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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Nov. 30, 2024
Dec. 02, 2023
Cash flows from operating activities:    
Net income $ 786.8 $ 1,045.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on property dispositions and impairment losses, net 59.4 43.1
Depreciation and amortization 1,396.9 1,359.9
Operating lease right-of-use assets amortization 522.0 510.7
LIFO expense 22.9 87.8
Deferred income tax (182.9) (116.5)
Contributions to pension and post-retirement benefit plans, net of expense (income) (70.7) (17.0)
Deferred financing costs 12.4 12.0
Equity-based compensation expense 87.9 80.5
Other operating activities 12.8 (14.7)
Changes in operating assets and liabilities:    
Receivables, net (205.1) (139.4)
Inventories, net (214.9) (481.6)
Accounts payable, accrued salaries and wages and other accrued liabilities (77.6) 54.1
Operating lease liabilities (435.1) (424.3)
Self-insurance assets and liabilities 35.4 31.3
Other operating assets and liabilities 171.9 (300.6)
Net cash provided by operating activities 1,922.1 1,730.8
Cash flows from investing activities:    
Payments for property, equipment and intangibles, including lease buyouts (1,446.7) (1,535.0)
Proceeds from sale of assets 24.1 201.3
Other investing activities 6.1 4.9
Net cash used in investing activities (1,416.5) (1,328.8)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, including ABL facility 50.0 150.0
Payments on long-term borrowings, including ABL facility (250.7) (500.7)
Payments of obligations under finance leases (41.1) (45.4)
Dividends paid on common stock (208.5) (207.1)
Dividends paid on convertible preferred stock 0.0 (0.8)
Employee tax withholding on vesting of restricted stock units (42.0) (37.1)
Other financing activities 0.0 2.5
Net cash used in financing activities (492.3) (638.6)
Net increase (decrease) in cash and cash equivalents and restricted cash 13.3 (236.6)
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 $ 206.5 $ 227.2