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NET INCOME PER CLASS A COMMON SHARE (Tables)
9 Months Ended
Dec. 02, 2023
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 2,
2023
December 3,
2022
December 2,
2023
December 3,
2022
Basic net income per Class A common share
Net income$361.4 $375.5 $1,045.5 $1,202.4 
Special Dividend on Convertible Preferred Stock— (252.2)— (252.2)
Accrued dividends on Convertible Preferred Stock— (14.2)(0.3)(38.3)
Earnings allocated to Convertible Preferred Stock— — (0.7)— 
Net income allocated to Class A common stockholders - Basic$361.4 $109.1 $1,044.5 $911.9 
Weighted average Class A common shares outstanding - Basic (1)576.2 534.6 575.2 525.4 
Basic net income per Class A common share$0.63 $0.20 $1.82 $1.74 
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Diluted$361.4 $109.1 $1,044.5 $911.9 
Weighted average Class A common shares outstanding - Basic (1)576.2 534.6 575.2 525.4 
Dilutive effect of:
Restricted stock units and awards4.9 4.0 5.3 4.4 
Weighted average Class A common shares outstanding - Diluted (2)581.1 538.6 580.5 529.8 
Diluted net income per Class A common share$0.62 $0.20 $1.80 $1.72 
(1) The number of Class A common shares remaining to be issued for the 12 and 40 weeks ended December 2, 2023 and December 3, 2022 were not material.
(2) For the 40 weeks ended December 2, 2023 and the 12 and 40 weeks ended December 3, 2022, 0.4 million, 37.6 million and 45.2 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive, respectively. The number of potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for the 12 and 40 weeks ended December 2, 2023 and December 3, 2022 were not material.