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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Dec. 04, 2021
Dec. 05, 2020
Cash flows from operating activities:    
Net income $ 1,164.5 $ 994.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on property dispositions and impairment losses, net (13.3) (47.0)
Depreciation and amortization 1,273.2 1,171.7
Operating lease right-of-use assets amortization 478.2 443.9
LIFO expense 58.6 37.5
Deferred income tax 99.4 (16.8)
Contributions to pension and post-retirement benefit plans, net of (income) expense (73.6) (80.6)
(Gain) loss on interest rate swaps and commodity hedges, net (8.8) 24.0
Deferred financing costs 16.0 16.1
Loss on debt extinguishment 3.7 57.7
Equity-based compensation expense 75.4 43.4
Other (48.7) (46.0)
Changes in operating assets and liabilities:    
Receivables, net (69.6) (23.1)
Inventories, net (427.4) (322.9)
Accounts payable, accrued salaries and wages and other accrued liabilities 627.6 627.1
Operating lease liabilities (388.2) (357.7)
Self-insurance assets and liabilities 34.7 20.6
Other operating assets and liabilities (18.9) 453.7
Net cash provided by operating activities 2,782.8 2,996.0
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (25.4) 0.0
Payments for property, equipment and intangibles, including payments for lease buyouts (1,216.4) (1,083.0)
Proceeds from sale of long-lived assets 37.8 143.9
Other investing activities 26.9 (5.2)
Net cash used in investing activities (1,177.1) (944.3)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0.0 3,500.0
Payments on long-term borrowings (330.6) (3,638.7)
Payments of obligations under finance leases (50.6) (52.0)
Payment of redemption premium on debt extinguishment (2.9) (48.6)
Payments for debt financing costs 0.0 (15.9)
Dividends paid on common stock (149.0) (47.3)
Dividends paid on convertible preferred stock (88.6) (36.4)
Proceeds from convertible preferred stock 0.0 1,680.0
Third party issuance costs on convertible preferred stock 0.0 (80.9)
Treasury stock purchase, at cost 0.0 (1,864.7)
Employee tax withholding on vesting of restricted stock units (28.7) (13.7)
Other financing activities (11.3) (25.7)
Net cash used in financing activities (661.7) (643.9)
Net increase in cash and cash equivalents and restricted cash 944.0 1,407.8
Cash and cash equivalents and restricted cash at beginning of period 1,767.6 478.9
Cash and cash equivalents and restricted cash at end of period $ 2,711.6 $ 1,886.7