(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 Stock—no par value; 50,000,000 shares    
      authorized, none issued and outstanding        
   Class A Common Stock—no par value; 475,000,000 shares        
      authorized, 14,122,040 and none issued and outstanding        
   Class B Common Stock—no 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.

 

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