Discontinued Operations (Tables)

6 Months Ended

Sep. 08, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of discontinued operations are summarized below:

	Second Quarter Ended						Year-To-Date Ended
	September 8,   2018   (12 weeks)			September 9,   2017   (12 weeks)			September 8,   2018   (28 weeks)			September 9,   2017   (28 weeks)
Net sales	$	189		$	351		$	539		$	838
Cost of sales	147			263			414			630
Gross profit	42			88			125			208
Selling and administrative expenses	47			124			159			239
Gain on sales	(2		)	—			(39		)	—
Operating (loss) earnings	(3		)	(36		)	5			(31		)
Interest expense, net	1			1			1			1
(Loss) earnings from discontinued operations before income taxes	(4		)	(37		)	4			(32		)
Income tax (benefit) provision	(1		)	(13		)	1			(11		)
(Loss) income from discontinued operations, net of tax	$	(3	)	$	(24	)	$	3		$	(21	)

The carrying amounts of major classes of assets and liabilities that were classified as held-for-sale on the Condensed Consolidated Balance Sheets were as follows:

	September 8, 2018		February 24, 2018
Current assets
Cash and cash equivalents	$	4	$	7
Receivables, net	5		8
Inventories, net	51		109
Other current assets	3		6
Total current assets of discontinued operations	63		130
Long-term assets
Property, plant and equipment, net	54		74
Intangible assets, net	—		1
Deferred tax assets	8		8
Other assets	1		1
Total long-term assets of discontinued operations	63		84
Total assets of discontinued operations	$	126	$	214
Current liabilities
Accounts payable	$	31	$	51
Accrued vacation, compensation and benefits	18		20
Current maturities of capital lease obligations	2		2
Other current liabilities	11		9
Total current liabilities of discontinued operations	62		82
Long-term liabilities
Long-term capital lease obligations	13		14
Other long-term liabilities	1		3
Total long-term liabilities of discontinued operations	14		17
Total liabilities of discontinued operations	76		99
Net assets of discontinued operations	$	50	$	115