| (in
millions, except share data) |
|
| |
February
27, 1998 |
February
28, 1997 |
|
| Assets |
|
|
|
|
| Current assets: |
|
|
|
|
| Cash
and cash equivalents |
$ |
103.1 |
$ |
174.0 |
| Short-term
investments |
|
13.0 |
|
13.6 |
| Accounts
receivable, less allowances |
|
|
|
|
| of
$31.8 and $23.0 |
|
364.3 |
|
327.6 |
| Notes
receivable and leased assets |
|
142.1 |
|
124.9 |
| Income
taxes receivable |
|
32.8 |
|
22.6 |
| Inventories |
|
105.8 |
|
108.0 |
| Prepaid
expenses |
|
7.5 |
|
5.8 |
| Deferred
income taxes |
|
56.4 |
|
48.1 |
|
| Total current assets |
|
825.0 |
|
824.6 |
|
| |
|
|
|
|
| Property and equipment,
net |
|
671.2 |
|
644.7 |
| |
|
|
|
|
| Notes receivable
and leased assets |
|
158.0 |
|
98.7 |
| |
|
|
|
|
| Joint ventures and dealer
transitions |
|
115.9 |
|
126.1 |
| |
|
|
|
|
| Deferred income taxes |
|
50.0 |
|
53.6 |
| |
|
|
|
|
| Goodwill and other intangible
assets, |
|
|
|
|
| net
of accumulated amortization of $21.5 and $17.3 |
|
66.3 |
|
69.5 |
| |
|
|
|
|
| Other assets |
|
120.8 |
|
104.9 |
|
| Total assets |
$ |
2,007.2 |
$ |
1,922.1 |
|
| The
accompanying notes are an integral part of these consolidated financial
statements. |
| |
| |
| (in
millions, except share data) |
|
| |
February
27, 1998 |
February
28, 1997 |
|
| Liabilities and Shareholders
Equity |
|
|
|
|
| Current liabilities: |
|
|
|
|
| Accounts
and notes payable |
$ |
117.8 |
$ |
105.1 |
| Accrued
expenses: |
|
|
|
|
| Employee
compensation |
|
103.9 |
|
76.5 |
| Employee
benefit plan obligations |
|
59.1 |
|
43.1 |
| Other |
|
189.1 |
|
125.3 |
|
| Total current liabilities |
|
469.9 |
|
350.0 |
|
| Long-term liabilities: |
|
|
|
|
| Employee
benefit plan obligations |
|
191.2 |
|
176.6 |
| Other
long-term liabilities |
|
13.7 |
|
15.5 |
|
| Total long-term liabilities |
|
204.9 |
|
192.1 |
|
| Total liabilities |
|
674.8 |
|
542.1 |
|
| Commitments and contingencies
|
|
|
|
|
| Shareholders equity: |
|
|
|
|
| Preferred
Stockno par value; 50,000,000 shares |
|
|
|
|
| authorized,
none issued and outstanding |
|
|
|
|
| Class
A Common Stockno par value; 475,000,000 shares |
|
|
|
|
| authorized,
14,122,040 and none issued and outstanding |
|
|
|
|
| Class
B Common Stockno par value; 475,000,000 shares |
|
|
|
|
| authorized,
139,245,676 and 154,868,176 issued and outstanding |
|
328.5 |
|
408.9 |
| Cumulative
translation adjustment |
|
(14.5) |
|
(0.1) |
| Retained
earnings |
|
977.3 |
|
971.2 |
|
| Total shareholders
equity |
|
1,332.4 |
|
1,380.0 |
|
| Total liabilities and
shareholders equity |
$ |
2,007.2 |
$ |
1,922.1 |
|
| The
accompanying notes are an integral part of these consolidated financial
statements. |