Short-Term Borrowings And Long-Term Debt

6 Months Ended

Aug. 26, 2011

Short-Term Borrowings And Long-Term Debt

Short-Term Borrowings And Long-Term Debt

7. SHORT-TERM BORROWINGS AND LONG-TERM DEBT

	Interest Rate Range	Fiscal Year	August 26,	February 25,
Debt Obligations	as of August 26, 2011	Maturity Range	2011	2011
U.S. dollar obligations:
Senior notes due August 2011	6.5%	2012	$ —	$ 249.9
Senior notes due February 2021	6.375%	2021	249.9	249.9
Revolving credit facilities	—	—	—	—
Notes payable	LIBOR + 3.35%	2017	41.9	43.1
Capitalized lease obligations	6.0%-6.5%	2012-2015	0.5	0.5
			292.3	543.4
Foreign currency obligations:
Revolving credit facilities	6.0%	2012	—	3
Notes payable	6.5%	2013	0.4	0.4

Total short-term borrowings and long-term debt			292.7	546.8
Short-term borrowings and current portion of long-term debt			2.6	255.5
Long-term debt			$ 290.1	$ 291.3

In August 2011, we repaid $250.0 of senior notes.

The annual maturities of short-term borrowings and long-term debt for each of the following five years are as follows:

Year Ending in February							Amount
2012							$ 2.6
2013							3
2014							2.4
2015							2.4
2016 and thereafter							282.3
							$ 292.7

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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