Debt (Tables)

3 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Schedule Of Debt

Debt

(In thousands)		As of May 31			As of February 29
Debt Description (1)	Maturity Date	2020			2020
Revolving credit facility (2)	June 2024	$	370,086		$	452,740
Term loan	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	535,078			536,739
Non-recourse notes payable	Various dates through May 2027	13,174,982			13,613,272
Total debt		14,880,146			15,402,751
Less: current portion		(439,885		)	(433,456		)
Less: unamortized debt issuance costs		(24,081		)	(25,240		)
Long-term debt, net		$	14,416,180		$	14,944,055

 ⁽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:
August 2020 expiration	$	1.40
September 2020 expiration	0.15
February 2021 expiration	1.95
Combined warehouse facility limit	$	3.50
Unused capacity	$	1.55
Non-recourse notes payable outstanding:
Warehouse facilities	$	1.95
Asset-backed term funding transactions	11.22
Non-recourse notes payable	$	13.17