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Debt (Tables)

9 Months Ended

Nov. 30, 2019

Debt Disclosure [Abstract]

Schedule Of Debt

Debt



(In thousands)		As of November 30				As of February 28
Debt Description ⁽¹⁾	Maturity Date	2019				2019
Revolving credit facility⁽²⁾	June 2024	$	377,521			$	366,529
Term loan ⁽²⁾	June 2024	300,000				300,000
3.86% Senior notes	April 2023	100,000				100,000
4.17% Senior notes	April 2026	200,000				200,000
4.27% Senior notes	April 2028	200,000				200,000
Financing obligations	Various dates through February 2059	537,311				495,626
Non-recourse notes payable	Various dates through April 2026	13,320,447				12,535,405
Total debt		15,035,279				14,197,560
Less: current portion		(406,822		)		(396,350		)
Less: unamortized debt issuance costs		(24,203		)		(24,676		)
Long-term debt, net		$	14,604,254			$	13,776,534


⁽¹⁾	Interest is payable monthly, with the exception of our senior notes, which are payable semi-annually.

⁽²⁾

Borrowings accrue interest at variable rates based on the Eurodollar rate (LIBOR), the federal funds rate, or the prime rate, depending on the type of borrowing.

Schedule of Funding Vehicles [Table Text Block]



(In billions)	Capacity
Warehouse facilities:
February 2020 expiration	$	1.95
August 2020 expiration	1.40
September 2020 expiration	0.15
Combined warehouse facility limit	$	3.50
Unused capacity	$	1.19

Non-recourse notes payable outstanding:
Warehouse facilities	$	2.31
Asset-backed term funding transactions	11.01
Non-recourse notes payable	$	13.32