) Primarily relates to Mutual Funds (Level 1) and Certificates of Deposit (Level 2). Included in Other current assets.

(2) Primarily relates to investments in publicly traded stock (Level 1) and U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.

(3) Primarily relates to interest rate swaps. Included in Other current liabilities.