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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Feb. 22, 2025
Feb. 24, 2024
Feb. 25, 2023
Cash flows from operating activities:      
Net income $ 958.6 $ 1,296.0 $ 1,513.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on property dispositions and impairment losses, net 95.8 43.9 (147.5)
Depreciation and amortization 1,817.9 1,779.0 1,807.1
Operating lease right-of-use assets amortization 681.2 665.2 652.7
LIFO expense 28.6 52.0 268.0
Deferred income tax (105.1) (112.6) 12.9
Pension and post-retirement benefits expense (income) 8.7 (2.9) (21.7)
Contributions to pension and post-retirement benefit plans (91.3) (18.3) (27.3)
Deferred financing costs 16.3 15.6 16.9
Equity-based compensation expense 106.2 104.5 138.3
Other operating activities (26.0) 1.4 (6.6)
Changes in operating assets and liabilities:      
Receivables, net (113.8) (36.3) (127.1)
Inventories, net (72.4) (215.3) (549.1)
Accounts payable, accrued salaries and wages and other accrued liabilities (170.1) 100.5 (164.2)
Operating lease liabilities (673.0) (654.1) (637.7)
Pension withdrawal liabilities (15.5) (88.7) (103.4)
Self-insurance assets and liabilities 45.9 30.6 56.2
Other operating assets and liabilities 188.6 (301.0) 172.9
Net cash provided by operating activities 2,680.6 2,659.5 2,853.9
Cash flows from investing activities:      
Payments for property, equipment and intangibles, including payments for lease buyouts (1,931.2) (2,031.3) (2,153.9)
Proceeds from sale of assets 31.4 217.6 195.2
Other investing activities 8.0 67.0 (18.6)
Net cash used in investing activities (1,891.8) (1,746.7) (1,977.3)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, including ABL facility 50.0 150.0 2,150.0
Payments on long-term borrowings, including ABL facility (250.9) (950.8) (1,150.8)
Payments of obligations under finance leases (60.6) (69.3) (71.6)
Special dividend paid 0.0 0.0 (3,916.9)
Dividends paid on common stock (295.1) (276.2) (255.1)
Dividends paid on convertible preferred stock 0.0 (0.8) (65.3)
Treasury stock purchase, at cost (82.5) 0.0 0.0
Employee tax withholding on vesting of restricted stock units (45.0) (38.8) (44.0)
Other financing activities 0.0 2.5 (11.7)
Net cash used in financing activities (684.1) (1,183.4) (3,365.4)
Net increase (decrease) in cash and cash equivalents and restricted cash 104.7 (270.6) (2,488.8)
Cash and cash equivalents and restricted cash at beginning of period 193.2 463.8 2,952.6
Cash and cash equivalents and restricted cash at end of period 297.9 193.2 463.8
Reconciliation of capital investments:      
Payments for property, equipment and intangibles, including payments for lease buyouts (1,931.2) (2,031.3) (2,153.9)
Lease buyouts 3.7 (5.3) (2.8)
Total payments for capital investments, excluding lease buyouts (1,927.5) (2,036.6) (2,156.7)
Non-cash investing and financing activities were as follows:      
Additions of finance lease obligations, excluding business acquisitions 42.9 21.6 23.3
Purchases of property and equipment included in accounts payable 324.8 246.8 333.5
Interest and income taxes paid:      
Interest paid, net of amount capitalized 444.3 484.2 395.3
Income taxes paid $ 168.4 $ 405.4 $ 220.9