XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 09, 2023
Sep. 10, 2022
Sep. 09, 2023
Sep. 10, 2022
Income Statement [Abstract]        
Net sales and other revenue $ 18,290.7 $ 17,919.4 $ 42,340.9 $ 41,229.7
Cost of sales 13,249.2 12,914.8 30,636.7 29,680.1
Gross margin 5,041.5 5,004.6 11,704.2 11,549.6
Selling and administrative expenses 4,595.5 4,487.6 10,608.4 10,351.9
(Gain) loss on property dispositions and impairment losses, net (8.4) (14.0) 19.2 (93.4)
Operating income 454.4 531.0 1,076.6 1,291.1
Interest expense, net 111.9 89.8 266.8 228.7
Other expense (income), net 8.1 (18.9) (7.9) (25.2)
Income before income taxes 334.4 460.1 817.7 1,087.6
Income tax expense 67.5 117.4 133.6 260.7
Net income 266.9 342.7 684.1 826.9
Other comprehensive income (loss), net of tax        
Recognition of pension (loss) gain (1.9) 0.1 (2.5) 0.3
Other 0.4 (0.2) 2.1 (3.2)
Other comprehensive (loss) income (1.5) (0.1) (0.4) (2.9)
Comprehensive income $ 265.4 $ 342.6 $ 683.7 $ 824.0
Net income per Class A common share        
Basic net income per Class A common share (in dollars per share) $ 0.46 $ 0.61 $ 1.19 $ 1.44
Diluted net income per Class A common share (in dollars per share) $ 0.46 $ 0.59 $ 1.18 $ 1.43
Weighted average Class A common shares outstanding (in millions)        
Basic (in shares) 576.0 531.9 574.7 521.3
Diluted (in shares) 581.9 576.3 580.3 525.9