FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 02, 2023

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

The following table presents certain assets which were measured at fair value on a recurring basis as of December 2, 2023 (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)	$	20.0	$	5.0	$	15.0	$	—
Non-current investments (2)	171.3		77.4		93.9		—
Derivative contracts (3)	4.2		—		4.2		—
Total	$	195.5	$	82.4	$	113.1	$	—

(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 and Exchange-Traded Funds (Level 1) and certain equity investments, U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.

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

The following table presents certain assets which were measured at fair value on a recurring basis as of February 25, 2023 (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)	$	21.4	$	4.6	$	16.8	$	—
Non-current investments (2)	99.3		—		99.3		—
Derivative contracts (3)	1.5		—		1.5		—
Total	$	122.2	$	4.6	$	117.6	$	—

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

(2) Primarily relates to certain equity investments, U.S. Treasury Notes and Corporate Bonds (Level 2). Included in Other assets.

(3) Primarily relates to energy derivative contracts and interest rate swaps. Included in Other assets.