XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Sep. 07, 2024
Sep. 09, 2023
Cash flows from operating activities:    
Net income $ 386.2 $ 684.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on property dispositions and impairment losses, net 49.2 19.2
Depreciation and amortization 973.9 945.2
Operating lease right-of-use assets amortization 364.3 357.0
LIFO expense 19.4 60.2
Deferred income tax (86.7) (85.8)
Contributions to pension and post-retirement benefit plans, net of expense (income) (29.3) (12.1)
Deferred financing costs 8.6 8.4
Equity-based compensation expense 66.2 57.2
Other operating activities 17.0 (12.3)
Changes in operating assets and liabilities:    
Receivables, net (174.0) (21.3)
Inventories, net (116.9) (326.6)
Accounts payable, accrued salaries and wages and other accrued liabilities 88.5 35.1
Operating lease liabilities (280.6) (274.7)
Self-insurance assets and liabilities 21.2 40.3
Other operating assets and liabilities 67.1 (126.0)
Net cash provided by operating activities 1,374.1 1,347.9
Cash flows from investing activities:    
Payments for property, equipment and intangibles, including lease buyouts (952.3) (1,084.3)
Proceeds from sale of assets 19.8 195.1
Other investing activities 7.2 (0.9)
Net cash used in investing activities (925.3) (890.1)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, including ABL facility 50.0 50.0
Payments on long-term borrowings, including ABL facility (200.4) (500.5)
Payments of obligations under finance leases (26.9) (29.1)
Dividends paid on common stock (139.0) (138.0)
Dividends paid on convertible preferred stock 0.0 (0.8)
Employee tax withholding on vesting of restricted stock units (41.5) (35.1)
Other financing activities 0.0 2.4
Net cash used in financing activities (357.8) (651.1)
Net increase (decrease) in cash and cash equivalents and restricted cash 91.0 (193.3)
Cash and cash equivalents and restricted cash at beginning of period 193.2 463.8
Cash and cash equivalents and restricted cash at end of period $ 284.2 $ 270.5