v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Feb. 28, 2026
Feb. 22, 2025
Feb. 24, 2024
Cash flows from operating activities:      
Net income $ 217.4 $ 958.6 $ 1,296.0
Adjustments to reconcile net income to net cash provided by operating activities:      
(Gain) loss on property dispositions and impairment losses, net (12.2) 95.8 43.9
Depreciation and amortization 1,913.7 1,817.9 1,779.0
Operating lease right-of-use assets amortization 727.2 681.2 665.2
LIFO expense 66.0 28.6 52.0
Deferred income tax (208.7) (105.1) (112.6)
Pension and post-retirement benefits (income) expense (28.4) 8.7 (2.9)
Contributions to pension and post-retirement benefit plans (56.9) (91.3) (18.3)
Deferred financing costs 24.5 16.3 15.6
Equity-based compensation expense 95.5 106.2 104.5
Other operating activities 20.1 (26.0) 1.4
Changes in operating assets and liabilities:      
Receivables, net (96.9) (113.8) (36.3)
Inventories, net (250.9) (72.4) (215.3)
Accounts payable, accrued salaries and wages and other accrued liabilities 12.8 (170.1) 100.5
Operating lease liabilities (705.2) (673.0) (654.1)
Pension withdrawal liabilities (18.6) (15.5) (88.7)
Self-insurance assets and liabilities 5.6 45.9 30.6
Other operating assets and liabilities 661.7 188.6 (301.0)
Net cash provided by operating activities 2,366.7 2,680.6 2,659.5
Cash flows from investing activities:      
Payments for property, equipment and intangibles, including payments for lease buyouts (1,839.4) (1,931.2) (2,031.3)
Proceeds from sale of assets 109.5 31.4 217.6
Other investing activities 50.5 8.0 67.0
Net cash used in investing activities (1,679.4) (1,891.8) (1,746.7)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, including ABL facility 4,671.5 50.0 150.0
Payments on long-term borrowings, including ABL facility (3,510.6) (250.9) (950.8)
Payments of obligations under finance leases (51.0) (60.6) (69.3)
Payments for debt financing costs (54.7) 0.0 0.0
Dividends paid on common stock (322.7) (295.1) (276.2)
Treasury stock purchase, at cost (1,478.2) (82.5) 0.0
Employee tax withholding on vesting of restricted stock units (36.5) (45.0) (38.8)
Other financing activities 0.0 0.0 1.7
Net cash used in financing activities (782.2) (684.1) (1,183.4)
Net (decrease) increase in cash and cash equivalents and restricted cash (94.9) 104.7 (270.6)
Cash and cash equivalents and restricted cash at beginning of period 297.9 193.2 463.8
Cash and cash equivalents and restricted cash at end of period 203.0 297.9 193.2
Reconciliation of capital investments:      
Payments for property, equipment and intangibles, including payments for lease buyouts (1,839.4) (1,931.2) (2,031.3)
Lease buyouts 5.8 3.7 (5.3)
Total payments for capital investments, excluding lease buyouts (1,833.6) (1,927.5) (2,036.6)
Non-cash investing and financing activities were as follows:      
Additions of finance lease obligations 45.3 42.9 21.6
Purchases of property and equipment included in accounts payable 269.7 324.8 246.8
Interest and income taxes paid:      
Interest paid, net of amount capitalized 448.4 444.3 484.2
Income taxes paid $ 255.6 $ 168.4 $ 405.4