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NET INCOME PER CLASS A COMMON SHARE (Tables)
9 Months Ended
Dec. 04, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The components of basic and diluted net income per Class A common share were as follows (in millions, except per share data):
12 weeks ended40 weeks ended
December 4,
2021
December 5,
2020
December 4,
2021
December 5,
2020
Basic net income per Class A common share
Net income$424.5 $123.7 $1,164.5 $994.4 
Accrued dividends on Convertible Preferred Stock(27.2)(27.3)(90.9)(58.1)
Earnings allocated to Convertible Preferred Stock(34.2)— (155.4)(25.4)
Net income allocated to Class A common stockholders - Basic$363.1 $96.4 $918.2 $910.9 
Weighted average Class A common shares outstanding - Basic (1)466.0 468.7 465.4 511.0 
Basic net income per Class A common share$0.78 $0.21 $1.97 $1.78 
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Basic$363.1 $96.4 $918.2 $910.9 
Accrued dividends on Convertible Preferred Stock27.2 — — 58.1 
Earnings allocated to Convertible Preferred Stock34.2 — — 25.4 
Net income allocated to Class A common stockholders - Diluted$424.5 $96.4 $918.2 $994.4 
Weighted average Class A common shares outstanding - Basic (1)466.0 468.7 465.4 511.0 
Dilutive effect of:
   Restricted stock units and awards6.6 3.4 5.8 4.0 
   Convertible Preferred Stock (2)101.6 — — 65.3 
Weighted average Class A common shares outstanding - Diluted (3)574.2 472.1 471.2 580.3 
Diluted net income per Class A common share$0.74 $0.20 $1.95 $1.71 
(1) There were no Class A common shares remaining to be issued for the 12 and 40 weeks ended December 4, 2021 and December 5, 2020.
(2) Reflects the number of shares of Convertible Preferred Stock issued, if converted into common stock for the period outstanding. For the 40 weeks ended December 4, 2021 and the 12 weeks ended December 5, 2020, 101.6 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive.
(3) There were no potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for the 12 and 40 weeks ended December 4, 2021 and December 5, 2020.